Is SPDR S&P Oil & Gas Equipment & Services ETF (XES) a Strong ETF Right Now?

Core Insights - The SPDR S&P Oil & Gas Equipment & Services ETF (XES) is a smart beta ETF that provides broad exposure to the Energy ETFs category, launched on June 19, 2006 [1] - The fund is sponsored by State Street Investment Management and has assets exceeding $214.01 million, positioning it as an average-sized ETF in the Energy sector [5] - The ETF seeks to match the performance of the S&P Oil & Gas Equipment & Services Select Industry Index, which represents the oil and gas equipment and services sub-industry [6] Fund Characteristics - XES has an annual operating expense ratio of 0.35% and a 12-month trailing dividend yield of 1.72%, making it one of the least expensive products in its category [7] - The fund is heavily allocated to the Energy sector, with its top 10 holdings accounting for approximately 47.77% of total assets [9] - Solaris Energy Infrastructure (SEI) is the largest holding at about 5.26% of total assets, followed by Liberty Energy Inc (LBRT) and Helmerich + Payne (HP) [9] Performance Metrics - As of October 24, 2025, XES has gained about 1.46% year-to-date and 3.46% over the past year, with a trading range between $52.84 and $87.51 in the last 52 weeks [11] - The ETF has a beta of 1.20 and a standard deviation of 35.04% over the trailing three-year period, indicating a higher risk profile compared to peers [11] Alternatives and Comparisons - Alternatives to XES include iShares U.S. Oil Equipment & Services ETF (IEZ) and VanEck Oil Services ETF (OIH), with assets of $119.22 million and $1.05 billion respectively [13] - IEZ has an expense ratio of 0.38%, while OIH charges 0.35%, providing investors with options that may better suit their investment strategies [13]