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

XES

Market cap $587M

The Middle East war has turned 2026 into a breakout year for energy ETFs, with seven oil-focused funds surging as a historic supply crunch pushes crude prices higher. Key Takeaways: Seven oil ETFs are among 2026's top performers, with USO up nearly 90% year to date.

A smart beta exchange traded fund, the State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) debuted on 06/19/2006, and offers broad exposure to the Energy ETFs category of the market.

The State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) was launched on June 19, 2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Energy - Equipment and services segment of the equity market.

Though near-term pressures from the Iran war appear to be easing, 2026 has been a lesson in just how quickly and dramatically the cost of oil can fluctuate. Crude oil futures that started the year around $60 quickly spiked to more than $112 in early April before pulling back to around $90 as of mid-month.

Downgrade State Street SPDR S&P Oil & Gas Equip & Serv ETF to Hold after a 40% total return since December 2024. XES now trades above 25x earnings, with a PEG ratio over 2x, making valuation unattractive for a cyclical ETF. Momentum and technicals remain strong, with breakout highs and potential upside to $160, but risk is elevated.

As Europe confronts a new energy crisis, we explore key measures to strengthen energy security beyond simply lowering energy bills, and the potential implications for business leaders. Europe now relies on a wider range of suppliers, but paradoxically, the new geopolitical situation still leaves Europe vulnerable.

The State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) made its debut on 06/19/2006, and is a smart beta exchange traded fund that provides broad exposure to the Energy ETFs category of the market.

Market predictions are not easy to make and looking at the YTD winners, there are some head-scratchers.  Let's take a closer look and make some sense out of the recent performance winners: wet and dry shipping; South Korea; and oil services ETFs.

If you're interested in broad exposure to the Energy - Equipment and services segment of the equity market, look no further than the State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES), a passively managed exchange traded fund launched on June 19, 2006.

Making its debut on 06/19/2006, smart beta exchange traded fund State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) provides investors broad exposure to the Energy ETFs category of the market.