State Street Energy Select Sector SPDR ETF (XLE)

Market Price (9/3/2026): $65.2

State Street Energy Select Sector SPDR ETF (XLE)

Market Price (9/3/2026): $65.2

Key Takeaways

XLE has returned +46.6% YTD vs +12.5% for SPY; +47.3% over the past 12 months (SPY +20.5%). details →
Priced in gold, XLE has returned -29.8% over the past 3 years, vs +56.8% in dollars — its dollar gains have lagged gold. details →
Over the past month, XLE has seen net outflows of −$525M (−1.3% of assets). details →
Analysts expect -5% revenue growth across XLE's holdings (next fiscal year) vs +13% for SPY; expected earnings growth: -15% vs +19%. details →
XLE's portfolio trades at 14.7x forward earnings — a 96% premium to SPY (7.5x). details →

Last updated: 9/2/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with XLE

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+10.1%

Volatility

17.9%

Sharpe

0.47

YTD

+27.6%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	XLE	25.0%	0.5%	4.3%	11.2%	46.6%
Bond	BND	50.0%	0.1%	-0.7%	-0.5%	-0.4%
Gold	GLD	10.0%	1.5%	-4.4%	7.6%	1.6%
Commodity	DBC	2.5%	0.0%	4.7%	12.8%	42.8%
Real Estate	VNQ	5.0%	-0.5%	-2.9%	-3.2%	10.4%
Bitcoin	BTCUSD	0.0%	-0.3%	-2.3%	20.5%	-11.8%
Cash	GOVT	7.5%	0.1%	-1.0%	-0.7%	-0.9%
Conservative Portfolio		100.0%	0.3%	0.2%	3.4%	13.1%

	ETF	%	1D	1W	1M	YTD
Equity	XLE	55.0%	0.5%	4.3%	11.2%	46.6%
Bond	BND	25.0%	0.1%	-0.7%	-0.5%	-0.4%
Gold	GLD	7.0%	1.5%	-4.4%	7.6%	1.6%
Commodity	DBC	4.0%	0.0%	4.7%	12.8%	42.8%
Real Estate	VNQ	5.0%	-0.5%	-2.9%	-3.2%	10.4%
Bitcoin	BTCUSD	2.0%	-0.3%	-2.3%	20.5%	-11.8%
Cash	GOVT	2.0%	0.1%	-1.0%	-0.7%	-0.9%
Moderate Portfolio		100.0%	0.4%	1.9%	7.3%	27.6%

	ETF	%	1D	1W	1M	YTD
Equity	XLE	80.0%	0.5%	4.3%	11.2%	46.6%
Bond	BND	5.0%	0.1%	-0.7%	-0.5%	-0.4%
Gold	GLD	3.0%	1.5%	-4.4%	7.6%	1.6%
Commodity	DBC	2.2%	0.0%	4.7%	12.8%	42.8%
Real Estate	VNQ	4.5%	-0.5%	-2.9%	-3.2%	10.4%
Bitcoin	BTCUSD	5.2%	-0.3%	-2.3%	20.5%	-11.8%
Cash	GOVT	0.0%	0.1%	-1.0%	-0.7%	-0.9%
Aggressive Portfolio		100.0%	0.4%	3.1%	10.4%	38.1%

	ETF	%	Return	Volatility	Sharpe
Equity	XLE	25.0%	10.7%	29.9%	0.38
Bond	BND	50.0%	1.3%	5.1%	-0.27
Gold	GLD	10.0%	12.2%	15.3%	0.62
Commodity	DBC	2.5%	7.8%	17.4%	0.33
Real Estate	VNQ	5.0%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	0.0%	63.0%	76.0%	0.95
Cash	GOVT	7.5%	0.3%	4.9%	-0.48
Conservative Portfolio		100.0%	5.8%	9.2%	0.35

	ETF	%	Return	Volatility	Sharpe
Equity	XLE	55.0%	10.7%	29.9%	0.38
Bond	BND	25.0%	1.3%	5.1%	-0.27
Gold	GLD	7.0%	12.2%	15.3%	0.62
Commodity	DBC	4.0%	7.8%	17.4%	0.33
Real Estate	VNQ	5.0%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	2.0%	63.0%	76.0%	0.95
Cash	GOVT	2.0%	0.3%	4.9%	-0.48
Moderate Portfolio		100.0%	10.1%	17.9%	0.47

	ETF	%	Return	Volatility	Sharpe
Equity	XLE	80.0%	10.7%	29.9%	0.38
Bond	BND	5.0%	1.3%	5.1%	-0.27
Gold	GLD	3.0%	12.2%	15.3%	0.62
Commodity	DBC	2.2%	7.8%	17.4%	0.33
Real Estate	VNQ	4.5%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	5.2%	63.0%	76.0%	0.95
Cash	GOVT	0.0%	0.3%	4.9%	-0.48
Aggressive Portfolio		100.0%	13.8%	25.6%	0.53

