XES holdings and overlap
State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) holds 35 positions in its SPDR file of 2026-10-27. Its three largest are Valaris Limited (VAL) at 4.50%, Switzerland Transocean (RIG) at 4.40% and Seadrill Limited (SDRL) at 4.13%, and its ten largest make up 39.3% of the fund.
In its SPDR file of 2026-10-27, XES is 100.0% energy by sector, with none of it in mega-cap tech or in the ten largest US companies by market value.
What does XES hold, as of its issuer file of 2026-10-27?
Valaris Limited is 4.5% of XES on its own, against a median largest position of 19.0% across the 11 Energy funds with a page here. No fund with a page here holds more VAL than XES does, out of the 48 that hold it at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | VAL Valaris Limited | 4.5% | |
| 2 | RIG Switzerland Transocean | 4.4% | |
| 3 | SDRL Seadrill Limited | 4.13% | |
| 4 | NE Noble Corporation plc A | 3.87% | |
| 5 | SEI Solaris Energy Infrastructure | 3.76% | |
| 6 | WFRD Weatherford International | 3.75% | |
| 7 | AROC Archrock | 3.74% | |
| 8 | HAL Halliburton | 3.73% | |
| 9 | NOV NOV | 3.72% | |
| 10 | WTTR Select Water Solutions | 3.7% | |
| 11 | SLB Schlumberger | 3.69% | |
| 12 | PTEN Patterson-UTI Energy | 3.68% | |
| 13 | WHD Cactus | 3.66% | |
| 14 | BKR Baker Hughes | 3.61% | |
| 15 | TDW Tidewater | 3.58% | |
| 16 | FTI TechnipFMC | 3.57% | |
| 17 | HP Helmerich & Payne | 3.5% | |
| 18 | OII Oceaneering International | 3.33% | |
| 19 | NBR Nabors Industries | 3.06% | |
| 20 | LBRT Liberty Energy | 2.99% | |
| 21 | KGS Kodiak Gas Services | 2.88% | |
| 22 | XPRO Expro | 2.45% | |
| 23 | NESR National Energy Services Reu | 2.37% | |
| 24 | PUMP ProPetro | 2.13% | |
| 25 | FLOC Flowco Holdings Inc | 1.97% | |
| 26 | INVX Innovex International | 1.91% | |
| 27 | FET Forum Energy Technologies | 1.86% | |
| 28 | TTI Tetra Technologies | 1.8% | |
| 29 | AESI Atlas Energy Solutions | 1.66% | |
| 30 | HOS Hornbeck Offshore Services I | 1.54% | |
| 31 | VTOL Bristow Group | 1.46% | |
| 32 | RES RPC | 1.43% | |
| 33 | CLB Core Laboratories | 1.08% | |
| 34 | OIS Oil States International | 0.85% | |
| 35 | NGS Natural Gas Services Group | 0.6% |
The most recent file State Street SPDR has published for XES is dated 2026-10-27, 1 day before these prices, which is the median for the State Street SPDR ETFs covered here. Every one of the 35 positions XES holds, with its weight, is in the fund's JSON file. See the other 47 ETFs with a page here that hold VAL, and how their weights compare with the 4.5% XES gives it.
Category: Energy, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks whose sector is known are energy companies, each in the sector the site gives that company. How categories are set.
https://tickerinside.com/api/v1/fund/xes.jsonhttps://tickerinside.com/api/v1/fund/xes.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/xes.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/xes.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/xes.jsonHow much money went into or out of XES?
On the close of Friday, October 23, 2026, $11 million came out of XES, 3.21% of its assets, as it redeemed shares. Over its last 5 closes, a net outflow of $11 million.
From XES's own holdings files. Every ETF's latest flows.
How is XES split by sector?
| Sector | Weight | Weight bar |
|---|---|---|
| Energy | 100.0% |
From its SPDR file of 2026-10-27. How these are measured.
What did XES hold in its SEC reports since 2019?
