TINT vs. XES

Last updated Jun 4, 2026

TINT (ProShares Smart Materials ETF) and XES (SPDR S&P Oil & Gas Equipment & Services ETF) are both Energy Equities funds - TINT tracks the Solactive Smart Materials Index - Benchmark TR Net while XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index. Both are passively managed. Over the past 3 years, TINT returned 10.12%/yr vs 19.81%/yr for XES. At a 0.46 correlation, their price movements are largely independent. TINT charges 0.58%/yr vs 0.35%/yr for XES.

Performance

TINT vs. XES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Smart Materials ETF (TINT) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINT achieves a 25.24% return, which is significantly lower than XES's 50.69% return.

TINT

• 1D: -2.01%
• 1M: 9.06%
• YTD: 25.24%
• 6M: 25.40%
• 1Y: 44.33%
• 3Y*: 10.12%
• 5Y*: —
• 10Y*: —

XES

• 1D: -0.56%
• 1M: -4.59%
• YTD: 50.69%
• 6M: 43.67%
• 1Y: 97.14%
• 3Y*: 19.81%
• 5Y*: 13.75%
• 10Y*: -2.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TINT vs. XES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINT ProShares Smart Materials ETF	25.24%	16.13%	-13.37%	20.04%	-28.14%	1.71%
XES SPDR S&P Oil & Gas Equipment & Services ETF	50.69%	5.89%	-5.44%	6.68%	62.03%	-15.08%

Correlation

The correlation between TINT and XES is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.46

The correlation between TINT and XES shifts across timeframes, from 0.34 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

TINT vs. XES - Sectors Allocation Comparison

Sectors	TINT	XES
Basic Materials	22.9%	-
Technology	10.9%	-
Industrials	4.3%	2.5%
Financial Services	3.6%	-
Healthcare	2.2%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	97.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

TINT vs. XES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TINT

TINT Risk / Return Rank: 54
TINT Sharpe Ratio Rank: 56
TINT Sortino Ratio Rank: 55
TINT Omega Ratio Rank: 54
TINT Calmar Ratio Rank: 52
TINT Martin Ratio Rank: 54

XES

XES Risk / Return Rank: 89
XES Sharpe Ratio Rank: 91
XES Sortino Ratio Rank: 85
XES Omega Ratio Rank: 79
XES Calmar Ratio Rank: 96
XES Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TINT vs. XES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TINT	XES	Difference
Sharpe ratio Return per unit of total volatility	1.88	3.23	-1.35
Sortino ratio Return per unit of downside risk	2.57	3.86	-1.29
Omega ratio Gain probability vs. loss probability	1.33	1.48	-0.15
Calmar ratio Return relative to maximum drawdown	2.54	9.93	-7.39
Martin ratio Return relative to average drawdown	9.21	26.79	-17.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TINT vs. XES - Sharpe Ratio Comparison

The current TINT Sharpe Ratio is 1.88, which is lower than the XES Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of TINT and XES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TINT	XES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	3.23	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.07	+0.17

Drawdowns

TINT vs. XES - Drawdown Comparison

The maximum TINT drawdown since its inception was -41.36%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for TINT and XES.

Drawdown Indicators

	TINT	XES	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-95.65%	+54.29%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-9.84%	-7.69%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-45.95%	+15.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-91.23%	—
Current Drawdown Current decline from peak	-2.01%	-70.90%	+68.89%
Average Drawdown Average peak-to-trough decline	-21.14%	-54.36%	+33.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	3.64%	+1.19%

Volatility

TINT vs. XES - Volatility Comparison

ProShares Smart Materials ETF (TINT) has a higher volatility of 10.66% compared to SPDR S&P Oil & Gas Equipment & Services ETF (XES) at 8.22%. This indicates that TINT's price experiences larger fluctuations and is considered to be riskier than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINT	XES	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.66%	8.22%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	19.90%	20.52%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	23.75%	30.50%	-6.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.46%	39.04%	-15.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	45.04%	-21.58%

TINT vs. XES - Expense Ratio Comparison

TINT has a 0.58% expense ratio, which is higher than XES's 0.35% expense ratio.

Dividends

TINT vs. XES - Dividend Comparison

TINT's dividend yield for the trailing twelve months is around 0.98%, less than XES's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TINT ProShares Smart Materials ETF	0.98%	1.27%	1.47%	0.99%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XES SPDR S&P Oil & Gas Equipment & Services ETF	1.12%	1.69%	1.31%	0.66%	0.36%	1.81%	1.33%	1.43%	1.14%	1.68%	0.64%	2.47%

Frequently Asked Questions

Can I hold both TINT and XES in my portfolio?

TINT and XES have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINT or XES?

TINT has higher volatility (10.66%) compared to XES (8.22%). In terms of maximum drawdown, TINT dropped -41.36% vs XES's -95.65%.

Which ETF is better, TINT or XES?

On 3-year performance, XES leads with 19.81% vs 10.12% for TINT. On fees, XES is cheaper at 0.35% per year. On volatility, XES has been the lower-risk option at 8.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINT or XES?

Over the 3-year period, XES has performed better with a 19.81% return vs 10.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINT or XES?

XES is cheaper with a 0.35% expense ratio, compared with 0.58% for TINT.

Which ETF pays a higher dividend yield, TINT or XES?

XES has the higher dividend yield at 1.12%, compared with 0.98% for TINT.

What is the main difference between TINT and XES?

TINT tracks Solactive Smart Materials Index - Benchmark TR Net, while XES tracks S&P Oil & Gas Equipment & Services Select Industry Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.58% for TINT and 0.35% for XES.

Which has better risk-adjusted returns?

XES currently has the higher Sharpe Ratio (3.23 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.