- ISIN
- US78468R5494
- CUSIP
- 78468R549
- Issuer
- State Street
- Inception Date
- Jun 19, 2006
- Region
- Developed Markets (Broad)
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Oil & Gas Equipment & Services Select Industry Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Value
- Assets Under Management
- $528M
Share Price Chart
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Performance
XES Performance Chart
SPDR S&P Oil & Gas Equipment & Services ETF (XES) is up 40.7% since the beginning of the year. XES is currently trading at $115 per share. Investors who bought $1,000 worth of XES shares 5 years ago would now be looking at an investment worth $1,861.
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Returns By Period
SPDR S&P Oil & Gas Equipment & Services ETF (XES) has returned 40.73% so far this year and 73.41% over the past 12 months. Over the last ten years, XES has returned -3.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR S&P Oil & Gas Equipment & Services ETF
- 1D
- 1.32%
- 1M
- -11.23%
- YTD
- 40.73%
- 6M
- 41.57%
- 1Y
- 73.41%
- 3Y*
- 18.25%
- 5Y*
- 13.23%
- 10Y*
- -3.54%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
XES Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2006, XES's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +42.8%, while the worst month was Mar 2020 at -57.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 7 months.
On a daily basis, XES closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +19.6%, while the worst single day was Mar 9, 2020 at -33.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 20.76% | 14.20% | 3.20% | 11.57% | -7.19% | -4.51% | 40.73% | ||||||
| 2025 | 1.33% | -7.12% | -3.49% | -19.79% | 4.75% | 6.42% | 5.23% | 5.83% | 2.93% | 11.76% | 0.40% | 1.36% | 5.89% |
| 2024 | -3.46% | 0.42% | 13.86% | -4.91% | 5.90% | -2.79% | 8.40% | -12.01% | -6.45% | -4.12% | 10.77% | -7.65% | -5.44% |
| 2023 | 9.81% | -2.62% | -11.73% | -1.90% | -9.05% | 16.72% | 20.72% | -1.45% | 3.15% | -8.69% | -4.49% | 1.41% | 6.68% |
| 2022 | 17.70% | 10.33% | 17.01% | -6.50% | 9.41% | -22.17% | 7.19% | -1.67% | -12.18% | 42.30% | 0.20% | 1.48% | 62.03% |
| 2021 | 7.74% | 19.46% | -6.59% | -5.13% | 16.14% | 5.74% | -14.51% | -2.74% | 5.76% | 5.09% | -15.74% | 2.68% | 12.00% |
Benchmark Metrics
SPDR S&P Oil & Gas Equipment & Services ETF has an annualized alpha of -9.05%, beta of 1.38, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since June 22, 2006.
- This ETF participated in 157.69% of S&P 500 Index downside but only 112.39% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -9.05%
- Beta
- 1.38
- R²
- 0.41
- Upside Capture
- 112.39%
- Downside Capture
- 157.69%
Expense Ratio
XES has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XES ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XES | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 2.78 | +2.13 |
| Martin ratioReturn relative to average drawdown | 17.76 | 12.44 | +5.32 |
Dividends
Dividend History
SPDR S&P Oil & Gas Equipment & Services ETF provided a 1.48% dividend yield over the last twelve months, with an annual payout of $1.69 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.69 | $1.38 | $1.04 | $0.56 | $0.29 | $0.89 | $0.60 | $1.16 | $1.03 | $2.87 | $1.44 | $4.34 |
Dividend yield | 1.48% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Oil & Gas Equipment & Services ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.31 | $0.63 | ||||||
| 2025 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.31 | $1.38 |
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.28 | $1.04 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.89 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Oil & Gas Equipment & Services ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P Oil & Gas Equipment & Services ETF was 95.65%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current SPDR S&P Oil & Gas Equipment & Services ETF drawdown is 72.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -95.65%Mar 2020 | 11y 9mo | — | 18y 3dJun 2008 - now |
2006 bear market2006 | -20.51%Oct 2006 | 3mo | 2mo 12d | 5mo 12dJul 2006 - Dec 2006 |
Financial crisis2007–2009 | -17.98%Feb 2008 | 1mo 3d | 2mo 8d | 3mo 11dJan 2008 - Apr 2008 |
2007 correction2007 | -15.62%Jan 2007 | 27d | 2mo 14d | 3mo 11dDec 2006 - Mar 2007 |
2007 correction2007 | -13.81%Aug 2007 | 23d | 1mo 4d | 1mo 27dJul 2007 - Sep 2007 |
Drawdown Indicators
| XES | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -56.78% | -38.87% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -9.10% | -5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -45.95% | -18.90% | -27.05% |
Max Drawdown (5Y)Largest decline over 5 years | -45.95% | -25.43% | -20.52% |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | -33.92% | -57.31% |
Current DrawdownCurrent decline from peak | -72.82% | -1.80% | -71.02% |
Average DrawdownAverage peak-to-trough decline | -54.39% | -10.71% | -43.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.03% | +2.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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