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XES vs. VOLT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XES vs. VOLT

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR S&P Oil & Gas Equipment & Services ETF (XES) and Tema Electrification ETF (VOLT).

XES and VOLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VOLT is an actively managed fund by Tema. It was launched on Dec 3, 2024.

Performance

XES vs. VOLT - 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 Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

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XES vs. VOLT - Yearly Performance Comparison

2026 (YTD)20252024
XES
SPDR S&P Oil & Gas Equipment & Services ETF		42.33%5.89%-5.93%
VOLT
Tema Electrification ETF		18.37%25.92%-8.86%

Returns By Period

In the year-to-date period, XES achieves a 42.33% return, which is significantly higher than VOLT's 18.37% 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%

VOLT

1D
3.29%
1M
-4.12%
YTD
18.37%
6M
19.46%
1Y
61.32%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Oil & Gas Equipment & Services ETF

Tema Electrification ETF

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Often compared with VOLT:
VOLT vs. GRIDVOLT vs. AIPOVOLT vs. PAVEVOLT vs. ZAPVOLT vs. SHLDVOLT vs. FMTMVOLT vs. UFO

XES vs. VOLT - Expense Ratio Comparison

XES has a 0.35% expense ratio, which is lower than VOLT's 0.75% expense ratio.

VOLT
Tema Electrification ETF
XES
SPDR S&P Oil & Gas Equipment & Services ETF

Return for Risk

XES vs. VOLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XES
XES Risk / Return Rank: 8181
Overall Rank
XES Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XES Sortino Ratio Rank: 8282
Sortino Ratio Rank
XES Omega Ratio Rank: 8282
Omega Ratio Rank
XES Calmar Ratio Rank: 8484
Calmar Ratio Rank
XES Martin Ratio Rank: 7373
Martin Ratio Rank
VOLT
VOLT Risk / Return Rank: 9797
Overall Rank
VOLT Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VOLT Sortino Ratio Rank: 9797
Sortino Ratio Rank
VOLT Omega Ratio Rank: 9696
Omega Ratio Rank
VOLT Calmar Ratio Rank: 9898
Calmar Ratio Rank
VOLT Martin Ratio Rank: 9797
Martin Ratio Rank
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. VOLT - 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 Tema Electrification ETF (VOLT). 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.

XESVOLTDifference

Sharpe ratio

Return per unit of total volatility

1.66

2.88

-1.22

Sortino ratio

Return per unit of downside risk

2.11

3.55

-1.44

Omega ratio

Gain probability vs. loss probability

1.31

1.50

-0.19

Calmar ratio

Return relative to maximum drawdown

2.40

6.14

-3.74

Martin ratio

Return relative to average drawdown

7.21

19.19

-11.98

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. VOLT - Sharpe Ratio Comparison

The current XES Sharpe Ratio is 1.66, which is lower than the VOLT Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of XES and VOLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XESVOLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

2.88

-1.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

—

—

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

1.11

-1.19

Correlation

The correlation between XES and VOLT is 0.43, 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. VOLT - Dividend Comparison

XES's dividend yield for the trailing twelve months is around 1.19%, more than VOLT's 0.39% yield.

TTM20252024202320222021202020192018201720162015
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%
VOLT
Tema Electrification ETF		0.39%0.46%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

XES vs. VOLT - Drawdown Comparison

The maximum XES drawdown since its inception was -95.65%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for XES and VOLT.

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Drawdown Indicators

XESVOLTDifference

Max Drawdown

Largest peak-to-trough decline

-95.65%

-23.40%

-72.25%

Max Drawdown (1Y)

Largest decline over 1 year

-27.52%

-10.00%

-17.52%

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

-72.51%

-5.10%

-67.41%

Average Drawdown

Average peak-to-trough decline

-54.22%

-5.56%

-48.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.14%

3.20%

+5.94%

Volatility

XES vs. VOLT - Volatility Comparison

The current volatility for SPDR S&P Oil & Gas Equipment & Services ETF (XES) is 7.76%, while Tema Electrification ETF (VOLT) has a volatility of 9.44%. This indicates that XES experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XESVOLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.76%

9.44%

-1.68%

Volatility (6M)

Calculated over the trailing 6-month period

22.14%

15.70%

+6.44%

Volatility (1Y)

Calculated over the trailing 1-year period

40.03%

21.43%

+18.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.84%

23.85%

+15.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.20%

23.85%

+21.35%