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLE	25.0%	39.7%	-53.3%	-27.2%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	0.2%	-17.4%	-6.5%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLE	55.0%	39.7%	-53.3%	-27.2%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	15.7%	-33.9%	-16.2%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLE	80.0%	39.7%	-53.3%	-27.2%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	27.0%	-47.1%	-24.4%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	9/30/27	9/3/26	2025	2024	2023	2022	2021
Share Price CYE		$65.10	$44.42	$41.18	$39.01	$39.26	$23.89
Dividend/Share TTM		$1.51	$2.56	$2.88	$2.98	$3.22	$2.34
Valuation [1]
P/S	—	2.08	1.85	1.84	1.48	1.55	1.35
P/E		18.44	17.00	15.41	10.92	8.14	13.77
P/E (Non-GAAP) [2]	14.60	14.81	16.75	14.65	12.19	14.30	16.45
P/FCF		17.39	17.78	17.13	14.26	9.35	10.07
Yields TTM
Earnings Yield	6.85%	5.42%	5.88%	6.49%	9.15%	12.29%	7.26%
Dividend Yield	2.31%	2.31%	5.75%	6.99%	7.63%	8.21%	9.78%
Total Yield (TY)	9.17%	7.74%	11.64%	13.47%	16.79%	20.49%	17.05%
Risk Premium [3]
Risk Free Rate (Rf)	4.79%	4.79%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	4.38%	2.95%	7.46%	8.89%	12.91%	16.61%	15.53%
Growth Rates [6]
Sales Growth	-5.5%	11.7%	-0.6%	-1.7%	-16.2%	46.1%
Earnings Growth [7]	-14.6%	39.9%	-4.8%	-27.6%	-28.7%	149.9%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

XLE's earnings yield is 5.42%, based on its 18.4x trailing P/E. With a 2.31% dividend yield, XLE is yielding 7.74% in total.

RISK

Compared to US Treasuries at 4.79%, XLE's total yield implies a reasonable 2.95% risk premium. Risk premiums at this level suggest valuations are not excessive.

FORWARD EXPECTATIONS

Based on analyst estimates, XLE's forward total yield is 9.17%, implying a 4.38% risk premium assuming stable Treasury rates.

Top 20 Holdings for XLE

Total Weights
Top 5: 52.1% | Top 10: 73.5% | Top 20: 99.0%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.82%	100.00%	100.00%	1.6	14.7	-5.5%	-14.6%
Top 20		98.95%	99.17%	98.37%	1.6	14.8	-5.4%	-14.4%
XOM	ExxonMobil	20.10%	18.21%	16.97%	1.8	14.6	-5.2%	-6.9%
CVX	Chevron	14.89%	12.81%	12.98%	1.9	15.6	-9.1%	-19.5%
COP	ConocoPhillips	6.32%	4.14%	6.22%	2.5	14.6	-6.8%	-14.3%
MPC	Marathon Petroleum	5.42%	12.78%	7.31%	0.7	11.1	-8.5%	-40.7%
PSX	Phillips 66	5.39%	13.74%	6.58%	0.7	11.7	-7.5%	-20.7%
VLO	Valero Energy	5.06%	11.28%	5.99%	0.8	12.0	-13.5%	-36.9%
SLB	SLB	4.48%	3.23%	2.83%	2.2	18.5	+7.6%	+26.9%
EOG	EOG Resources	4.25%	2.49%	6.59%	2.9	10.2	-7.7%	-16.3%
WMB	Williams Companies	3.86%	0.88%	2.27%	6.8	27.1	+13.8%	+11.3%
TRGP	Targa Resources	3.76%	1.72%	2.39%	2.9	24.3	+20.7%	+4.8%
KMI	Kinder Morgan	3.73%	1.62%	3.21%	3.8	20.3	+2.0%	-0.7%
BKR	Baker Hughes	3.66%	2.72%	3.12%	2.1	21.4	+10.9%	+19.5%
OKE	ONEOK	3.56%	3.98%	3.79%	1.5	15.8	-5.7%	+8.9%
DVN	Devon Energy	3.21%	2.37%	4.05%	1.9	14.9	+9.9%	-6.2%
OXY	Occidental Petroleum	2.53%	1.55%	5.34%	2.5	14.1	-8.8%	-37.6%
FANG	Diamondback Energy	2.31%	1.18%	1.05%	3.3	11.4	-7.4%	-16.5%
EQT	EQT	2.04%	0.95%	2.80%	3.8	13.4	-1.0%	-2.7%
HAL	Halliburton	1.71%	2.09%	1.54%	1.4	14.0	+5.4%	+18.9%
EXE	Expand Energy	1.38%	1.37%	2.85%	1.8	10.8	-3.7%	+1.9%
TPL	Texas Pacific Land	1.27%	0.08%	0.48%	23.4	38.5	+12.1%	+11.0%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 9/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 9/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for XLE Top Holdings

Ticker	Holding	Weight	Mkt Price 9/2	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
XLE	State Street Energy Select Sector SPDR ETF	100.00%	65.10	0.5%	10.7%	46.6%	47.3%	56.8%	218.9%	180.9%
XOM	ExxonMobil	20.10%	164.15	-0.2%	6.5%	39.1%	47.3%	59.6%	256.5%	189.2%
CVX	Chevron	14.89%	211.78	0.3%	10.6%	42.8%	36.0%	46.1%	165.4%	219.9%
COP	ConocoPhillips	6.32%	137.20	0.7%	15.9%	49.8%	43.0%	23.5%	196.6%	365.1%
MPC	Marathon Petroleum	5.42%	387.00	1.0%	26.4%	140.7%	118.4%	181.3%	642.8%	1,132.7%
PSX	Phillips 66	5.39%	256.09	1.6%	24.9%	102.6%	97.0%	141.3%	341.1%	371.7%
VLO	Valero Energy	5.06%	366.09	1.1%	19.0%	128.2%	142.3%	197.6%	560.5%	879.4%
SLB	SLB	4.48%	58.13	2.2%	18.5%	53.9%	67.2%	4.9%	131.1%	-0.7%
EOG	EOG Resources	4.25%	148.96	0.4%	2.3%	45.4%	22.2%	26.5%	177.4%	131.3%
WMB	Williams Companies	3.86%	75.16	-0.1%	6.7%	26.9%	35.1%	143.8%	278.5%	340.1%
TRGP	Targa Resources	3.76%	293.46	-0.9%	10.9%	61.4%	79.8%	257.7%	623.9%	908.8%
KMI	Kinder Morgan	3.73%	31.97	-0.4%	1.8%	19.6%	24.4%	115.7%	156.3%	142.8%
BKR	Baker Hughes	3.66%	64.63	1.5%	6.7%	43.5%	44.7%	87.0%	213.0%	213.3%
OKE	ONEOK	3.56%	96.01	0.3%	8.8%	35.6%	35.6%	70.5%	136.6%	263.9%
DVN	Devon Energy	3.21%	49.03	-0.0%	10.0%	35.5%	38.1%	2.5%	115.2%	59.2%
OXY	Occidental Petroleum	2.53%	60.91	-0.1%	9.8%	49.5%	29.4%	-0.5%	151.5%	3.7%
FANG	Diamondback Energy	2.31%	203.42	0.1%	2.9%	37.6%	39.0%	46.8%	232.5%	177.5%
EQT	EQT	2.04%	55.75	0.3%	4.4%	4.9%	7.7%	31.5%	191.6%	57.0%
HAL	Halliburton	1.71%	37.63	2.7%	18.5%	35.0%	70.5%	1.6%	105.7%	5.4%
EXE	Expand Energy	1.38%	99.32	-0.7%	5.6%	-8.4%	3.4%	19.7%	112.3%
TPL	Texas Pacific Land	1.27%	367.32	-0.7%	-9.4%	28.4%	17.7%	79.0%	171.3%	2,021.1%

