SPDR S&P Oil & Gas Equipment & Services ETF (XES) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XES. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XES
XES charges 0.35% annually. There are 9 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.64B | Dec 1998 | XES vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.75B | Oct 2013 | XES vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.00B | Sep 2004 | XES vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 416.91M | Nov 2025 | XES vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | XES vs GXPE |
Best Risk-Adjusted Alternatives to XES
XES has a PortfoliosLab risk / return rank of 85. There are 7 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 95 | 251.28M | Aug 2015 | XES vs CRAK | |
| FT Energy Income Partners Strategy ETF | 93 | 563.46M | Nov 2022 | XES vs EIPX | |
| Invesco Dynamic Oil & Gas Services ETF | 92 | 61.59M | Oct 2005 | XES vs PXJ | |
| VanEck Natural Resources ETF | 91 | 301.41M | Aug 2008 | XES vs HAP | |
| State Street Energy Select Sector SPDR Premium Inc... | 89 | 47.69M | Jul 2025 | XES vs XLEI |
Top Performing XES Alternatives (YTD)
XES is at 36.38% YTD. There are 10 ETFs in the Energy Equities category with higher YTD returns, going as high as 95.09%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 95.09% | 65.33M | Nov 2021 | XES vs OILU | |
| Direxion Daily Energy Bull 2X Shares | 71.01% | 228.84M | Nov 2008 | XES vs ERX | |
| Direxion Daily Energy Top 5 Bull 2X ETF | 61.53% | 2.82M | Oct 2025 | XES vs TEXU | |
| WEBs Energy XLE Defined Volatility ETF | 50.61% | — | Jul 2025 | XES vs DVXE | |
| VanEck Oil Refiners ETF | 47.28% | 251.28M | Aug 2015 | XES vs CRAK |
Lowest Volatility Alternatives to XES
XES has 30.74% 1-year volatility. There are 69 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Solar ETF | 0.00% | 5.05M | Sep 2021 | XES vs RAYS | |
| Macquarie Global Listed Infrastructure ETF | 11.00% | 6.30M | Nov 2023 | XES vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.44% | 563.46M | Nov 2022 | XES vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.58% | 1.31B | Nov 2022 | XES vs BKGI | |
| TrueShares Eagle Global Next Gen Power Infrastruct... | 12.56% | 5.84M | Dec 2022 | XES vs PWRZ |
Lowest Drawdown Alternatives to XES
XES has a 1-year max drawdown of -21.48%. There are 57 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 563.46M | Nov 2022 | XES vs EIPX | |
| Westwood Salient Enhanced Midstream Income ETF | -5.98% | 152.76M | Apr 2024 | XES vs MDST | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | XES vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.31B | Nov 2022 | XES vs BKGI | |
| Tortoise Electrification Infrastructure ETF | -6.63% | 129.10M | Dec 2024 | XES vs TPZ |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $789B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 67 | 10.13% | 789.06B | Jan 1993 | XES vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 30 | -6.25% | 130.32B | Nov 2004 | XES vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 55 | 22.09% | 115.56B | Dec 1998 | XES vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 43 | 10.06% | 51.09B | Sep 2000 | XES vs SPYG | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 68 | 10.15% | 160.81B | Nov 2005 | XES vs SPYM | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 78 | 16.95% | 8.75B | Oct 2015 | XES vs SPYD | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 31 | -6.13% | 27.37B | Jun 2018 | XES vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 21 | 5.28% | 23.07B | Dec 1998 | XES vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 2.08% | 47.03B | May 2007 | XES vs BIL | |
| State Street Health Care Select Sector SPDR ETF | Health & Biotech Equities | 72 | 5.90% | 42.10B | Dec 1998 | XES vs XLV |
Often Compared With XES
Investors most often compare XES with OIH, IEZ, PSCE. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare XES with Any Fund or Stock
Compare XES with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XES with funds that move differently
SPDR S&P Oil & Gas Equipment & Services ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XES.
Explore XES Diversifiers