State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) is a energy sector ETF. As of October 9, 2026, ETF Copilot scores XES 3.3 out of 10 — highest on Growth (5.5), lowest on Risk (0.7). It trades at 19.8 times earnings, against its own median of 14.9. Its ten largest holdings are 38% of the fund.
What stands out in XES's data
Tracks US oil and gas equipment and services companies.
Its valuation is exceptionally high relative to peers.
Trailing P/E multiple of 19.8x, above the category median of 16.1x.
Adds targeted exposure to energy-sector capital spending cycles.
Why did XES move this week? It rose 1.5% in the week to October 9, 2026 — Valaris and Transocean drove it
XES rose 1.5% in the week to October 9, 2026. The holdings that moved it most were Valaris (+6.7%), Transocean (+6.6%) and Seadrill (+5.2%); National Energy Services Reunited (−7.7%) pushed the other way.
How is XES rated? ETF Copilot scores State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) 3.3 out of 10
As of October 9, 2026, ETF Copilot scores State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) 3.3 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.3 / 10
- Growth: 5.5 / 10
- Value: 3.3 / 10
- Risk: 0.7 / 10
- Quality: 2.2 / 10
- Return: 3.7 / 10
Is XES expensive right now? It trades at 19.8 times earnings, against its own median of 14.9
As of October 9, 2026, XES is more expensive than 82% of its own last 4 years.
Trailing 12 months, built from XES's holdings. How we calculate this →
What's inside XES?
What's inside XES: Size (Large 7%, Mid 32%, Small 61%); Geography (International 19%, US 81%).
What are XES's top holdings? The ten largest are 38% of the fund
Solaris Energy Infrastructur, Valaris, Transocean, Select Water Solutions, Seadrill, Noble, Archrock, Oceaneering, Tidewater and Helmerich + Payne are XES's largest holdings, in that order.
Less concentrated than 76% of Energy ETFs.
Half of XES's weight sits in its 14 largest positions, and once those weights are taken into account it behaves like 31 equally weighted holdings.
What is XES's expense ratio? 0.35% a year
As of October 9, 2026, XES charges 0.35% a year, yields 1.08% and holds $349M in assets across 35 positions.
| Measure | XES |
|---|---|
| Expense ratio | 0.35% |
| Dividend yield | 1.08% |
| Assets under management | $349M |
| Holdings | 35 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/xes
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