Guidance Updates for XLE Top Holdings

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
XLE Return	53%	64%	-1%	6%	8%	46%	316%
Peers Return	29%	-15%	28%	20%	19%	16%	135%
S&P 500 Return	27%	-19%	24%	23%	16%	11%	103%
Monthly Win Rates [3]
XLE Win Rate	75%	67%	67%	42%	67%	67%
Peers Win Rate	70%	37%	58%	67%	63%	44%
S&P 500 Win Rate	75%	42%	67%	75%	67%	44%
Max Drawdowns [4]
XLE Max Drawdown	-18%	-26%	-17%	-14%	-19%	-16%
Peers Max Drawdown	-9%	-26%	-12%	-12%	-20%	-13%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: VGT, XLK, XLF, XLV, XLI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/2/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
XLE	1.62	0.61	0.88
Equity Top Results (3Y)
IALT	2.08	2.08	2.08
VLUE	2.53	1.42	0.74
SPMO	0.94	1.37	0.79
CORO	1.35	1.33	1.33
CGDV	1.28	1.31	0.94

Results as of 8312026.

Event	XLE	S&P 500
2025 US Tariff Shock
% Loss	-16.3%	-18.8%
% Gain to Breakeven	19.4%	23.1%
Time to Breakeven	169 days	79 days
2023 SVB Regional Banking Crisis
% Loss	-14.5%	-6.7%
% Gain to Breakeven	16.9%	7.1%
Time to Breakeven	145 days	31 days
2020 COVID-19 Crash
% Loss	-56.3%	-33.7%
% Gain to Breakeven	128.7%	50.9%
Time to Breakeven	352 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-29.9%	-19.2%
% Gain to Breakeven	42.6%	23.8%
Time to Breakeven	1117 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-24.3%	-12.2%
% Gain to Breakeven	32.0%	13.9%
Time to Breakeven	98 days	62 days
2014-2016 Oil Price Collapse
% Loss	-45.4%	-6.8%
% Gain to Breakeven	83.0%	7.3%
Time to Breakeven	2233 days	15 days

Compare to VGT, XLK, XLF, XLV, XLI

In The Past

State Street Energy Select Sector SPDR ETF's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	XLE	S&P 500
2020 COVID-19 Crash
% Loss	-56.3%	-33.7%
% Gain to Breakeven	128.7%	50.9%
Time to Breakeven	352 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-29.9%	-19.2%
% Gain to Breakeven	42.6%	23.8%
Time to Breakeven	1117 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-24.3%	-12.2%
% Gain to Breakeven	32.0%	13.9%
Time to Breakeven	98 days	62 days
2014-2016 Oil Price Collapse
% Loss	-45.4%	-6.8%
% Gain to Breakeven	83.0%	7.3%
Time to Breakeven	2233 days	15 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-28.8%	-17.9%
% Gain to Breakeven	40.5%	21.8%
Time to Breakeven	484 days	123 days
2008-2009 Global Financial Crisis
% Loss	-52.0%	-53.4%
% Gain to Breakeven	108.4%	114.4%
Time to Breakeven	717 days	1085 days

Compare to VGT, XLK, XLF, XLV, XLI

In The Past

State Street Energy Select Sector SPDR ETF's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

XLE Dip Buy History

XLE had 35 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

20% median peak return within 1 year of dip event
214 days is the median time to peak return after a dip event
-12% median max drawdown within 1 year of dip event

