XES vs. GXPE
XES (SPDR S&P Oil & Gas Equipment & Services ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. XES charges 0.35%/yr vs 0.15%/yr for GXPE.
Performance
XES vs. GXPE - Performance Comparison
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Returns By Period
In the year-to-date period, XES achieves a 51.54% return, which is significantly higher than GXPE's 29.05% return.
XES
- 1D
- 2.58%
- 1M
- -3.51%
- YTD
- 51.54%
- 6M
- 51.49%
- 1Y
- 106.77%
- 3Y*
- 20.03%
- 5Y*
- 14.11%
- 10Y*
- -2.41%
GXPE
- 1D
- 1.13%
- 1M
- -2.07%
- YTD
- 29.05%
- 6M
- 29.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XES vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 51.54% | 20.67% |
GXPE Global X PureCap MSCI Energy ETF | 29.05% | 4.62% |
Correlation
The correlation between XES and GXPE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.66 |
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Return for Risk
XES vs. GXPE — Risk / Return Rank
XES
GXPE
XES vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) and Global X PureCap MSCI Energy ETF (GXPE). 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.
| XES | GXPE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.52 | — | — |
Sortino ratioReturn per unit of downside risk | 4.12 | — | — |
Omega ratioGain probability vs. loss probability | 1.51 | — | — |
Calmar ratioReturn relative to maximum drawdown | 11.21 | — | — |
Martin ratioReturn relative to average drawdown | 30.56 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XES | GXPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 2.06 | -2.13 |
Drawdowns
XES vs. GXPE - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, which is greater than GXPE's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for XES and GXPE.
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Drawdown Indicators
| XES | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -12.37% | -83.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -45.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | — | — |
Current DrawdownCurrent decline from peak | -70.73% | -8.39% | -62.34% |
Average DrawdownAverage peak-to-trough decline | -54.36% | -3.19% | -51.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | — | — |
Volatility
XES vs. GXPE - Volatility Comparison
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Volatility by Period
| XES | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.52% | 20.41% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.04% | 20.41% | +18.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.05% | 20.41% | +24.64% |
XES vs. GXPE - Expense Ratio Comparison
XES has a 0.35% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
XES vs. GXPE - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.12%, more than GXPE's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 0.93% | 1.20% | 0.00% | 0.00% | 0.00% | 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
XES and GXPE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.35% for XES.
XES has the higher dividend yield at 1.12%, compared with 0.93% for GXPE.
XES tracks S&P Oil & Gas Equipment & Services Select Industry Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.35% for XES and 0.15% for GXPE.
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