State Street® SPDR® S&P® Oil & Gas Equipment & Services ETF

What this fund is

State Street® SPDR® S&P® Oil & Gas Equipment & Services ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker XES (ISIN US78468R5494). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, spread across its target market. It follows the S&P Oil & Gas Equipment & Services Select Industry Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include ARCHROCK INC, KODIAK GAS SERVICES INC and SOLARIS ENERGY INFRASTRUCTUR.

Spread across roughly 35 holdings (the ten largest ≈ 39.8%), no one position makes or breaks the fund. By industry it concentrates most in ~89.1% Energy. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine. Its ongoing charge (TER) is 0.35% a year — about €35 a year on a €10,000 holding, taken automatically from the fund.

It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD. Its price has swung about 31.1% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2006. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from SPDR.)