60 Day Dip			XLE Subsequent Performance
Date	XLE	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			9%	20%	-12%	214
6152026	-6%	15%			-5%	79
2212025	-6%	1%	27%	27%	-15%	371
12182024	-5%	3%	10%	14%	-8%	105
9262024	-5%	5%	8%	14%	-9%	57
6272024	-5%	6%	-3%	8%	-14%	148
11072023	-6%	-2%	15%	19%	-4%	150
2032023	-7%	9%	1%	11%	-10%	223
6222022	-6%	-17%	10%	30%	-8%	146
8022021	-6%	5%	64%	95%	-7%	310
8192020	-5%	13%	30%	58%	-24%	300
1312020	-9%	5%	-21%	3%	-55%	12
5232019	-6%	1%	-32%	6%	-59%	50
10192018	-6%	-2%	-15%	0%	-24%	0
8152018	-8%	4%	-18%	9%	-24%	55
3222018	-6%	-1%	1%	17%	-18%	60
8152017	-6%	4%	17%	28%	-2%	279
3072017	-5%	6%	-3%	13%	-12%	321
12112015	-7%	2%	31%	31%	-14%	367
7012015	-6%	1%	-5%	0%	-29%	13
9122014	-6%	2%	-31%	2%	-35%	4
11142012	-5%	-4%	30%	30%	0%	349
5032012	-5%	4%	18%	18%	-11%	369
8042011	-10%	-11%	4%	12%	-17%	204
5232011	-5%	0%	-10%	9%	-22%	60
5202010	-6%	-3%	46%	57%	-5%	344
2052010	-6%	-2%	39%	39%	-8%	361
9042009	-5%	8%	7%	23%	-1%	231
7152008	-5%	-12%	-39%	0%	-51%	6
3192008	-9%	-11%	-35%	28%	-45%	62
1152008	-5%	-10%	-37%	23%	-45%	126
3012007	-6%	1%	36%	44%	-2%	300
9202006	-5%	6%	50%	50%	0%	366
6132006	-6%	-6%	42%	42%	0%	366
12232005	-6%	4%	16%	21%	-3%	356
5132005	-7%	-4%	45%	56%	-0%	343

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 9/2/2026

XLE had 24 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

24% median peak return within 1 year of dip event
289 days is the median time to peak return after a dip event
-7.3% median max drawdown within 1 year of dip event

90 Day Dip			XLE Subsequent Performance
Date	XLE	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			20%	24%	-7%	289
5282025	-12%	-0%	47%	58%	-0%	303
4042025	-18%	-14%	49%	64%	-3%	357
9062024	-10%	6%	7%	14%	-9%	77
1162024	-10%	7%	19%	23%	-1%	311
5252023	-11%	5%	21%	28%	-3%	316
3152023	-12%	4%	23%	23%	-1%	183
9232022	-13%	-7%	32%	36%	-2%	356
7192021	-10%	10%	61%	103%	-2%	324
9082020	-10%	15%	49%	74%	-16%	280
2252020	-12%	5%	9%	9%	-51%	365
8052019	-10%	2%	-31%	9%	-57%	154
10242018	-11%	-4%	-7%	6%	-18%	14
8172017	-12%	4%	21%	31%	-0%	277
4212017	-10%	5%	13%	18%	-8%	276
12072015	-12%	-1%	25%	25%	-16%	364
7272015	-10%	-1%	1%	5%	-23%	99
10092014	-10%	1%	-16%	4%	-29%	43
5182012	-10%	1%	31%	33%	-3%	367
11212011	-13%	-9%	9%	16%	-7%	298
8042011	-12%	-8%	4%	12%	-17%	204
5202010	-13%	-6%	46%	57%	-5%	344
8182008	-11%	-5%	-28%	9%	-45%	3
2062008	-10%	-13%	-27%	34%	-40%	104
9112006	-10%	0%	39%	44%	-2%	311

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 9/2/2026

XLE had 6 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

11% median peak return within 1 year of dip event
97.5 days is the median time to peak return after a dip event
-28% median max drawdown within 1 year of dip event

180 Day Dip			XLE Subsequent Performance
Date	XLE	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-2%	11%	-28%	98
2272020	-22%	4%	13%	18%	-47%	363
12142015	-21%	-2%	32%	32%	-14%	365
8052015	-21%	4%	3%	7%	-22%	90
3062015	-22%	7%	-16%	9%	-31%	54
1142015	-20%	9%	-22%	13%	-25%	105
9292008	-20%	-19%	-7%	6%	-36%	1

