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ETFs

SPDR S&P Oil & Gas Equipment & Services ETF

XES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 19 2006
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$6,360,474
AUM
$294,112,782
Associated Index
S&P Oil & Gas Equipment & Services Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

WFRD
Weatherford International plc - Ordinary Shares - New
5.07%
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Tidewater Inc. - Ordinary Shares - New
4.98%
BKR
Baker Hughes Co - Ordinary Shares - Class A
4.94%
NE
Noble Corp Plc - Ordinary Shares - Class A
4.80%
FTI
TechnipFMC plc
4.77%
CHX
ChampionX Corporation
4.67%
VAL
Valaris Ltd
4.49%
LBRT
Liberty Energy Inc - Ordinary Shares - Class A
4.47%
RIG
Transocean Ltd
4.45%
NEX
NexTier Oilfield Solutions Inc
4.44%
Invest with XES

What is XES?

The SPDR S&P Oil & Gas Equipment & Services ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Oil & Gas Equipment & Services Select Industry Index (the Index ). The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services segment of the S&P Total Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The oil and gas equipment and services segment of the S&P TMI comprises the Oil & Gas Drilling sub-industry and the Oil & Gas Equipment & Services sub-industry. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the Select Industry Indices ), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard ( GICS ).

ETFs related toXES

ETFs correlated to XES include OIH, PXJ, IEZ

XES
SPDR Series Trust - SPDR Oil & Gas Equipment and Services ETF
OIH
VanEck ETF Trust - VanEck Oil Services ETF
PXJ
Invesco Capital Management LLC - Invesco Dynamic Oil & Gas Services ETF
IEZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil Equipment & Services ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
DIG
ProShares Trust - ProShares Ultra Energy

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXES

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with XES using Composer

FAQ

XES is a US Equities ETF. The SPDR S&P Oil & Gas Equipment & Services ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Oil & Gas Equipment & Services Select Industry Index (the Index ). The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services segment of the S&P Total Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The oil and gas equipment and services segment of the S&P TMI comprises the Oil & Gas Drilling sub-industry and the Oil & Gas Equipment & Services sub-industry. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the Select Industry Indices ), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard ( GICS ).

XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index.

No, XES is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XES is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XES is 0.0743%. This is the percent change in the value of XES over the most recent 1-month period. The 3-month return on XES is -0.0728%. This is the percent change in the value of XES over the most recent 3-month period.

The standard deviation of XES for the past year is 0.4741%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XES include XLV, XLK, and XLU.

ETFs correlated to XES include OIH, PXJ, and IEZ.

ETFs that are inversely correlated to XES include DUG, ERY, and OILD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.