SPDR® S&P Oil & Gas Equipment&Svcs ETF (XES)
51.15
-2.02 (-3.80%)
USD |
Aug 04, 10:51
XES Alpha (5Y)
Alpha (5Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (5Y) Data
| Date | Value |
|---|---|
| July 31, 2021 | -- |
| June 30, 2021 | -- |
| May 31, 2021 | -- |
| April 30, 2021 | -- |
| March 31, 2021 | -- |
| February 28, 2021 | -- |
| January 31, 2021 | -- |
| December 31, 2020 | -- |
| November 30, 2020 | -- |
| October 31, 2020 | -- |
| September 30, 2020 | -- |
| August 31, 2020 | -- |
| July 31, 2020 | -- |
| June 30, 2020 | -- |
| May 31, 2020 | -- |
| April 30, 2020 | -- |
| March 31, 2020 | -- |
| February 29, 2020 | -- |
| January 31, 2020 | -- |
| December 31, 2019 | -- |
| November 30, 2019 | -- |
| October 31, 2019 | -- |
| September 30, 2019 | -- |
| August 31, 2019 | -- |
| July 31, 2019 | -- |
| Date | Value |
|---|---|
| June 30, 2019 | -- |
| May 31, 2019 | -- |
| April 30, 2019 | -- |
| March 31, 2019 | -- |
| February 28, 2019 | -- |
| January 31, 2019 | -- |
| December 31, 2018 | -- |
| November 30, 2018 | -- |
| October 31, 2018 | -- |
| September 30, 2018 | -- |
| August 31, 2018 | -- |
| July 31, 2018 | -- |
| June 30, 2018 | -- |
| May 31, 2018 | -- |
| April 30, 2018 | -- |
| March 31, 2018 | -- |
| February 28, 2018 | -- |
| January 31, 2018 | -- |
| December 31, 2017 | -- |
| November 30, 2017 | -- |
| October 31, 2017 | -- |
| September 30, 2017 | -- |
| August 31, 2017 | -- |
| July 31, 2017 | -- |
| June 30, 2017 | -- |
Alpha Definition
Alpha measures the excess return that a security provides. Alpha can be measured by taking Risk Adjusted Security Return - Beta*(Risk Adjusted Market Return). This formula will return the outperformance that the security provides. Alpha is an important metric for active investing, where investors look for outperforming a particular benchmark.