XESSPDR S&P Oil & Gas Equipment & Services ETF
XES Fund Description
XES tracks an equal-weighted index of companies in the oil & gas equipment and services sub-industry of the S&P Total Market Index.
XES Factset Analytics Insight
XES is an option for investors interested in the world of wildcatting and drilling hardware & services. The fund covers the oil & gas equipment and services along with the oil & gas drilling sub-industry of the S&P Total Market Index, an index that tracks the broad US equity market. Companies should meet certain market-cap and liquidity requirements in order to be included in the fund’s final portfolio. Selected securities are then equally-weighted, with liquidity constraints applied. Overall, the fund’s equal-weighting strategy provides widespread industry exposure to all market capitalizations, which can be appealing in a top-heavy industry, but it comes with a side-helping of increased market risk. The fund’s narrow portfolio may change significantly at each quarterly rebalance.
XES MSCI ESG Analytics Insight
SPDR S&P Oil & Gas Equipment & Services ETF has an MSCI ESG Fund Rating of BB based on a score of 4.25 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. SPDR S&P Oil & Gas Equipment & Services ETF ranks in the 10th percentile within its peer group and in the 4th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
XES MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
XES Summary Data
XES Portfolio Data
XES Index Data
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 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