State Street Energy Select Sector SPDR ETF
XLE SectorUpdated: Jul 5, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| Exxon Mobil Corp | XOM | 22.12% | |
| Chevron Corp | CVX | 16.6% | |
| ConocoPhillips | COP | 6.78% | |
| SLB Ltd | SLB | 4.69% | |
| Williams Companies Inc | WMB | 4.33% | |
| Valero Energy Corp | VLO | 4.3% | |
| Marathon Petroleum Corp | MPC | 4.22% | |
| EOG Resources Inc | EOG | 4.16% | |
| Phillips 66 | PSX | 4.08% | |
| Baker Hughes Co Class A | BKR | 3.63% |
Sector Allocation
About This ETF
The State Street Energy Select Sector SPDR ETF (XLE) is a Sector ETF with an expense ratio (TER) of 0.08% and $38.7B in assets under management., with its largest holdings being Exxon Mobil Corp, Chevron Corp, ConocoPhillips. The ETF currently yields 2.65% in dividends. Year-to-date, XLE has returned +18.19%. With an expense ratio of just 0.08%, it is one of the cheapest ETFs in its category.
In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Energy companies by the GICS®, including securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services. It is non-diversified.
FAQ — XLE
What is the TER of XLE (State Street Energy Select Sector SPDR ETF)?
XLE has a Total Expense Ratio (TER) of 0.08 % per year. That sits at the sector category median (0.08 % across 13 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has XLE delivered?
Performance for XLE: YTD: +18.19 % · 3-year p.a.: +12.91 % · 5-year p.a.: +18.46 %. Over 5 years, XLE outperforms the sector category median of +6.75 % by +11.71 pp. Past performance is no guarantee of future returns.
What are the top holdings of XLE?
The five largest positions in XLE are: XOM, CVX, COP, SLB, WMB. The full holdings list is updated daily on this page.
Does XLE pay dividends?
XLE has a current dividend yield of 2.65 %. Distributing ETFs pay this out in cash; accumulating versions reinvest it inside the fund. Check the share class on your broker before buying.
Where can I buy or set up a savings plan for XLE?
XLE is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What Is the Energy Select Sector SPDR ETF (XLE)?
The Energy Select Sector SPDR ETF from State Street tracks the energy slice of the S&P 500, bundling U.S. companies across oil, gas and consumable fuels as well as energy equipment and services. With roughly $41.4B in assets and an ultra-low expense ratio of just 0.08%, it ranks among the largest and cheapest sector ETFs available. Heavyweights such as Exxon Mobil and Chevron dominate the basket. Investors use it as a focused bet on energy prices and the broader economic cycle.
Performance and Drivers
XLE delivers a distinctly cyclical return profile. Year to date it is up 25.57%, over three years it has averaged 16.84% per year, and over five years 21.32% per year. It currently trades around 71.7% of the way between its 52-week low of $40.44 and its high of $63.46.
The main drivers are crude oil and natural gas prices, OPEC+ supply discipline, refining margins and geopolitical tensions. A dividend yield of about 2.5% adds income, since established energy majors return large amounts of cash. Because nearly the entire basket sits in a handful of mega-caps, performance swings sharply with the commodity cycle.
Risk Profile
The core risk is concentration: 100% of the portfolio sits in the energy sector, and Exxon Mobil plus Chevron alone account for nearly 39%. The fund is explicitly non-diversified. If oil and gas prices fall, whether from weak demand or oversupply, the price can drop sharply.
Longer term, structural risks from the energy transition and regulatory pressure also weigh on the sector. For euro-area investors there is currency risk: the ETF is denominated in U.S. dollars, so a weaker dollar can erode euro returns regardless of how the share price itself moves. The wide gap between the 52-week low and high underlines its volatile nature.
Which Investors Is It Suited For?
XLE suits convicted, experienced investors who want targeted exposure to the energy sector and can stomach short-term swings. It works as a tactical satellite holding for those seeking a hedge against inflation or energy-price spikes, or who believe in sustained commodity demand. The time horizon should span several years to ride out cycles.
It is less appropriate as a core holding or the only building block of a portfolio, since the lack of diversification raises risk. Safety-oriented investors, beginners with low risk tolerance, and anyone who prefers a broadly diversified global portfolio should lean toward market-wide ETFs instead.
How It Compares to Peers
The U.S. energy segment offers several credible alternatives from other issuers:
- Vanguard Energy ETF (VDE): broader than XLE because it also includes mid- and small-cap energy names, at similarly low cost.
- iShares U.S. Energy ETF (IYE): also focused on U.S. energy, though typically with a higher expense ratio.
- Invesco S&P 500 Equal Weight Energy ETF (RSPG): weights every holding equally, reducing the single-name risk of giants like Exxon and Chevron.
XLE stands out for deep liquidity, $41.4B in assets and a very cheap 0.08% expense ratio.
Where can I buy XLE?
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