Investing Port

This ETF offers exposure to the equipment and services sub-sector of the U.S. energy industry. XES is probably too targeted for any investor with a long-term focus, though it can be useful for those seeking exposure to the energy industry without focusing exclusively on major refiners and drillers such as Exxon and Chevron. XES is unique because it seeks to replicate an equal-weighted index; as such, exposure is balanced more evenly across the portfolio stocks than a fund such as IEO, which includes many of the same companies but allocates big percentages to a few large cap companies. XES is also more appealing from a cost perspective, making this ETF the preferred way to gain exposure to companies that provide equipment and services to the oil industry.