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IYE vs XLE

iShares U.S. Energy ETF

IYEBNYSE Arca

State Street Energy Select Sector SPDR ETF

XLEANYSE Arca

Overlap

Expense ratio

XLE −0.29pt a year

IYE0.37%XLE0.08%

Avg volume · 30D

XLE 35.0×the volume

IYE865KXLE30.2M

10Y return · a year

XLE +1.1pt

IYE+10.8%XLE+11.9%

IYE vs XLE Performance

Oct 29, 2021 – Oct 30, 2026

+171.7%IYE+190.1%XLE

Oct 29, 2021 to Oct 30, 2026. IYE +171.7%. XLE +190.1%. Use the arrow keys to read each point.0%50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
IYE 0.37%
XLE 0.08%, better
Fund size
IYE $1.85B
XLE $45.3B
1Y total return
IYE +61.3%
XLE +63.4%, better
Yield (12M)
IYE 1.83%
XLE 2.18%, better
Holdings
IYE 42
XLE 24
Avg volume (30D)
IYE 865K sh
XLE 30.2M sh, better
NAV per share
IYE $73.77
XLE $68.72
52W range

ETF.net Grade

IYE: Cost 65, Risk 54, Mission not scored, Tradability 86, Holdings 24, Durability 81. XLE: Cost 98, Risk 54, Mission not scored, Tradability 97, Holdings 37, Durability 88.
Pillar letters and Scores for IYE, XLE, with each pillar’s weight
PillarIYEXLE
Cost30% weightB65A98Higher
Mission25% weightNot scoredNot scored
Risk15% weightC54C54
Tradability15% weightA86A97Higher
Holdings10% weightF24D37Higher
Durability5% weightA81A88Higher

Rank among Energy (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IYE and XLE are both graded against the same 24 Energy (Broad) funds, so their Grades compare head to head.

Energy (Broad)⁠

Category · 24 funds
See all 24 ›

XLE ranks 1st and IYE 5th of 24 funds in the Energy (Broad) Category.

  1. Rank 1AXLEState Street Energy Select Sector SPDR ETFScore 80
  2. Rank 2AFENYFidelity MSCI Energy Index ETFScore 77
  3. Rank 4BENFRAlerian Energy Infrastructure ETFScore 65
  4. Rank 5BIYEiShares U.S. Energy ETFScore 62
  5. Rank 5BRSPGInvesco S&P 500 Equal Weight Energy ETFScore 62

Our read on each fund

ETF.net Research

IYEBiShares U.S. Energy ETF

XLEAState Street Energy Select Sector SPDR ETF

In short

IYE One of the first US sector ETFs, live since 2000. It tracks the energy corner of the Russell 1000, so mid-size drillers and refiners ride along with the oil majors, and index caps stop any one name from running the show.

XLE The 1998 original and still the default way to trade US energy: XLE holds only the oil, gas and oilfield services names inside the S&P 500, capped-weighted, for 0.08% a year.

Stated mandate

IYE The fund aims to follow an index made up of U.S. companies from the energy sector.

XLE The fund seeks to provide investment results that generally track the price and yield performance of the Energy Select Sector Index before expenses.

Why people hold it

  • IYE Live since June 2000, one of the first wave of US sector ETFs. A billion-dollar fund, actively traded, paying quarterly.
  • Index rules cap any single company at 22.5% and hold all 4.5%-plus names to 45% combined, so the majors cannot swallow the portfolio.ftserussell.comishares.com
  • Built off the Russell 1000, so the roster reaches past the mega-cap majors into mid-size producers, refiners and pipeline owners.ishares.com
  • Costs 0.37% a year, with no fee waiver propping that up, and that sits below the median fee in broad energy.
  • XLE 0.08% a year against a 0.45% median for broad energy funds. It ties the cheapest in its group (FENY) and undercuts VDE.
  • Launched December 1998 as one of the first sector ETFs. Today a multi-billion-dollar fund and one of the most heavily traded in its category.
  • Clean pure play: oil, gas and consumable fuels plus energy equipment and services drawn from the S&P 500. No utilities riding along.ssga.com
  • Pays quarterly, and a deep listed options market sits around it for hedging or covered-call work.barchart.com

Worth knowing

  • IYE 0.37% is several times what the big index rivals ask: XLE at 0.08%, FENY at 0.084%, VDE at 0.09%.
  • About 40 holdings in oil and gas production and distribution, so a few giants drive the ride even with the index caps in place.ishares.com
  • A single-sector fund that moves with oil and gas, which can mean sharper swings than a whole-market fund.ishares.com
  • XLE A short roster by design, with the integrated majors carrying most of the weight. The index caps weights at each quarterly rebalance so no single stock runs away.spglobal.comssga.com
  • Large-cap US only. Small caps, midstream partnerships and overseas majors sit outside the mandate; FENY and VDE cast a wider net.ssga.com
  • One sector tied to one commodity complex: results move with crude and gas prices, in wider swings than a diversified index.ssga.com

