XES vs. LNGX
XES (SPDR S&P Oil & Gas Equipment & Services ETF) and LNGX (Global X U.S. Natural Gas ETF) are both Energy Equities funds - XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index while LNGX tracks the Global X U.S. Natural Gas Index. Both are passively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. XES charges 0.35%/yr vs 0.45%/yr for LNGX.
Performance
XES vs. LNGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XES achieves a 36.38% return, which is significantly higher than LNGX's 22.02% return.
XES
- 1D
- 3.09%
- 1M
- 4.23%
- 6M
- 12.93%
- YTD
- 36.38%
- 1Y
- 76.64%
- 3Y*
- 7.20%
- 5Y*
- 17.17%
- 10Y*
- -2.88%
- ALL TIME*
- -3.56%
LNGX
- 1D
- 1.79%
- 1M
- 8.11%
- 6M
- 12.58%
- YTD
- 22.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $559.43K | $459.98K | $618.90K | |
| $5.46M | $8.52M | $12.51M |
XES vs. LNGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 36.38% | 4.57% |
LNGX Global X U.S. Natural Gas ETF | 22.02% | 5.29% |
Correlation
The correlation between XES and LNGX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025 | 0.55 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XES vs. LNGX — Risk / Return Rank
XES
LNGX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XES vs. LNGX - 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 U.S. Natural Gas ETF (LNGX). 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.
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 | LNGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | — | — |
| Martin ratioReturn relative to average drawdown | 10.31 | — | — |
Loading charts...
Drawdowns
XES vs. LNGX - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, which is greater than LNGX's maximum drawdown of -17.89%. Use the drawdown chart below to compare losses from any high point for XES and LNGX.
Loading charts...
Drawdown Indicators
| XES | LNGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -17.89% | -77.76% |
Max Drawdown (1Y)Largest decline over 1 year | -21.48% | — | — |
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 | -73.66% | -10.22% | -63.44% |
Average DrawdownAverage peak-to-trough decline | -54.50% | -6.42% | -48.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | — | — |
Volatility
XES vs. LNGX - Volatility Comparison
Loading charts...
Volatility by Period
| XES | LNGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.74% | 25.06% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.63% | 25.06% | +13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.85% | 25.06% | +19.79% |
XES vs. LNGX - Expense Ratio Comparison
XES has a 0.35% expense ratio, which is lower than LNGX's 0.45% expense ratio.
Dividends
XES vs. LNGX - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.17%, more than LNGX's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNGX Global X U.S. Natural Gas ETF | 0.81% | 0.27% | 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 | 1.17% | 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 LNGX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XES is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XES is cheaper with a 0.35% expense ratio, compared with 0.45% for LNGX.
XES has the higher dividend yield at 1.17%, compared with 0.81% for LNGX.
XES tracks S&P Oil & Gas Equipment & Services Select Industry Index, while LNGX tracks Global X U.S. Natural Gas Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.35% for XES and 0.45% for LNGX.
Find the right allocation for XES and LNGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer