XES
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
196.2 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 19, 2006 |
| Assets (mns) | $196 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FRANK'S INTERNATIONAL NV | 37.2 % |
| TECHNIPFMC PLC | 5.9 % |
| BAKER HUGHES COMPANY CLASS A | 5.8 % |
| ARCHROCK INC. | 5.5 % |
| CACTUS, INC. CLASS A | 5.2 % |
| HELMERICH & PAYNE | 4.9 % |
| SCHLUMBERGER LTD | 4.8 % |
| HALLIBURTON CO | 4.7 % |
| APERGY CORP. | 4.7 % |
| LIBERTY OILFIELD SERVICES INC. CLASS A | 4.6 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 1,821 |
| Wgt avg mkt cap (mns) | $18,144 |
| Large cap (>$10bn) | 47.9% |
| Mid cap ($2-10bn) | 35.9% |
| Small cap (<$2bn) | 14.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 69.0 % |
 |
NETHERLANDS | 37.2 % |
 |
SWITZERLAND | 8.3 % |
 |
BRITAIN | 5.9 % |
 |
BERMUDA | 1.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.4% | 3.8% | 5.4% | 22.1% | 6.0% | -10.6% | -5.7% | Volatility | 28.4% | 28.7% | 32.7% | 39.3% | 52.2% | 46.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 19% |
| MSCI EAFE | 0.98 | 17% |
| MSCI Emg Mkts | 0.36 | 2% |
Liquidity Measures
| Avg. volume (000) | 46 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $1,787 |
Technical Indicators
| Recent close | $75.03 |
| 30d moving avg. | $83.57 |
| Annualized volatility | 41.2% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 1.8% |
| Short interest (underlying) | 5.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XES |
Expenses vs. XES |
ALTAR Score™ vs. XES |
|---|---|---|---|---|
| PXJ | Invesco Oil & Gas Services ETF | 95.8% | +28 bp | +1.4% |
| OIH | VanEck Oil Services ETF | 71.7% | 0 bp | +2.8% |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 65.6% | +5 bp | +2.6% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | 18.7% | +25 bp | +7.4% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 14.2% | +5 bp | +8.0% |
| FENY | Fidelity MSCI Energy Index ETF | 11.9% | -27 bp | +7.9% |
| VDE | Vanguard Energy ETF | 11.4% | -25 bp | +7.6% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 11.3% | +25 bp | +9.6% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XES
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
XES
-0.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. XES's ALTAR Score™ is approximately
2.3 standard deviations
below
the category average. This places XES in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XESSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| XES (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XES | 35.0 | 8.4 | 43.4 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .