XES vs. NINE

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR S&P Oil & Gas Equipment & Services ETF (XES) and Nine Energy Service, Inc. (NINE).

XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006.

Performance

XES vs. NINE - Performance Comparison

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

XES vs. NINE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XES SPDR S&P Oil & Gas Equipment & Services ETF	42.33%	5.89%	-5.44%	6.68%	62.03%	12.00%	-43.38%	-9.00%	-51.00%
NINE Nine Energy Service, Inc.	2,272.00%	-69.13%	-58.21%	-81.56%	1,353.00%	-63.24%	-65.22%	-65.31%	-13.64%

Returns By Period

In the year-to-date period, XES achieves a 42.33% return, which is significantly lower than NINE's 2,272.00% return.

XES

• 1D: 0.91%
• 1M: 3.20%
• YTD: 42.33%
• 6M: 61.87%
• 1Y: 65.92%
• 3Y*: 17.22%
• 5Y*: 17.28%
• 10Y*: -2.35%

NINE

• 1D: 1,298.60%
• 1M: 1,298.60%
• YTD: 2,272.00%
• 6M: 1,197.67%
• 1Y: 625.66%
• 3Y*: 13.83%
• 5Y*: 29.52%
• 10Y*: —

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

Return for Risk

XES vs. NINE — Risk / Return Rank

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

XES

XES Risk / Return Rank: 81
XES Sharpe Ratio Rank: 85
XES Sortino Ratio Rank: 82
XES Omega Ratio Rank: 82
XES Calmar Ratio Rank: 84
XES Martin Ratio Rank: 73

NINE

NINE Risk / Return Rank: 89
NINE Sharpe Ratio Rank: 60
NINE Sortino Ratio Rank: 100
NINE Omega Ratio Rank: 100
NINE Calmar Ratio Rank: 97
NINE Martin Ratio Rank: 90

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.

XES vs. NINE - 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 Nine Energy Service, Inc. (NINE). 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	NINE	Difference
Sharpe ratio Return per unit of total volatility	1.66	0.51	+1.15
Sortino ratio Return per unit of downside risk	2.11	17.60	-15.49
Omega ratio Gain probability vs. loss probability	1.31	3.25	-1.94
Calmar ratio Return relative to maximum drawdown	2.40	7.51	-5.11
Martin ratio Return relative to average drawdown	7.21	10.84	-3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XES vs. NINE - Sharpe Ratio Comparison

The current XES Sharpe Ratio is 1.66, which is higher than the NINE Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of XES and NINE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XES	NINE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	0.51	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.05	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.03	-0.05

Correlation

The correlation between XES and NINE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XES vs. NINE - Dividend Comparison

XES's dividend yield for the trailing twelve months is around 1.19%, while NINE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XES SPDR S&P Oil & Gas Equipment & Services ETF	1.19%	1.69%	1.31%	0.66%	0.36%	1.81%	1.33%	1.43%	1.14%	1.68%	0.64%	2.47%
NINE Nine Energy Service, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

XES vs. NINE - Drawdown Comparison

The maximum XES drawdown since its inception was -95.65%, roughly equal to the maximum NINE drawdown of -99.19%. Use the drawdown chart below to compare losses from any high point for XES and NINE.

Drawdown Indicators

	XES	NINE	Difference
Max Drawdown Largest peak-to-trough decline	-95.65%	-99.19%	+3.54%
Max Drawdown (1Y) Largest decline over 1 year	-27.52%	-72.93%	+45.41%
Max Drawdown (5Y) Largest decline over 5 years	-45.95%	-98.06%	+52.11%
Max Drawdown (10Y) Largest decline over 10 years	-91.23%	—	—
Current Drawdown Current decline from peak	-72.51%	-79.01%	+6.50%
Average Drawdown Average peak-to-trough decline	-54.22%	-80.28%	+26.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	52.26%	-43.12%

Volatility

XES vs. NINE - Volatility Comparison

The current volatility for SPDR S&P Oil & Gas Equipment & Services ETF (XES) is 7.76%, while Nine Energy Service, Inc. (NINE) has a volatility of 263.81%. This indicates that XES experiences smaller price fluctuations and is considered to be less risky than NINE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XES	NINE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	263.81%	-256.05%
Volatility (6M) Calculated over the trailing 6-month period	22.14%	274.32%	-252.18%
Volatility (1Y) Calculated over the trailing 1-year period	40.03%	1,319.84%	-1,279.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.84%	594.82%	-554.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.20%	470.53%	-425.33%