In XES's SEC filings, its largest position went from Baker Hughes (BKR) at 5.21% on 2019-09-30 to Solaris Energy Infrastructure, Inc. (SEI) at 4.71% on 2026-06-30, across 28 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-09-30 | 34 | BKR 5.21% | 46.7% |
| 2019-12-31 | 29 | VAL 5.17% | 47.2% |
| 2020-12-31 | 20 | ASPN 5.38% | 47.5% |
| 2021-12-31 | 28 | VAL 5.13% | 46.0% |
| 2022-12-31 | 32 | WFRD 4.67% | 43.8% |
| 2023-12-31 | 33 | TDW 4.76% | 42.9% |
| 2024-12-31 | 31 | TDW 5.38% | 47.8% |
| 2025-12-31 | 30 | KGS 4.85% | 46.9% |
| 2026-06-30 | 34 | SEI 4.71% | 40.4% |
The first report, then the last of each year, of the 28 reports XES filed on SEC Form N-PORT from 2019-09-30 to 2026-06-30, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/xes/{date}.json. How these are read.
What does XES duplicate?
The ETF nearest to XES is OIH: the two hold 61.5% of their weight in common, in the 23 companies both own, and 75.1% of XES itself is also held there. Owning XES alongside the ETFs at the top of this table means about half of the weight is held twice.
| ETF | Overlap by weight | Of XES held there | Of that ETF in XES | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| OIH | 61.5% | 75.1% | 93.8% | 23 | |
| IEZ | 60.6% | 96.7% | 100.0% | 32 | |
| RSPG | 14.6% | 14.6% | 16.1% | 4 | |
| VDE | 13.2% | 91.7% | 13.3% | 30 | |
| FENY | 11.4% | 95.1% | 11.4% | 31 | |
| QMOM | 9.8% | 17.5% | 9.8% | 5 | |
| IYE | 8.2% | 22.1% | 8.2% | 6 | |
| XLE | 7.9% | 11.0% | 8.1% | 3 | |
| ROKT | 7.7% | 8.8% | 11.2% | 3 | |
| AVUV | 7.6% | 72.8% | 7.7% | 26 | |
| IGE | 6.5% | 70.1% | 6.5% | 19 | |
| GRPM | 5.2% | 11.8% | 5.2% | 3 |
The holdings of OIH and QMOM are from their SEC Form N-PORT filings for the period ended 2026-06-30, filed 2026-08-26. The holdings of VDE and AVUV are from their SEC Form N-PORT filings for the period ended 2026-05-31, filed 2026-07-29. FENY's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-23. The other ETFs' holdings are from their issuers' latest files. Check XES against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to XES?
SCZ shares 0% of weight with XES and its weekly returns correlate with it at 0.32 over three years. The table lists the covered ETFs with the least in common with XES, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| SCZ | iShares MSCI EAFE Small-Cap ETF | 0.0% | 0.32 | 0 |
| PFF | iShares Preferred and Income Securities ETF | 0.0% | 0.33 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.33 | 0 |
| XT | iShares Future Exponential Technologies ETF | 0.0% | 0.33 | 0 |
| SOXX | iShares Semiconductor ETF | 0.0% | 0.34 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.34 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.34 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.35 | 0 |
Cost, returns and risk
| Expense ratio | 0.35% |
|---|---|
| Dividend yield | 1.11% |
| Total return, 1 year | 43.7% |
| Total return, 3 years cumulative | 32.9% |
| Total return, 5 years cumulative | 104.6% |
| Volatility, annualised | 33.1% |
| Worst fall, 3 years | -42.2% |
| Beta against SPY, 3 years of weekly returns | 0.86 |
| Weight in the ten largest positions | 39.3% |
| Largest single position | 4.5% |
| Assets under management | $0.4B |
Expense ratio, yield and assets are reference data (the expense ratio from XES's SEC filing of 2026-10-26); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.36barely linked | 166 |
| QQQ | 0.26barely linked | 167 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 41.2% |
| 2025 | 5.9% |
| 2024 | -5.4% |
| 2023 | 6.7% |
| 2022 | 62.0% |
One year
Where to go next
- XLE, Energy Select Sector SPDR Fund
- XOP, State Street SPDR S&P Oil & Gas Exploration & Production ETF
- FENY, Fidelity MSCI Energy Index ETF
- IEO, iShares U.S. Oil & Gas Exploration & Production ETF
- Run a portfolio x-ray to see what XES carries once you look through it
- Compare XES against any other ETF in the builder
Holdings from the most recent file State Street SPDR has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/xes/, CC BY 4.0
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