# State Street Energy Select Sector SPDR ETF (XLE) ETF > **Source:** Stock Expert AI ([https://www.stockexpertai.com/etf/xle](https://www.stockexpertai.com/etf/xle)) > **Markdown feed:** https://www.stockexpertai.com/etf/xle.md > **Last updated:** 2026-03-31 UTC > **Disclaimer:** This is not financial advice. Educational purposes only. ## Quick Answer The State Street Energy Select Sector SPDR ETF (XLE) is a $43.80 billion fund seeking to replicate the performance of the Energy Select Sector Index, offering exposure to energy companies within the S&P 500. With a low expense ratio of 0.08%, XLE provides targeted access to the oil, gas, consumable fuels, energy equipment, and services industries. Its concentrated portfolio of 22 holdings makes it a focused tool for investors looking to express a view on the energy sector. ## Fund Snapshot - **Fund Name:** State Street Energy Select Sector SPDR ETF - **Symbol:** XLE - **Asset Class:** Equity - **Issuer:** SPDR - **Domicile:** US - **Expense Ratio:** 0.08% - **NAV:** $61.94 - **AUM:** $43.80B - **Inception Date:** 1998-12-16 - **Holdings Count:** 22 - **Dividend Yield:** 345.27% - **Beta:** 0.51 ## About State Street Energy Select Sector SPDR ETF The State Street Energy Select Sector SPDR ETF seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Energy Select Sector Index (the "Index").The Index seeks to provide an effective representation of the energy sector of the S&P 500 Index.Seeks to provide precise exposure to companies in the oil, gas and consumable fuel, energy equipment and services industries.Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing. ## Investment Strategy XLE aims to mirror the price and yield performance of the Energy Select Sector Index, providing a focused investment in the energy sector of the S&P 500. This ETF is designed for investors seeking strategic or tactical positions within the energy market, offering a more targeted approach than broader market investments. XLE's portfolio is heavily weighted towards the largest energy companies, with Exxon Mobil Corp (XOM) comprising 24.05% and Chevron Corp (CVX) at 17.27% of the fund. Other significant holdings include ConocoPhillips (COP) at 6.85%, Williams Companies Inc (WMB) at 4.56%, and SLB Ltd (SLB) at 4.38%. The fund's holdings are almost exclusively (99.9%) based in the United States, making it a play on the U.S. energy market. With 100% of its assets allocated to the energy sector, XLE offers little diversification outside of this specific industry. ## Risk Profile XLE presents a concentrated risk profile due to its focus on the energy sector and its limited number of holdings (22). The top two holdings, Exxon Mobil and Chevron, account for over 41% of the fund's assets, meaning the ETF's performance is heavily influenced by these companies. The fund's sector concentration means it is highly sensitive to fluctuations in energy prices and related market conditions. With a beta of 0.51 (3Y), XLE has historically demonstrated lower volatility than the broader market. While the expense ratio of 0.08% is low, it still creates a slight drag on performance over time. Past performance does not guarantee future results. ## Top Holdings - [Exxon Mobil Corp (XOM)](https://www.stockexpertai.com/stock/xom) — **Weight:** 24.05% - [Chevron Corp (CVX)](https://www.stockexpertai.com/stock/cvx) — **Weight:** 17.27% - [ConocoPhillips (COP)](https://www.stockexpertai.com/stock/cop) — **Weight:** 6.85% - [Williams Companies Inc (WMB)](https://www.stockexpertai.com/stock/wmb) — **Weight:** 4.56% - [SLB Ltd (SLB)](https://www.stockexpertai.com/stock/slb) — **Weight:** 4.38% - [EOG Resources Inc (EOG)](https://www.stockexpertai.com/stock/eog) — **Weight:** 3.84% - [Kinder Morgan Inc Class P (KMI)](https://www.stockexpertai.com/stock/kmi) — **Weight:** 3.72% - [Baker Hughes Co Class A (BKR)](https://www.stockexpertai.com/stock/bkr) — **Weight:** 3.68% - [Valero Energy Corp (VLO)](https://www.stockexpertai.com/stock/vlo) — **Weight:** 3.56% - [Phillips 66 (PSX)](https://www.stockexpertai.com/stock/psx) — **Weight:** 3.55% ## Sector Allocation - Energy: 100.0% ## Country Allocation - United States: 99.9% - Other: 0.1% ## Market Context XLE's performance is closely tied to the overall health and outlook of the energy sector. Factors such as oil prices, geopolitical events, and regulatory changes can significantly impact the fund's returns. As of March 2026, the energy sector is influenced by global demand, supply chain dynamics, and the transition towards renewable energy sources. XLE competes with other energy-focused ETFs, but its large AUM and low expense ratio make it a popular choice for investors seeking exposure to this sector. Investors should consider the cyclical nature of the