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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…
Is XES's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
I upgrade State Street SPDR S&P Oil & Gas Equip & Serv ETF to "Buy," citing improved valuation and bullish seasonality. XES now trades at an attractive 16.2x P/E with a PEG barely above 1.0x, supported by a 13.7% long-term EPS growth rate. Technical support at $99 and favorable November–January seasonality create a compelling risk-reward setup, despite recent underperformance.
Launched on 06/19/2006, the State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) is a smart beta exchange traded fund offering broad exposure to the Energy ETFs category of the market.
If you're interested in broad exposure to the Energy - Equipment and services segment of the equity market, look no further than the State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES), a passively managed exchange traded fund launched on June 19, 2006.
SPDR S&P Oil & Gas Equipment & Services ETF (XES) is rated Hold, reflecting a disciplined but capped recovery after a 64% run in the past year. XES's equal-weight structure dilutes exposure to top gas-and-power growth names, concentrating risk in US land drillers most exposed to capital discipline and efficiency gains. Current oil prices ($55–65 WTI) and declining upstream capex limit upside, while efficiency gains structurally mute drilling activity that XES's land-heavy book depends on.
Designed to provide broad exposure to the Energy ETFs category of the market, the State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) is a smart beta exchange traded fund launched on 06/19/2006.