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 9/2/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
SCHA	Schwab U.S. Small-Cap ETF	-5.8%	34.04	9022026	36.13	6302026	64
IWF	iShares Russell 1000 Growth ETF	-5.4%	121.81	9022026	128.77	6012026	93
VONG	Vanguard Russell 1000 Growth ETF	-5.2%	125.43	9022026	132.35	6012026	93
IWP	iShares Russell Mid-Cap Growth ETF	-6.9%	137.50	9022026	147.70	8172026	16
VOT	Vanguard Mid-Cap Growth ETF	-5.6%	296.33	9022026	314.02	8162026	17
IJK	iShares S&P Mid-Cap 400 Growth ETF	-5.8%	112.17	9022026	119.11	8172026	16
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-5.8%	107.09	9022026	113.69	8172026	16
IWO	iShares Russell 2000 Growth ETF	-5.2%	375.11	9022026	395.65	8162026	17
VBK	Vanguard Small-Cap Growth ETF	-5.5%	345.93	9022026	366.24	8172026	16
IJT	iShares S&P Small-Cap 600 Growth ETF	-5.5%	169.15	9022026	179.07	8042026	29
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-5.5%	112.87	9022026	119.50	8042026	29
EEM	iShares MSCI Emerging Markets ETF	-5.7%	67.15	9022026	71.21	6222026	72
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-8.9%	33.99	9022026	37.30	6222026	72
EWY	iShares MSCI South Korea ETF	-18.4%	178.86	9022026	219.20	6212026	73
EWZ	iShares MSCI Brazil ETF	-8.7%	38.09	9022026	41.73	4142026	141
FXI	iShares China Large-Cap ETF	-7.1%	35.54	9022026	38.26	5132026	112
KWEB	KraneShares CSI China Internet ETF	-17.1%	25.70	9022026	30.99	3102026	176
MTUM	iShares MSCI USA Momentum Factor ETF	-14.0%	297.04	9022026	345.22	6222026	72
SPHQ	Invesco S&P 500 Quality ETF	-5.9%	84.77	9022026	90.10	6302026	64
SPMO	Invesco S&P 500 Momentum ETF	-9.5%	146.34	9022026	161.66	6222026	72
URA	Global X Uranium ETF	-23.9%	44.32	9022026	58.26	5062026	119
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-15.5%	35.19	9022026	41.63	5132026	112
ROBO	ROBO Global Robotics & Automation Index ETF	-12.7%	78.86	9022026	90.34	6022026	92
LIT	Global X Lithium & Battery Tech ETF	-18.9%	74.26	9022026	91.62	5112026	114
ICLN	iShares Global Clean Energy ETF	-26.9%	17.37	9022026	23.75	6022026	92
ARKQ	ARK Autonomous Technology & Robotics ETF	-16.4%	120.24	9022026	143.82	5282026	97
ARKX	ARK Space & Defense Innovation ETF	-15.6%	31.85	9022026	37.74	5282026	97
NASA	Tema Space Innovators ETF	-45.5%	22.85	9022026	41.89	5272026	98
AGIX	KraneShares Artificial Intelligence ETF	-10.7%	44.10	9022026	49.40	6012026	93
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-5.9%	67.07	9022026	71.30	8252026	8
VGT	Vanguard Information Technology ETF	-5.2%	119.13	9022026	125.62	6022026	92
XLK	State Street Technology Select Sector SPDR ETF	-7.4%	183.60	9022026	198.21	6022026	92
XLI	State Street Industrial Select Sector SPDR ETF	-7.4%	172.78	9022026	186.51	8162026	17
XLC	State Street Communication Services Select Sector SPDR ETF	-5.6%	112.42	9022026	119.10	4192026	136
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.9%	114.86	9022026	122.06	5282026	97
XLU	State Street Utilities Select Sector SPDR ETF	-9.5%	42.67	9022026	47.15	4092026	146
IYJ	iShares U.S. Industrials ETF	-6.1%	159.43	9022026	169.86	8042026	29
SMH	VanEck Semiconductor ETF	-17.7%	550.48	9022026	668.91	6222026	72
SOXX	iShares Semiconductor ETF	-23.4%	501.44	9022026	655.01	6222026	72
ITA	iShares U.S. Aerospace & Defense ETF	-11.8%	223.37	9022026	253.22	8162026	17
IGV	iShares Expanded Tech-Software Sector ETF	-6.3%	103.42	9022026	110.32	8272026	6
IYT	iShares U.S. Transportation ETF	-7.4%	83.32	9022026	90.01	7162026	48
MISL	First Trust Indxx Aerospace & Defense ETF	-14.7%	42.97	9022026	50.39	3042026	182
RING	iShares MSCI Global Gold Miners ETF	-8.2%	85.52	9022026	93.17	8252026	8
SOXQ	Invesco PHLX Semiconductor ETF	-22.4%	89.27	9022026	115.11	6222026	72
TLT	iShares 20+ Year Treasury Bond ETF	-6.4%	81.95	9022026	87.52	3092026	177
VGLT	Vanguard Long-Term Treasury ETF	-5.2%	52.62	9022026	55.54	3042026	182
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.6%	25.03	9022026	26.52	3092026	177
EDV	Vanguard World Funds Extended Duration ETF	-9.4%	59.97	9022026	66.20	3092026	177
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.1%	21.25	9022026	22.40	6292026	65
GSG	iShares GSCI Commodity	-5.8%	30.01	9022026	31.85	3182026	168
GLD	SPDR Gold Trust	-15.7%	402.78	9022026	477.86	3102026	176
IAU	iShares Gold Trust	-16.9%	81.35	9022026	97.85	3102026	176
GLDM	SPDR Gold MiniShares Trust	-15.6%	86.89	9022026	102.89	3102026	176
SGOL	ETFS Physical Swiss Gold Shares	-9.8%	44.66	9022026	49.53	3102026	176
BAR	Direxion Daily Gold Bull 3X Shares	-13.4%	44.34	9022026	51.20	3102026	176
SLV	iShares Silver Trust	-27.7%	57.92	9022026	80.09	3102026	176
PPLT	ETFS Physical Platinum Shares	-20.1%	15.98	9022026	20.00	3102026	176
CPER	United States Copper Index Fund ETV	-7.7%	33.33	9022026	36.12	3112026	175
PALL	ETFS Physical Palladium Shares	-19.8%	24.58	9022026	30.64	3092026	177
USO	United States Oil Fund LP	-7.7%	141.15	9022026	152.96	5192026	106
UNG	United States Natural Gas Fund LP	-17.6%	10.75	9022026	13.04	3122026	174
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	9022026	60.13	5042026	121
VNQ	Vanguard Real Estate ETF	-5.1%	95.78	9022026	100.95	7282026	36
SCHH	Schwab U.S. REIT ETF	-5.7%	23.45	9022026	24.86	7262026	38
IYR	iShares U.S. Real Estate ETF	-5.1%	101.84	9022026	107.26	7282026	36
REET	iShares Global REIT ETF	-5.4%	27.33	9022026	28.89	7262026	38
USRT	iShares Core U.S. REIT ETF	-6.4%	65.35	9022026	69.82	7262026	38
IBIT	iShares Bitcoin Trust ETF	-5.8%	43.79	9022026	46.47	5112026	114
FBTC	Fidelity Wise Origin Bitcoin Fund	-5.7%	67.29	9022026	71.35	5112026	114