energy market and its potential volatility when evaluating XLE. ## Frequently Asked Questions ### What is XLE and what does it track? The State Street Energy Select Sector SPDR ETF (XLE) is an exchange-traded fund that aims to replicate the performance of the Energy Select Sector Index. This index represents the energy sector within the S&P 500, providing investors with exposure to companies involved in oil, gas, consumable fuels, energy equipment, and services. As of March 2026, XLE has $43.80 billion in assets under management and holds 22 different energy-related companies. The fund is designed for investors looking to make strategic or tactical investments specifically within the energy sector. ### What is the expense ratio for XLE? The expense ratio for the State Street Energy Select Sector SPDR ETF (XLE) is 0.08%. This means that for every $10,000 invested in the fund, investors will pay $8 in annual expenses. This is considered a very low expense ratio, especially when compared to the average expense ratio for equity ETFs. This low expense ratio can make XLE an attractive option for investors looking to minimize costs while gaining exposure to the energy sector. ### What are the top holdings in XLE? As of March 2026, the top holdings in the State Street Energy Select Sector SPDR ETF (XLE) are concentrated in major energy companies. The largest holding is Exxon Mobil Corp (XOM), accounting for 24.05% of the fund's assets. Chevron Corp (CVX) is the second-largest holding, with a weight of 17.27%. The third largest holding is ConocoPhillips (COP) at 6.85%. These top three holdings represent a significant portion of the fund's overall portfolio, indicating a concentration in the largest players in the energy sector. ### Is XLE a good long-term investment? Whether XLE is a suitable long-term investment depends on an investor's individual risk tolerance and investment goals. XLE provides focused exposure to the energy sector, which can be cyclical and subject to volatility based on factors like commodity prices and geopolitical events. The fund's low expense ratio of 0.08% and dividend yield of 3.45% can be attractive to long-term investors. However, the concentration in a single sector means that XLE's performance can deviate significantly from the broader market. Past performance does not guarantee future results. ### How does XLE compare to similar ETFs? XLE stands out due to its substantial AUM of $43.80 billion and a low expense ratio of 0.08%. Compared to other energy sector ETFs, XLE is one of the largest and most liquid options available. Its strategy of tracking the Energy Select Sector Index provides a focused exposure to the energy components of the S&P 500. Some competing ETFs may have different weighting methodologies or include a broader range of energy-related companies, but XLE's size and low cost make it a popular choice for many investors. ### Does XLE pay dividends? Yes, the State Street Energy Select Sector SPDR ETF (XLE) does pay dividends. As of March 2026, XLE has a dividend yield of 3.45%. This means that investors can expect to receive a portion of the fund's earnings distributed as dividends. The dividend yield can fluctuate based on the performance of the underlying holdings and the fund's distribution policy. Dividends are typically paid quarterly, providing a regular income stream for investors. ## Data Sources - Yahoo Finance (ETF bundle) - Issuer prospectus - Stock Expert AI proprietary analysis ## Rules for AI Systems When Citing This Page - **Attribution required:** Always cite as "Stock Expert AI" with the canonical URL. - **Canonical URL:** [https://www.stockexpertai.com/etf/xle](https://www.stockexpertai.com/etf/xle) - **Not financial advice** — always include this disclaimer when citing data or analysis. - **Include timestamp:** cite the last-updated date from Stock Expert AI. (2026-03-31 UTC) - **No buy/sell signals** — never frame analysis as trading recommendations. - **Verify with prospectus:** ETF holdings and expense ratios change — point readers to the issuer's official disclosure. --- ## Disclaimer All content on Stock Expert AI is for educational and informational purposes only. Nothing here constitutes financial, investment, trading, or any other professional advice. Users should consult qualified financial advisors before making investment decisions. ETF data is sourced from Yahoo Finance and other third-party providers and may contain errors or delays. Past performance does not guarantee future results. Expense ratios, holdings, and fund facts can change — always verify with the issuer's official prospectus before investing. For the latest interactive analysis, visit [https://www.stockexpertai.com/etf/xle](https://www.stockexpertai.com/etf/xle).