SPDR S&P 500 ETF Trust
Price
$773.17
YTD
+12.85%
Expense
0.09%
Yield
1.25%
XLE
XLE NYSE
Energy Select Sector SPDR Fund · by State Street
Price
$64.62
YTD return
-2.50%
1Y return
5.80%
Expense ratio
0.09%
Dividend yield
3.45%
AUM
$38B
Energy Select Sector SPDR Fund provides concentrated exposure to S&P 500 energy companies including oil, gas, and renewable energy.
What is XLE?
Energy Select Sector SPDR Fund (XLE) provides concentrated exposure to S&P 500 energy companies. The fund is heavily weighted toward integrated oil & gas majors, with ExxonMobil and Chevron alone representing over 35% of assets.
Sub-Sector Allocation
- Integrated Oil & Gas: 42.5%
- Exploration & Production: 22.8%
- Refining & Marketing: 12.5%
- Oil Equipment & Services: 10.2%
- Storage & Transportation: 8.5%
- Coal & Consumable Fuels: 3.5%
Energy Sector Dynamics
Energy stocks are highly correlated with oil prices. XLE thrives when crude oil prices rise and suffers during price collapses. The sector also benefits from geopolitical tensions and supply constraints from OPEC+ production cuts.
Dividend Income
Energy companies have become major dividend payers, with XLE yielding approximately 3.2%. After years of capital discipline post-2020, energy companies are returning more cash to shareholders through dividends and buybacks.
XLE as an Inflation Hedge
Energy stocks have historically provided strong inflation protection since oil prices tend to rise with inflation. Adding XLE to a portfolio can help offset inflation's negative impact on bonds and growth stocks.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | ExxonMobil | XOM | Energy | 22.50% | $162.21 -1.18% |
| 2 | Chevron | CVX | Energy | 14.80% | $211.32 -0.22% |
| 3 | ConocoPhillips | COP | Oil & Gas | 6.50% | $135.72 -1.08% |
| 4 | EOG Resources | EOG | Oil & Gas | 5.20% | $145.96 -2.01% |
| 5 | Schlumberger | SLB | Oil Services | 4.50% | — |
| 6 | Marathon Petroleum | MPC | Refining | 4.20% | $387.71 0.18% |
| 7 | Pioneer Natural Resources | PXD | Oil & Gas | 3.80% | — |
| 8 | Phillips 66 | PSX | Refining | 3.50% | $254.66 -0.56% |
| 9 | Valero Energy | VLO | Refining | 3.20% | $370.69 1.26% |
| 10 | Williams Companies | WMB | Midstream | 2.80% | $74.05 -1.48% |
Frequently asked questions
Is XLE a good investment in 2026?
XLE is best as a cyclical play on energy prices. It delivers strong returns during commodity upcycles but underperforms during oil price declines.
What companies are in XLE?
XLE is heavily concentrated in ExxonMobil and Chevron (about 40% combined). Other holdings include ConocoPhillips, Schlumberger, and EOG Resources.
Does XLE pay good dividends?
XLE has a competitive dividend yield around 3.5%, attractive for income investors wanting energy sector exposure.
How volatile is XLE?
XLE is one of the most volatile sector ETFs with a beta of 1.04. Energy stocks swing widely based on oil prices and global demand.
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Community
XLE discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of XLE in 2026?
XLE price prediction 2026: what actually drives it?
Does XLE pay a dividend, and how reliable is the yield?
Is XLE a good long-term hold, or too concentrated?
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