XLE Fund Description

The Energy Select Sector SPDR ETF tracks a market-cap weighted index of US energy companies in the S&P 500.

XLE ETF.com Insight

If assets were the only measurement of excellence, XLE would be the valedictorian of US energy ETFs. With $9 billion in AUM, $1 billion in ADV, and a 16 bp expense ratio, XLE is one of theXLE would be the valedictorian of US energy ETFs. cheapest, largest and most liquid ETFs available in the US energy space. The fund takes a plain-vanilla market-cap approach to the energy space and only selects stocks from the S&P 500. The result is a fund that does a great job representing the broad market—with the exception that it completely ignores small-cap energy firms. Though the fund is a bit overweight in exposure to exploration & production companies, its beta of 1.02 suggests that its portfolio is only marginally riskier than the broad market. Regardless, investors looking for broad, inexpensive exposure and deep liquidity will find XLE to be a fine choice. (Insight updated 04/07/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

XLE (Mkt)
-1.77% 6.61% 13.08% 20.66% 9.72% 16.88% 13.8%

XLE (NAV)

-1.75% 6.60% 13.17% 20.70% 9.72% 16.84% 13.8%

S&P Energy Select Sector Index

-1.74% 6.68% 13.34% 20.99% 9.94% 16.25% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XLE Top 10 Countries

XLE Top 10 Sectors

XLE Top 10 Holdings View All

XLE Summary Data

SSgA

A company that produces and manages ETFs.

12/16/98

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.16%

The net total annual fee a fund holder pays to the issuer.

$11.92 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$804.71 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 60 days, as a percent.

XLE Portfolio Data

$133.28 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

18.98

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.23

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.70%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

09/19/14

The date on which a security's price excludes an upcoming dividend.

46

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

XLE Index Data

S&P Energy Select
Sector Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Committee

A set of rules that the underlying index provider follows to select its constituent securities.

Thomson Reuters US
Energy - Fossil Fuels

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to XLE

VDE, IYE, PXI, RYE, FXN

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

XLE ETF.com Efficiency Insight

Even with its newly lowered fee of 16 bps, XLE recently dropped from the cheapest US energy fund to third cheapest. Still, the fund is highly competitive, and with $9B in AUM and liquidity that makes its competitors look like delisted stocks, XLE faces no closure risk. If that weren't enough, XLE has tracked its index tightly with just a tick more volatility than we would like while avoiding capital gains distributions. (Insight updated 04/07/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

XLE (Mkt)
-1.77% 6.61% 13.08% 20.66% 9.72% 16.88% 13.8%

XLE (NAV)
-1.75% 6.60% 13.17% 20.70% 9.72% 16.84% 13.8%

S&P Energy Select Sector Index
-1.74% 6.68% 13.34% 20.99% 9.94% 16.25% --

Thomson Reuters US Energy - Fossil Fuels
-1.63% 6.10% 12.54% 20.40% 8.96% 15.42% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XLE Portfolio Management

0.16%

The net annual fee a fund holder pays to the issuer.

-0.24%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.20%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.36%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

XLE Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

XLE Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

N/A

The multiple of the underlying index which the fund aims to deliver. For funds that reset, the leverage factor holds true only for the reset period, often just 1 day.

N/A

The time period at which the fund “trues up” its leverage factor. For funds that reset, the reset period–often just 1 day–is the length of time over which the fund delivers its leverage factor.

XLE ETF.com Tradability Insight

XLE is the quintessential ETF when it comes to deep liquidity. The fund trades the equivalent of hundreds of creation units per day, and trades right next to its fair value day after day. With median daily volume over $900M and penny-wide spreads, investors will find it easy to get a fair deal when buying and selling the fund in any size. (Insight updated 04/07/2014)

Average Spread

Premium/Discount

Volume

XLE ETF.com/ Block LiquidityAs of 07/22/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of XLE. XLE is rated a 5 out of 5.

XLE Tradability

8,208,202

The average number of shares traded during a 60 day period.

$804.71 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

7,281,975

Median number of shares traded over the past 45 trading days.

$691.96 M

Median dollar value of shares traded over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 60 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 60 days, in dollars.

0.00%

The middle value in the ranked set of all premium/discount values over a 12-month period.

0.10% / -0.08%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

145.64

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.01%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.07%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

927,840

The total number of net outstanding options contracts for an ETF.

$99.12

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

XLE ETF.com Fit Insight

Given that it holds only 43 stocks because of its confined universe (the S&P 500), it's surprising how well XLE represents the broad energy market. Unsurprisingly, the fund ignores small-caps with an exclusive focus on mid- and large-cap stocks. This gives XLE a slight underweight to refining & marketing companies, and a slight overweight to exploration and production. XLE is slightly riskier (with a beta of 1.02), but for most investors, XLE is the go-to fund. (Insight updated 04/07/2014)

XLE Geographic Exposure

XLE Segment Benchmark
99.84% 99.36%
0.05% 0.64%
0.11% --

XLE Segment Benchmark
99.84% 99.36%
0.05% 0.64%
0.11% --
99.89% / 0.11% 100.00% / --

XLE Performance Statistics

0.99

The degree to which the fund and its segment benchmark move up and down in unison.

1.01

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.02

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.02

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.06%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

Thomson Reuters US
Energy - Fossil Fuels

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

XLE Benchmark Comparison

XLE
46 Holdings
Segment Benchmark
138 Constituents
Shared Holdings
42 (Count)
 
79.53% (Weight)
XLESegment Benchmark
$150.74 B$133.28 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

84%92%
14%8%
3%0%
0%0%
19.5718.98

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.212.23

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.88%1.75%

The weighted average of the current yield on the portfolio’s holdings.

13846

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

HighHigh

The level of return contribution attributable to the average portfolio constituent.