(XES) S&P Oil & Gas Equipment - Overview
Etf: Oil Services, Drilling, Equipment, Support
Dividends
| Dividend Yield | 1.95% |
| Yield on Cost 5y | 2.69% |
| Yield CAGR 5y | 11.56% |
| Payout Consistency | 83.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 30.6% |
| Relative Tail Risk | -1.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.84 |
| Alpha | 9.71 |
| Character TTM | |
|---|---|
| Beta | 1.459 |
| Beta Downside | 2.027 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.95% |
| CAGR/Max DD | 0.15 |
Description: XES S&P Oil & Gas Equipment January 17, 2026
The SPDR® S&P Oil & Gas Equipment & Services ETF (XES) aims to replicate the S&P Oil & Gas Equipment & Services Select Industry Index by using a sampling approach, investing at least 80% of its assets in the index constituents. The index captures the equipment and services segment within the broader S&P Total Market Index, providing exposure to U.S. companies that supply drilling rigs, well-completion tools, and related services to the upstream oil and gas industry.
Key sector drivers include: (1) Rig count trends – U.S. active offshore and onshore rigs have risen ~12% YoY, signaling higher demand for equipment; (2) Oil price volatility – a $10 /barrel move in Brent crude typically translates to a 0.5-1.0% swing in XES’s NAV, reflecting the tight coupling between commodity prices and service spend; (3) Capital expenditure (CapEx) cycles – upstream CapEx is projected to reach $600 billion in 2024, up from $540 billion in 2023, fueling revenue growth for service providers.
For a deeper dive into XES’s valuation metrics and risk profile, explore the analytics on ValueRay to see how the fund stacks up against peer ETFs.
What is the price of XES shares?
Over the past week, the price has changed by +5.71%, over one month by +19.63%, over three months by +31.53% and over the past year by +34.63%.
Is XES a buy, sell or hold?
What are the forecasts/targets for the XES price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 114.5 | 9.4% |
XES Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 321.3m USD (321.3m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 321.3m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 321.3m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 11.29% (E(321.3m)/V(321.3m) * Re(11.29%) + (debt-free company))
Discount Rate = 11.29% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)