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 7 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% | 36.84B | Dec 1998 | XES vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.90B | Oct 2013 | XES vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.80B | Sep 2004 | XES vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 526.25M | 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 82. There are 4 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 91 | 7.93M | May 2025 | XES vs USNG | |
| Invesco Dynamic Oil & Gas Services ETF | 87 | 126.14M | Oct 2005 | XES vs PXJ | |
| Bastion Energy ETF | 84 | — | Jun 2025 | XES vs BESF | |
| FT Energy Income Partners Strategy ETF | 83 | 518.62M | Nov 2022 | XES vs EIPX | |
| VanEck Natural Resources ETF | 75 | 320.59M | Aug 2008 | XES vs HAP |
Top Performing XES Alternatives (YTD)
XES is at 39.22% YTD. There is 1 ETF in the Energy Equities category with a higher YTD return, going as high as 42.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Oil & Gas Services ETF | 42.12% | 126.14M | Oct 2005 | XES vs PXJ | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 36.17% | 7.93M | May 2025 | XES vs USNG | |
| VanEck Oil Services ETF | 35.03% | 2.12B | Dec 2011 | XES vs OIH | |
| WEBs Energy XLE Defined Volatility ETF | 34.11% | — | Jul 2025 | XES vs DVXE | |
| iShares U.S. Oil Equipment & Services ETF | 33.32% | 596.50M | May 2006 | XES vs IEZ |
Lowest Volatility Alternatives to XES
XES has 31.19% 1-year volatility. There are 56 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 10.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Macquarie Global Listed Infrastructure ETF | 10.86% | 6.30M | Nov 2023 | XES vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.17% | 518.62M | Nov 2022 | XES vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.64% | 1.14B | Nov 2022 | XES vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.45% | 152.76M | Apr 2024 | XES vs MDST | |
| NEOS MLP & Energy Infrastructure High Income ETF | 13.05% | 657.68M | Dec 2025 | XES vs MLPI |
Lowest Drawdown Alternatives to XES
XES has a 1-year max drawdown of -15.03%. There are 37 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% | 518.62M | Nov 2022 | XES vs EIPX | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | XES vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.14B | Nov 2022 | XES vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | -6.74% | 152.76M | Apr 2024 | XES vs MDST | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | -6.82% | 7.93M | May 2025 | XES vs USNG |
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 $765B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 59 | 8.15% | 765.27B | Jan 1993 | XES vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 22 | -4.79% | 138.96B | Nov 2004 | XES vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 66 | 28.25% | 130.33B | Dec 1998 | XES vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 45 | 8.70% | 52.13B | Sep 2000 | XES vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 47 | 12.56% | 7.30B | Oct 2015 | XES vs SPYD | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 22 | -4.72% | 28.75B | Jun 2018 | XES vs GLDM | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 59 | 8.21% | 148.87B | Nov 2005 | XES vs SPYM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 27 | 6.99% | 22.62B | Dec 1998 | XES vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 1.67% | 46.54B | May 2007 | XES vs BIL | |
| State Street Financial Select Sector SPDR ETF | Financials Equities | 15 | -0.77% | 51.89B | Dec 1998 | XES vs XLF |
Often Compared With XES
Investors most often compare XES with PSCE, USO, XPRO. 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