Average Daily Volume
68.7K
Fund Overview
The SPDR S&P Oil & Gas Equipment & Services ETF (XES) is an exchange-traded fund that seeks to provide investment results that correspond to the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. This index comprises companies in the oil and gas equipment and services sector, which includes firms involved in drilling, equipment manufacturing, and related services. XES offers investors exposure to a niche segment of the energy market, focusing on the infrastructure and service providers that support oil and gas exploration and production. The fund is designed for those looking to capitalize on trends in energy demand and the cyclical nature of the oil and gas industry.
- Asset Class
-
Equity
- Industry
-
Oil Equipment & Services
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.63 %
- Currency Hedged
-
No
- Portfolio Turnover
-
39 %
- Dividend Date
-
Why Invest in the XES ETF?
Potential Benefits
- Provides targeted exposure to the oil and gas equipment and services sector, which can benefit from increased energy demand.
- Diversifies within the energy sector by focusing on service providers rather than producers.
- Liquidity and transparency as an ETF, allowing for easy trading throughout the day.
- Lower expense ratio compared to some actively managed energy funds.
- Potential for capital appreciation during periods of rising oil prices or increased drilling activity.
Potential Risks
- Highly sensitive to fluctuations in oil and gas prices, which can be volatile.
- Concentration risk due to focus on a single industry segment.
- Exposure to geopolitical risks and regulatory changes affecting the energy sector.
- Cyclical nature of the industry can lead to periods of underperformance.
- Limited diversification outside the oil and gas equipment and services sector.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+20.8%
|
+14.2%
|
+3.2%
|
+11.6%
|
-7.2%
|
-6.7%
|
-0.8%
|
+9.9%
|
-11.8%
|
+3.8%
|
-
|
-
|
| 2025 |
+1.3%
|
-7.1%
|
-3.5%
|
-19.8%
|
+4.8%
|
+6.5%
|
+5.2%
|
+5.8%
|
+2.9%
|
+11.8%
|
+0.4%
|
+1.4%
|
| 2024 |
-3.5%
|
+0.4%
|
+13.9%
|
-4.9%
|
+5.9%
|
-2.8%
|
+8.4%
|
-12.0%
|
-6.4%
|
-4.1%
|
+10.8%
|
-7.7%
|
| 2023 |
+9.8%
|
-2.6%
|
-11.7%
|
-1.9%
|
-9.1%
|
+16.7%
|
+20.7%
|
-1.5%
|
+3.2%
|
-8.7%
|
-4.5%
|
+1.4%
|
| 2022 |
+17.7%
|
+10.3%
|
+17.0%
|
-6.5%
|
+9.4%
|
-22.2%
|
+7.2%
|
-1.7%
|
-12.2%
|
+42.3%
|
+0.2%
|
+1.5%
|
| 2021 |
+7.7%
|
+19.5%
|
-6.6%
|
-5.1%
|
+16.1%
|
+5.7%
|
-14.5%
|
-2.7%
|
+5.8%
|
+5.1%
|
-15.7%
|
+2.7%
|
| 2020 |
-19.4%
|
-17.6%
|
-57.2%
|
+28.8%
|
+11.2%
|
+2.3%
|
+3.1%
|
+1.3%
|
-18.8%
|
-2.1%
|
+42.8%
|
+15.0%
|
| 2019 |
+21.6%
|
+3.6%
|
+1.9%
|
-3.5%
|
-22.6%
|
+11.7%
|
-4.0%
|
-22.2%
|
+1.1%
|
-7.5%
|
+2.2%
|
+18.8%
|
| 2018 |
+2.3%
|
-16.3%
|
-0.6%
|
+17.2%
|
+1.3%
|
-1.8%
|
+0.5%
|
-4.8%
|
+3.1%
|
-18.7%
|
-12.7%
|
-23.8%
|
| 2017 |
+0.5%
|
-4.7%
|
-6.1%
|
-11.6%
|
-9.5%
|
-3.5%
|
-1.0%
|
-11.9%
|
+24.4%
|
-6.8%
|
+2.5%
|
+8.5%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
AROC
|
ARCHROCK INC |
5.0 % |
|
NE
|
NOBLE CORP PLC CLASS A |
4.8 % |
|
BKR
|
BAKER HUGHES CO CLASS A |
4.7 % |
|
TDW
|
TIDEWATER INC |
4.7 % |
|
NOV
|
NOV INC |
4.7 % |
|
VAL
|
VALARIS LTD |
4.7 % |
|
SLB
|
SCHLUMBERGER LTD |
4.7 % |
|
HAL
|
HALLIBURTON CO |
4.6 % |
|
CHX
|
CHAMPIONX CORP |
4.6 % |
|
WHD
|
CACTUS INC CLASS A |
4.5 % |
Top 10 holdings shown, out of 33 total holdings.
Related ETFs: XES vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index, which includes U.S.-listed companies in the oil and gas equipment and services sector. The index is equal-weighted, meaning each constituent has a similar impact on performance, reducing concentration in any single stock. The fund primarily holds common stocks of companies involved in drilling, equipment manufacturing, and related services. XES is rebalanced quarterly to maintain its equal-weight approach and ensure proper sector representation.
Frequently Asked Questions
What types of companies are included in XES?
XES holds companies involved in oil and gas equipment manufacturing, drilling services, and related support activities for energy exploration and production.
How does XES differ from broader energy ETFs?
Unlike broad energy ETFs that include producers, refiners, and pipelines, XES focuses specifically on equipment manufacturers and service providers in the oil and gas sector.
Is XES suitable for long-term holdings?
XES can be volatile due to its sector focus; it may be more appropriate as a tactical position or for investors with a strong view on the oil services industry.
How often does XES rebalance its holdings?
XES rebalances quarterly to maintain its equal-weight allocation across all holdings in the index.
What are the tax implications of investing in XES?
Like most ETFs, XES is generally tax-efficient, but investors should consult a tax professional as sector ETFs may generate capital gains during rebalancing periods.
Industry Overview
The SPDR S&P Oil & Gas Equipment & Services ETF (XES) focuses on the oil and gas equipment and services industry, a critical segment of the broader energy sector. This industry includes companies that provide drilling equipment, maintenance services, and technology solutions for oil and gas exploration and production. Investing in XES allows exposure to the infrastructure supporting energy extraction, which can be less directly tied to commodity prices than producers but still highly cyclical. The performance of this sector is influenced by oil prices, drilling activity levels, and capital expenditures by exploration and production companies.
Alternative Comparison
Compared to its closest peer, the VanEck Oil Services ETF (OIH), XES offers a more diversified approach with its equal-weight methodology, while OIH is market-cap weighted and tends to be more concentrated in larger companies. Another alternative, the iShares U.S. Oil Equipment & Services ETF (IEZ), also follows a market-cap weighted approach but has a slightly different composition. XES may appeal to investors seeking broader exposure across small, mid, and large-cap companies in the sector.
Issuer Overview
XES is issued by State Street Global Advisors (SSGA), a leading asset manager known for its SPDR ETF lineup. SSGA is one of the largest ETF providers globally, with a strong reputation for index-based investment solutions. The firm offers a wide range of ETFs across various asset classes, including equities, fixed income, and commodities.
Conclusion
The XES ETF provides focused exposure to the oil and gas equipment and services sector, offering investors a way to participate in the energy industry's infrastructure segment. While it carries significant sector-specific risks, it can serve as a tactical allocation for those bullish on energy sector growth or looking to diversify within energy investments. As with any sector-specific ETF, investors should consider their risk tolerance and overall portfolio strategy before investing.
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