XESSPDR S&P Oil & Gas Equipment & Services ETF
XES Fund Description
The SPDR S&P Oil & Gas Equipment & Services ETF tracks an equal-weighted index of companies in the oil and gas equipment and services sub industry of the S&P Total Markets Index.
XES Factset Analytics Insight
XES is an inexpensive option for investors interested in the world of wildcatting and drilling hardware & services, but its weighting scheme skews it from a neutral take on the market. Its equal-weight strategy produces a portfolio biased toward small-cap equities causing it to nearly bypass the oil & gas transportation industry. Instead, roughly a third of its portfolio is allocated to drilling companies, which tend to be small companies. Still, the equal-weight strategy is appealing in a top-heavy industry, but it comes with a side-helping of increased market risk. XES offers investors deep liquidity, with a high daily volume and tight spreads, as well as straightforward execution of block trades for larger traders. It also charges a very reasonable fee for its space, and lags its index by even less.
XES MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 18, 2018 the SPDR S&P Oil & Gas Equipment & Services ETF MSCI ESG Fund Quality Score is 3.84 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. XES ranks in the 24th percentile within its peer group and in the 7th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
XES CHARTS AND PERFORMANCE
XES Top 10 Countries
XES Top 10 Sectors
XES Top 10 Holdings [View All]
XES Portfolio Management
XES Tax Exposures
XES Fund Structure
XES Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XES. XES is rated a 5 out of 5.
XES Sector/Industry Breakdown
XES TOP 10 HOLDINGS[View All]
XES Economic Development
XES Performance Statistics
XES MSCI ESG Ratings
XES BENCHMARK COMPARISON SUMMARY
XES BENCHMARK COMPARISON MARKET CAP SIZE