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-02

Asset allocation rotation · Past week

Bond ETFs drew the largest net inflows (+$4.4B), followed by Commodity (+$2.1B), while Equity (−$3.6B) and Real Estate (−$56M) saw the largest outflows.
Within the mix, money rotated into Short Treasury (+$5.1B) and out of US Large Cap Core (−$10.0B).
Relative to fund size, CNEQ drew the largest inflow (+15.9% of AUM) and XOVR the largest outflow (−19.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$6.14B	+0.6%
2	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$3.22B	+9.3%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.83B	+1.7%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.76B	+0.3%
5	GLD	SPDR Gold Shares	Commodity Gold	+$1.57B	+1.0%
6	SCHO	Schwab Short-Term U.S. Treasury ETF	Bond Short Treasury	+$1.18B	+7.8%
7	IEFA	iShares Core MSCI EAFE ETF	Equity International Developed Broad	+$798M	+0.4%
8	JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Equity Option Income	+$746M	+1.8%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$744M	+0.7%
10	AGG	iShares Core U.S. Aggregate Bond ETF	Bond US Aggregate Core	+$731M	+0.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$386M	+15.9%
2	ALAI	Alger AI Enablers & Adopters ETF	Other	+$163M	+14.9%
3	LMUB	iShares Long-Term National Muni Bond ETF	Bond Municipal	+$202M	+12.6%
4	DBA	Invesco DB Agriculture Fund	Other	+$144M	+10.0%
5	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$3.22B	+9.3%
6	KLMN		Other	+$221M	+9.0%
7	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$95M	+8.3%
8	SCHO	Schwab Short-Term U.S. Treasury ETF	Bond Short Treasury	+$1.18B	+7.8%
9	OIH	VanEck Oil Services ETF	Other	+$126M	+6.3%
10	SYSB	iShares Systematic Bond ETF	Other	+$78M	+6.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$13.61B	-1.5%
2	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.26B	-7.0%
3	VGIT	Vanguard Intermediate-Term Treasury ETF	Bond Intermediate Treasury	-$2.11B	-5.3%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	-$2.09B	-1.2%
5	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$860M	-5.4%
6	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$776M	-0.1%
7	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$727M	-0.9%
8	DRAM	Roundhill Memory ETF	Other	-$681M	-2.6%
9	ITOT	iShares Core S&P Total U.S. Stock Market ETF	Equity US Total Market	-$632M	-0.7%
10	GDX	VanEck Gold Miners ETF	Other	-$549M	-1.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$316M	-19.1%
2	USO	United States Oil Fund, LP	Commodity Energy	-$197M	-11.0%
3	TAN	Invesco Solar ETF	Other	-$109M	-10.5%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$156M	-8.7%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.26B	-7.0%
6	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$144M	-6.7%
7	ETHU	2x Ether ETF	Other	-$72M	-6.5%
8	AIA	iShares Asia 50 ETF	Other	-$326M	-6.4%
9	EWH	iShares MSCI Hong Kong ETF	Other	-$73M	-6.0%
10	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$860M	-5.4%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$43.5B), followed by Bond (+$21.0B), while Real Estate (−$59M) saw the largest outflows.
Within the mix, money rotated into US Nasdaq Growth (+$15.6B) and out of Intermediate Treasury (−$8.5B).
Relative to fund size, CNEQ drew the largest inflow (+96.5% of AUM) and USO the largest outflow (−23.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$27.58B	+2.7%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$12.19B	+2.5%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$8.4B	+8.1%
4	GLD	SPDR Gold Shares	Commodity Gold	+$6.96B	+4.8%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$5.79B	+0.8%
6	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$5.58B	+12.1%
7	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$4.64B	+15.2%
8	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.85B	+3.5%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.41B	+17.9%
10	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.4B	+3.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$1.51B	+96.5%
2	USMC	Principal U.S. Mega-Cap ETF	Other	+$1.41B	+32.0%
3	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$452M	+30.8%
4	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$447M	+27.9%
5	BFLX	iShares Flexible Equity Active ETF	Other	+$461M	+27.2%
6	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$322M	+23.0%
7	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$304M	+22.5%
8	ETHA	iShares Ethereum Trust ETF	Crypto	+$1.26B	+21.6%
9	FLTW	Franklin FTSE Taiwan ETF	Other	+$736M	+20.7%
10	SPTS	State Street SPDR Portfolio Short Term Treasury ETF	Bond Short Treasury	+$1.25B	+20.5%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$23.18B	-2.6%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.73B	-11.0%
3	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$4.39B	-7.7%
4	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$3.04B	-7.2%
5	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$2.69B	-0.3%
6	VGIT	Vanguard Intermediate-Term Treasury ETF	Bond Intermediate Treasury	-$2.33B	-5.5%
7	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.82B	-5.5%
8	GOVT	iShares U.S. Treasury Bond ETF	Bond Intermediate Treasury	-$1.78B	-4.1%
9	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.58B	-9.0%
10	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.47B	-2.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	USO	United States Oil Fund, LP	Commodity Energy	-$451M	-23.9%
2	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$402M	-21.6%
3	TAN	Invesco Solar ETF	Other	-$272M	-20.7%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$324M	-17.8%
5	XNTK	State Street SPDR NYSE Technology ETF	Other	-$315M	-14.9%
6	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.73B	-11.0%
7	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$873M	-10.7%
8	IBTG	iShares iBonds Dec 2026 Term Treasury ETF	Other	-$208M	-10.0%
9	CLIP	Global X - 1-3 Month T-Bill ETF	Cash	-$232M	-9.7%
10	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	-$942M	-9.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$158.9B), followed by Bond (+$63.2B), while Crypto (−$171M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$26.2B) and out of Intermediate Treasury (−$4.2B).
Relative to fund size, BFLX drew the largest inflow (+131.6% of AUM) and VLUE the largest outflow (−49.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$17.65B	+11.0%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$17.07B	+2.2%
3	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$15.65B	+2.4%
4	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$15.34B	+3.2%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.94B	+15.1%
6	DRAM	Roundhill Memory ETF	Other	+$14.84B	+61.1%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$10.3B	+10.3%
8	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.99B	+9.9%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$9.92B	+22.7%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$8.54B	+5.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$2.07B	+131.6%
2	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.2B	+98.1%
3	DRAM	Roundhill Memory ETF	Other	+$14.84B	+61.1%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.33B	+56.6% ⚠
5	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.13B	+55.4% ⚠
6	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$792M	+54.6% ⚠
7	FLKR	Franklin FTSE South Korea ETF	Other	+$710M	+53.6%
8	CBOX		Other	+$575M	+47.9%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$8.06B	+46.4%
10	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$528M	+44.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$10.53B	-1.1%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.86B	-49.8%
3	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.8B	-10.2%
4	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$3.76B	-27.0%
5	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$3.38B	-4.1%
6	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.48B	-12.9%
7	IAU	iShares Gold Trust	Commodity Gold	-$2.3B	-3.7%
8	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.92B	-21.3%
9	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$1.79B	-1.7%
10	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.73B	-12.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.86B	-49.8%
2	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$978M	-43.9%
3	NASA	Tema Space Innovators ETF	Equity Thematic	-$461M	-38.2%
4	TAN	Invesco Solar ETF	Other	-$524M	-33.9%
5	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$601M	-31.5%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.26B	-29.1%
7	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$3.76B	-27.0%
8	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$274M	-21.8%
9	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.92B	-21.3%
10	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$477M	-20.7%