Full IYE profile⁠

Full XLE profile⁠

IYE vs XLE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IYE vs XLE Cost

Overpaying IYE vs XLE

$5,824

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IYE 0.37%

    $7,513

  • XLE 0.08%

    $1,689

$10,000
30 years

Cost over time

  • IYE 0.37%
  • XLE 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530IYE $7,513XLE $1,689

Year by year

YearIYEXLEOverpaying
10$670$147$523
20$2,590$575$2,015
30$7,513$1,689$5,824

Expense ratio

  • 0.37%IYE
  • 0.08%XLE, cheaper
  • Middle half of Energy (Broad) funds
  • Median 0.46%

XLE cheapest of 24 funds

IYE 8th cheapest of 24 funds

IYE vs XLE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IYE 1.83%
XLE 2.18%, better
Payout (12M)
IYE $1.35
XLE $1.52
Last payment
IYE $0.39
XLE $0.38
Ex-dividend
IYE Sep 15, 2026
XLE Sep 21, 2026
Paid on
IYE Sep 18, 2026
XLE Sep 23, 2026
Frequency
IYE Quarterly
XLE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IYEQuarterly · 39 paymentsAll IYE payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.22; Jun 27, 2017 $0.21; Sep 26, 2017 $0.43; Dec 19, 2017 $0.20; Mar 22, 2018 $0.28; Jun 26, 2018 $0.23; Sep 26, 2018 $0.24; Dec 17, 2018 $0.23; Mar 20, 2019 $0.27; Jun 17, 2019 $0.27; Sep 24, 2019 $0.28; Dec 16, 2019 $1.31; Mar 25, 2020 $0.26; Jun 15, 2020 $0.22; Sep 23, 2020 $0.27; Dec 14, 2020 $0.21; Mar 25, 2021 $0.12; Jun 10, 2021 $0.20; Sep 24, 2021 $0.30; Dec 13, 2021 $0.28; Mar 24, 2022 $0.33; Jun 9, 2022 $0.34; Sep 26, 2022 $0.48; Dec 13, 2022 $0.41; Mar 23, 2023 $0.38; Jun 7, 2023 $0.25; Sep 26, 2023 $0.33; Dec 20, 2023 $0.36; Mar 21, 2024 $0.30; Jun 11, 2024 $0.30; Sep 25, 2024 $0.35; Dec 17, 2024 $0.31; Mar 18, 2025 $0.33; Jun 16, 2025 $0.30; Sep 16, 2025 $0.38; Dec 16, 2025 $0.34; Mar 17, 2026 $0.31; Jun 15, 2026 $0.31; Sep 15, 2026 $0.39. Use the arrow keys to read each point.$0$12017202020232026YTD
XLEQuarterly · 40 paymentsAll XLE payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.21; Jun 16, 2017 $0.22; Sep 15, 2017 $0.43; Dec 15, 2017 $0.23; Mar 16, 2018 $0.24; Jun 15, 2018 $0.26; Sep 21, 2018 $0.26; Dec 21, 2018 $0.27; Mar 15, 2019 $0.26; Jun 21, 2019 $0.29; Sep 20, 2019 $0.28; Dec 20, 2019 $0.30; Dec 30, 2019 $0.90; Mar 23, 2020 $0.28; Jun 22, 2020 $0.25; Sep 21, 2020 $0.27; Dec 21, 2020 $0.26; Mar 22, 2021 $0.26; Jun 21, 2021 $0.27; Sep 20, 2021 $0.30; Dec 20, 2021 $0.35; Mar 21, 2022 $0.35; Jun 21, 2022 $0.41; Sep 19, 2022 $0.42; Dec 19, 2022 $0.43; Mar 20, 2023 $0.40; Jun 20, 2023 $0.35; Sep 18, 2023 $0.34; Dec 18, 2023 $0.40; Mar 18, 2024 $0.37; Jun 24, 2024 $0.36; Sep 23, 2024 $0.36; Dec 23, 2024 $0.35; Mar 24, 2025 $0.36; Jun 23, 2025 $0.36; Sep 22, 2025 $0.37; Dec 22, 2025 $0.37; Mar 23, 2026 $0.39; Jun 22, 2026 $0.38; Sep 21, 2026 $0.38. Use the arrow keys to read each point.$0$12017202020232026YTD

IYE vs XLE Risk

Fall from peak · 5 years

  • IYE
  • XLE
Oct 29, 2021 to Oct 30, 2026. Worst fall: XLE −26.1% · Jul 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
IYE 20.9%, betterXLE 21.3%
Return per unit of riskSharpe ratio, 3 years
IYE 0.82XLE 0.82Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
IYE −25.6%, betterXLE −26.1%
Market sensitivityBeta, 5 years
IYE 0.48XLE −0.02

IYE and XLE in the news

All news⁠

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