XES vs. ABEQ ETF Comparison
Comparison of SPDR S&P Oil & Gas Equipment & Services ETF (XES) to Absolute Core Strategy ETF (ABEQ)
XES
SPDR S&P Oil & Gas Equipment & Services ETF
XES Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas equipment and services segment of a U.S. total market composite index. In seeking to track the performance of the S&P Oil & Gas Equipment & Services Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas equipment and services industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$86.10
Average Daily Volume
47,626
27
ABEQ
Absolute Core Strategy ETF
ABEQ Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.Grade (RS Rating)
Last Trade
$32.81
Average Daily Volume
5,926
19
Performance
| Period | XES | ABEQ |
|---|---|---|
| 30 Days | 4.75% | -1.23% |
| 60 Days | -1.03% | 0.16% |
| 90 Days | -1.17% | 2.19% |
| 12 Months | 0.53% | 19.37% |
0 Overlapping Holdings
| Symbol | Grade | Weight in XES | Weight in ABEQ | Overlap |
|---|
XES Overweight 27 Positions Relative to ABEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| BKR | A | 5.69% | |
| FTI | A | 5.17% | |
| WHD | B | 5.13% | |
| HP | C | 5.02% | |
| SLB | C | 4.95% | |
| HAL | C | 4.93% | |
| CHX | C | 4.88% | |
| AROC | A | 4.83% | |
| PTEN | C | 4.73% | |
| RIG | D | 4.66% | |
| NOV | C | 4.64% | |
| VAL | F | 4.2% | |
| WFRD | F | 4.12% | |
| LBRT | F | 4.04% | |
| OII | B | 3.57% | |
| TDW | F | 3.36% | |
| HLX | B | 2.9% | |
| AESI | B | 2.62% | |
| XPRO | F | 2.33% | |
| WTTR | A | 2.1% | |
| NBR | D | 1.89% | |
| CLB | B | 1.72% | |
| PUMP | D | 1.62% | |
| RES | D | 1.29% | |
| NR | B | 0.79% | |
| TTI | B | 0.77% | |
| VTOL | B | 0.68% |
XES Underweight 19 Positions Relative to ABEQ
XES: Top Represented Industries & Keywords
ABEQ: Top Represented Industries & Keywords
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