State Street SPDR S&P Oil & Gas Equipment & Services ETF

Frequently Asked Questions About XES

What does XES invest in?

The State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) endeavors to achieve investment performance that closely tracks the total return of the S&P Oil & Gas Equipment & Services Select Industry Index, prior to accounting for fees and expenses. This fund provides concentrated access to the oil and gas equipment and services portion of the S&P Total Market Index, encompassing businesses engaged in both oil and gas drilling and the broader equipment and service provision sub-industries. By adhering to a modified equal-weighted index, the ETF aims to ensure balanced industry representation, offering diversified exposure across large, mid, and small-capitalization companies within the sector. This targeted investment vehicle enables investors to make more precise strategic or tactical allocations than traditional, broader sector funds.

What is the expense ratio of XES?

State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

How big is XES?

State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) manages $414.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is XES actively managed or an index fund?

XES is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (XES's is 0.35%) because there's no security selection cost.

When was XES launched?

State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) launched in June 2006 and is managed by SPDR.

How has XES performed?

XES's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.