XES vs. WEEK

Last updated Jun 3, 2026

XES (SPDR S&P Oil & Gas Equipment & Services ETF) and WEEK (Roundhill Weekly T-Bill ETF) are both exchange-traded funds - XES is a Energy Equities fund tracking the S&P Oil & Gas Equipment & Services Select Industry Index, while WEEK is a Ultrashort Bond fund actively managed by Roundhill. XES is passively managed, while WEEK is actively managed. Over the past year, XES returned 106.77% vs 3.80% for WEEK. At a correlation of -0.13, they often move in opposite directions. XES charges 0.35%/yr vs 0.19%/yr for WEEK.

Performance

XES vs. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XES achieves a 51.54% return, which is significantly higher than WEEK's 1.42% 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%

WEEK

• 1D: 0.04%
• 1M: 0.29%
• YTD: 1.42%
• 6M: 1.73%
• 1Y: 3.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XES vs. WEEK - Yearly Performance Comparison

	2026 (YTD)	2025
XES SPDR S&P Oil & Gas Equipment & Services ETF	51.54%	23.86%
WEEK Roundhill Weekly T-Bill ETF	1.42%	3.37%

Correlation

The correlation between XES and WEEK is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	-0.13

Return for Risk

XES vs. WEEK — Risk / Return Rank

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

XES

XES Risk / Return Rank: 92
XES Sharpe Ratio Rank: 93
XES Sortino Ratio Rank: 89
XES Omega Ratio Rank: 84
XES Calmar Ratio Rank: 97
XES Martin Ratio Rank: 95

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 99

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. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). 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	WEEK	Difference
Sharpe ratio Return per unit of total volatility	3.52	9.27	-5.74
Sortino ratio Return per unit of downside risk	4.12	19.09	-14.98
Omega ratio Gain probability vs. loss probability	1.51	4.64	-3.13
Calmar ratio Return relative to maximum drawdown	11.21	29.45	-18.24
Martin ratio Return relative to average drawdown	30.56	263.98	-233.43
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. WEEK - Sharpe Ratio Comparison

The current XES Sharpe Ratio is 3.52, which is lower than the WEEK Sharpe Ratio of 9.27. The chart below compares the historical Sharpe Ratios of XES and WEEK, 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

	XES	WEEK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.52	9.27	-5.74
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	10.02	-10.09

Drawdowns

XES vs. WEEK - Drawdown Comparison

The maximum XES drawdown since its inception was -95.65%, which is greater than WEEK's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for XES and WEEK.

Drawdown Indicators

	XES	WEEK	Difference
Max Drawdown Largest peak-to-trough decline	-95.65%	-0.13%	-95.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	-0.13%	-9.71%
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 Drawdown Current decline from peak	-70.73%	0.00%	-70.73%
Average Drawdown Average peak-to-trough decline	-54.36%	-0.01%	-54.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	0.01%	+3.60%

Volatility

XES vs. WEEK - Volatility Comparison

SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a higher volatility of 8.25% compared to Roundhill Weekly T-Bill ETF (WEEK) at 0.07%. This indicates that XES's price experiences larger fluctuations and is considered to be riskier than WEEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XES	WEEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	0.07%	+8.18%
Volatility (6M) Calculated over the trailing 6-month period	20.51%	0.25%	+20.26%
Volatility (1Y) Calculated over the trailing 1-year period	30.52%	0.41%	+30.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.04%	0.39%	+38.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.05%	0.39%	+44.66%

XES vs. WEEK - Expense Ratio Comparison

XES has a 0.35% expense ratio, which is higher than WEEK's 0.19% expense ratio.

Dividends

XES vs. WEEK - Dividend Comparison

XES's dividend yield for the trailing twelve months is around 1.12%, less than WEEK's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WEEK Roundhill Weekly T-Bill ETF	3.72%	3.27%	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	1.12%	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 XES and WEEK in my portfolio?

XES and WEEK have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XES or WEEK?

XES has higher volatility (8.25%) compared to WEEK (0.07%). In terms of maximum drawdown, XES dropped -95.65% vs WEEK's -0.13%.

Which ETF is better, XES or WEEK?

On 1-year performance, XES leads with 106.77% vs 3.80% for WEEK. On fees, WEEK is cheaper at 0.19% per year. On volatility, WEEK has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XES or WEEK?

Over the 1-year period, XES has performed better with a 106.77% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XES or WEEK?

WEEK is cheaper with a 0.19% expense ratio, compared with 0.35% for XES.

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

WEEK has the higher dividend yield at 3.80%, compared with 1.12% for XES.

What is the main difference between XES and WEEK?

XES is categorized as Energy Equities, while WEEK is Ultrashort Bond. They also come from different issuers: State Street and Roundhill. Their fees differ too: 0.35% for XES and 0.19% for WEEK.

Which has better risk-adjusted returns?

WEEK currently has the higher Sharpe Ratio (9.27 vs 3.52), 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.