XES
State Street SPDR S&P Oil & Gas Equipment & Services ETF
SPDR Oil & Gas Equipment & Services ETF objective is to replicate as closely as possible the performance of the S&P Oil & Gas Equipment & Services Select Industry Index, an equal-weighted inde
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 330.0 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Jun 19, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SOLARIS OILFIELD INFRASTRUCTURE, INC. CL | 4.5 % |
| VALARIS LTD | 3.9 % |
| TRANSOCEAN LTD | 3.8 % |
| SELECT ENERGY SERVICES, INC. CLASS A | 3.8 % |
| SEADRILL LIMITED | 3.8 % |
| NOBLE CORP PLC | 3.7 % |
| OCEANEERING INTL INC | 3.7 % |
| ARCHROCK INC. | 3.6 % |
| TIDEWATER INC | 3.6 % |
| CACTUS, INC. CLASS A | 3.6 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 322 |
| Wgt avg mkt cap (mns) | $8,655 |
| Large cap (>$10bn) | 14.0% |
| Mid cap ($2-10bn) | 49.9% |
| Small cap (<$2bn) | 19.0% |
| Developed mkts. | 82.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 69.1 % |
 |
SWITZERLAND | 7.2 % |
 |
BRITAIN | 3.6 % |
 |
BERMUDA | 3.1 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 31.2% | 48.6% | 15.4% | 3.9% | 14.6% | -5.6% | -4.5% | -4.7% |
| Dividend Yield | 1.0% | 1.7% | 1.8% | 1.5% | 1.2% | 1.2% | 1.0% | 1.0% |
| Total Returns | 32.2% | 50.4% | 17.2% | 5.4% | 15.8% | -4.3% | -3.5% | -3.7% | Ann. Volatility | 30.8% | 31.1% | 35.6% | 33.6% | 38.1% | 44.8% | 42.2% | 42.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 10% |
| MSCI EAFE | 0.52 | 7% |
| MSCI Emg Mkts | 0.40 | 11% |
Liquidity Measures
| Avg. volume (000) | 72 |
| ADV traded (mns) | $8 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $115.06 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 2.22/0.63 |
| Bollinger Bands (Upper/Lower) | $124.32/$103.54 |
| Short interest (% of AUM) | 8.9% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XES |
Expenses vs. XES |
ALTAR Score™ vs. XES |
|---|---|---|---|---|
| IEZ | iShares U.S. Oil Equipment & Services ETF | 51.8% | +5 bp | +1.1% |
| OIH | VanEck Oil Services ETF | 49.7% | 0 bp | +0.8% |
| PXJ | Invesco Oil & Gas Services ETF | 47.4% | +28 bp | +0.7% |
| PSCE | Invesco S&P SmallCap Energy ETF | 32.5% | -6 bp | +8.9% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | 26.7% | +25 bp | +2.9% |
| GASZ | Corgi Natural Gas Power & Turbines ETF | 13.7% | 0 bp | +0.6% |
| USNG | Amplify Samsung U.S. Natural Gas Infrastructure ETF | 10.9% | +24 bp | +1.4% |
| FENY | Fidelity MSCI Energy Index ETF | 10.0% | -27 bp | +5.1% |
Risk and Returns: XES vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/23/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.2%
ALTAR SCORE™
14th
PERCENTILE
AVOID
ETFRC RATING
There are 1,393 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. XES's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places XES in the 14th percentile
among funds in the category.
Sell-Side Consensus
$144.68
PRICE TARGET
+38.8%
UPSIDE