Largest ETF fund flows across ~2626 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About XLE

Holdings Count: 21
Expense Ratio: 0.08%
Inception Date: 1998-12-16

State Street Energy Select Sector SPDR ETF
The State Street Energy Select Sector SPDR ETF (XLE) is engineered to mirror the overall return (both price appreciation and dividend income) of the Energy Select Sector Index, prior to any operational costs. This underlying index is specifically constructed to accurately reflect the performance of the energy companies within the S&P 500. The ETF grants investors precise access to businesses engaged in core energy industries, including oil, natural gas, other consumable fuels, and the associated equipment and services sectors. This focused targeting allows market participants to establish either long-term strategic allocations or short-term tactical positions within the energy space, offering a more refined exposure than conventional, broad-based investment styles.
Asset Class: Equity | ETF Website

	Title	Date
0	DASHBOARDS
1	Your Fund May Carry An Unearned Price	07/09/2026

	Title
0	ARTICLES

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
EOSE	Eos Energy Enterprises	1.2	18.8%	-68.5%
DELL	Dell Technologies	319.4	15.8%	294.6%
MLYS	Mineralys Therapeutics	2.5	13.6%	-20.0%
OABI	OmniAb	0.6	13.5%	172.4%
UAMY	United States Antimony	0.8	13.0%	5.4%
FMC	FMC	1.7	12.2%	-2.8%
KARD	Kardigan	0.6	11.8%	-0.4%
ASTS	AST SpaceMobile	18.7	11.8%	-14.1%
TARS	Tarsus Pharmaceuticals	3.6	11.8%	1.1%
WNC	Wabash National	0.6	11.4%	68.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ADBT	Advasa	0.8	-53.3%	-72.5%
CRDO	Credo Technology	30.5	-20.0%	14.8%
FCEL	FuelCell Energy	0.8	-15.7%	97.0%
MDB	MongoDB	30.2	-13.5%	-10.6%
GIII	G-III Apparel	1.2	-11.5%	-1.0%
STDN	Standard Nuclear	2.4	-11.5%	19.2%
PANW	Palo Alto Networks	263.1	-9.3%	78.3%
FRVO	Fervo Energy	2.8	-9.0%	-50.8%
CXM	Sprinklr	1.7	-8.6%	-10.7%
RPD	Rapid7	0.7	-7.8%	-27.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
CRM	Salesforce	223.0	25.0%	-2.5%
MMED	Minimed	6.7	21.9%	28.5%
OKTA	Okta	28.7	21.4%	88.7%
FMC	FMC	1.7	20.3%	-2.8%
GTLB	GitLab	8.4	20.0%	32.1%
SRPT	Sarepta Therapeutics	2.4	19.3%	7.9%
CNH	CNH Industrial	16.9	17.5%	49.5%
TARS	Tarsus Pharmaceuticals	3.6	17.1%	1.1%
FRVO	Fervo Energy	2.8	16.5%	-50.8%
CNXC	Concentrix	2.0	16.2%	-19.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ADBT	Advasa	0.8	-68.2%	-72.5%
ALMS	Alumis	1.3	-56.2%	6.0%
TRON	Tron	0.7	-27.9%	25.0%
LPTH	LightPath Technologies	0.6	-27.6%	-11.7%
CRDO	Credo Technology	30.5	-27.1%	14.8%
PCG	PG&E	29.4	-26.8%	-16.6%
EIX	Edison International	21.2	-25.9%	-4.4%
FCEL	FuelCell Energy	0.8	-24.5%	97.0%
NXTT	Next Technology	0.8	-20.0%	-10.0%
ENOV	Enovis	1.2	-20.0%	-24.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NXTT	Next Technology	0.8	552.6%	-10.0%
MRNA	Moderna	60.0	164.6%	411.4%
OABI	OmniAb	0.6	152.0%	172.4%
CAPR	Capricor Therapeutics	0.6	137.2%	-65.7%
QMCO	Quantum	0.5	99.0%	253.2%
IOVA	Iovance Biotherapeutics	3.9	97.7%	215.8%
ABCL	AbCellera Biologics	3.5	86.5%	232.2%
SENS	Senseonics	0.6	84.1%	80.1%
HTFL	HeartFlow	4.3	83.3%	71.5%
STDN	Standard Nuclear	2.4	74.3%	19.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ALMS	Alumis	1.3	-61.8%	6.0%
IESC	IES	12.1	-50.7%	-22.2%
UTI	Universal Technical Institute	1.2	-50.5%	-19.9%
LASR	nLight	2.2	-49.0%	5.0%
PLTK	Playtika	0.9	-44.8%	-43.3%
CDNL	Cardinal Infrastructure	0.6	-44.6%	46.6%
YSS	York Space Systems	1.1	-43.4%	-74.2%
LINC	Lincoln Educational Services	0.8	-42.6%	2.5%
RXT	Rackspace Technology	0.8	-41.6%	210.0%
AADX	Applied Aerospace & Defense	1.8	-40.6%	-35.8%

Peer Comparisons

Peers to compare with:

Profile

	XLE	VGT	XLK	XLF	XLV	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	40.5	160.2	123.1	55.3	44.1	32.9	49.7
Expense Ratio	0.08%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	32.93	4.63	10.84	33.53	9.94	7.41	10.39
Latest Day Volume (Mil)	7.08	0.98	2.20	5.18	1.92	1.77	2.06
Holdings Count	21	310	73	76	60	83	74
Inception Date	12/16/1998	1/26/2004	12/16/1998	12/16/1998	12/16/1998	12/16/1998	-

Fundamentals

	XLE	VGT	XLK	XLF	XLV	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Net Asset Value	62.27	120.08	188.71	57.90	171.63	178.85	-
Premium/Discount	4.5%	-0.8%	-2.7%	-0.4%	0.8%	-3.4%	-0.6%
Distribution Yield	2.3%	0.4%	0.4%	1.4%	1.5%	1.2%	1.3%
Sales Yield	58.3%	65.9%	102.3%	29.2%	59.0%	33.6%	58.6%
Earnings Yield	5.7%	8.9%	13.1%	6.3%	3.0%	3.6%	6.0%

Valuation

	XLE	VGT	XLK	XLF	XLV	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
P/S (TTM)	1.7x	1.5x	1.0x	3.4x	1.7x	3.0x	1.7x
P/E (TTM)	17.6x	11.3x	7.6x	15.9x	33.1x	27.8x	16.8x
P/FCF (TTM)	17.0x	5.4x	3.3x	33.8x	23.1x	27.4x	20.1x
Forward P/E	14.7x	4.5x	2.8x	15.0x	18.5x	23.0x	14.9x
Forward P/S	1.6x	1.2x	0.8x	3.3x	1.6x	2.7x	1.6x

Risk

	XLE	VGT	XLK	XLF	XLV	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	21.8%	24.7%	26.2%	14.6%	16.0%	17.1%	19.5%
Volatility (3Y)	21.8%	24.6%	25.1%	16.1%	14.7%	16.7%	19.3%
Volatility (5Y)	25.7%	25.9%	25.9%	18.4%	15.1%	17.6%	22.0%
Beta (1Y)	-0.30	1.69	1.74	0.61	0.29	0.95	0.78
Beta (3Y)	0.46	1.49	1.49	0.78	0.46	0.91	0.85
Beta (5Y)	0.58	1.41	1.39	0.86	0.54	0.88	0.87
Sharpe Ratio (1Y)	1.88	1.45	1.46	0.65	1.59	0.95	1.46
Sharpe Ratio (3Y)	0.84	1.22	1.17	1.25	0.76	1.11	1.14
Sharpe Ratio (5Y)	1.03	0.78	0.81	0.61	0.50	0.74	0.76
Max Drawdown (1Y)	-15.6%	-16.4%	-16.0%	-14.8%	-10.5%	-12.2%	-15.2%
Max Drawdown (3Y)	-20.1%	-27.2%	-25.7%	-15.5%	-17.1%	-18.5%	-19.3%
Max Drawdown (5Y)	-26.0%	-35.1%	-33.6%	-25.8%	-17.1%	-21.6%	-25.9%

Returns

	XLE	VGT	XLK	XLF	XLV	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
1M Return	11.2%	-0.8%	-1.8%	-0.4%	6.7%	-7.3%	-0.6%
3M Return	10.9%	-3.7%	-6.4%	13.3%	17.2%	-0.7%	5.1%
6M Return	16.6%	30.3%	31.5%	12.5%	10.6%	-1.5%	14.6%
YTD Return	46.6%	26.7%	27.7%	5.8%	12.2%	11.7%	19.5%
1Y Return	47.3%	38.8%	41.9%	8.9%	27.4%	16.0%	33.1%
2Y Return	53.4%	68.9%	69.2%	31.9%	14.4%	37.1%	45.3%
3Y Return	61.4%	125.2%	119.9%	76.3%	35.4%	67.6%	71.9%

Short Interest

Short Interest: As Of Date	8142026
Short Interest: Shares Quantity	66.2 Mil
Short Interest: % Change Since 7312026	9.1%
Average Daily Volume	26.5 Mil
Days-to-Cover Short Interest	2.5 days

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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State Street Energy Select Sector SPDR ETF (XLE)

Market Price (9/3/2026): $65.2

State Street Energy Select Sector SPDR ETF (XLE)

Market Price (9/3/2026): $65.2

Key Takeaways

Price Chart

Asset Allocation with XLE

Valuation & Yield

Top 20 Holdings for XLE

Performance for XLE Top Holdings

Guidance Updates for XLE Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

XLE Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About XLE

Latest Trefis Analyses

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Top Gainers

Top Losers

Top Gainers

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Top Gainers

Top Losers

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