XES vs MUA

Comparison between STATE STREET(R) SPDR(R) S&P(R) OIL & GAS EQUIPMENT & SERVICES ETF (XES, ETF) and BlackRock Muniassets Fund Inc (MUA, ETF).

5-Year PerformanceXES has outperformed MUA, delivering a return of +12.9% compared to -3.0%

XES vs MUA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XES(ETF)	MUA(ETF)
Net Assets	$566M	$564M
Expense Ratio	0.35%	N/A
Max Drawdown	96.13%	50.06%
Sharpe Ratio	2.18	0.59
5Y Beta	1.25	0.30
P/E Ratio	2.13	N/A
Forward P/E	17.40	N/A
5Y Dividends CAGR	5.54%	2.47%
Debt to Equity	57.97%	N/A
P/S Ratio	1.57	N/A
P/B Ratio	2.09	N/A

Net Assets

Winner

XES

$566M

MUA

$564M

Expense Ratio

XES

0.35%

MUA

N/A

Max Drawdown

XES

96.13%

Winner

MUA

50.06%

Sharpe Ratio

Winner

XES

2.18

MUA

0.59

5Y Beta

XES

1.25

Winner

MUA

0.30

P/E Ratio

XES

2.13

MUA

N/A

Forward P/E

XES

17.40

MUA

N/A

5Y Dividends CAGR

Winner

XES

5.54%

MUA

2.47%

Debt to Equity

XES

57.97%

MUA

N/A

P/S Ratio

XES

1.57

MUA

N/A

P/B Ratio

XES

2.09

MUA

N/A

XES vs MUA - Historical Returns

Returns include dividend reinvestment.

Period	XES	MUA
1 month	-7.81%	+1.18%
3 months	+7.81%	-1.31%
6 months	+37.78%	+1.22%
1 year	+92.56%	+10.84%
5 years(CAGR)	+12.89%	-3.04%
10 years(CAGR)	-3.63%	+1.75%
Max(CAGR)	-3.26%	+5.50%

XES

-7.81%

Winner

MUA

+1.18%

Winner

XES

+7.81%

MUA

-1.31%

Winner

XES

+37.78%

MUA

+1.22%

Winner

XES

+92.56%

MUA

+10.84%

5Y(CAGR)

Winner

XES

+12.89%

MUA

-3.04%

10Y(CAGR)

XES

-3.63%

Winner

MUA

+1.75%

Max(CAGR)

XES

-3.26%

Winner

MUA

+5.50%

XES vs MUA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	XES	MUA
2026	+39.96%	+2.39%
2025	+3.14%	+1.85%
2024	-4.25%	+7.82%
2023	+13.12%	+2.51%
2022	+51.13%	-22.70%
2021	+10.31%	+5.79%
2020	-43.49%	+0.79%
2019	-11.19%	+20.17%
2018	-47.99%	-9.56%
2017	-23.97%	+16.03%
2016	+26.40%	-0.55%
2015	-37.08%	+9.17%
2014	-33.64%	+26.85%
2013	+23.60%	-14.06%
2012	-3.16%	+17.94%
2011	-5.35%	+14.51%
2010	+25.70%	+1.74%
2009	+57.07%	+43.10%
2008	-58.54%	-27.76%
2007	+45.43%	-12.40%
2006	+4.12%	+18.85%
2005	N/A	+18.85%
2004	N/A	+16.12%
2003	N/A	+4.66%
2002	N/A	+9.73%
2001	N/A	-3.63%
2000	N/A	+16.97%
1999	N/A	-5.42%

XES vs MUA Drawdown Comparison

The maximum drawdown for XES was -95.65%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The maximum drawdown for MUA was -43.01%, occurring on Oct 23, 2023. This drawdown has not yet recovered.

The current XES drawdown is -71.96%. The current MUA drawdown is -18.63%.

Rank	XES	MUA
#1	-95.65% Jun 23, 2008 - Mar 18, 2020	-43.01% Jun 15, 2021 - Oct 23, 2023
#2	-20.51% Jul 3, 2006 - Dec 14, 2006	-41.80% May 2, 2007 - Jul 2, 2010
#3	-17.98% Jan 3, 2008 - Apr 14, 2008	-36.19% Feb 10, 2020 - Feb 8, 2021
#4	-15.62% Dec 14, 2006 - Mar 26, 2007	-20.12% Jan 24, 2013 - Sep 2, 2014
#5	-13.81% Jul 23, 2007 - Sep 19, 2007	-16.95% Oct 13, 2017 - Mar 26, 2019
#6	-12.31% Oct 15, 2007 - Jan 3, 2008	-15.30% Jul 12, 2016 - Jul 11, 2017
#7	-6.47% Apr 21, 2008 - May 8, 2008	-14.32% Oct 1, 2010 - Dec 8, 2011
#8	-4.97% May 20, 2008 - Jun 9, 2008	-14.20% Aug 30, 2001 - Apr 15, 2003
#9	-4.70% Jun 4, 2007 - Jun 14, 2007	-12.88% Feb 17, 2004 - Sep 13, 2004
#10	-3.68% Jun 9, 2008 - Jun 17, 2008	-10.26% Feb 11, 2021 - May 24, 2021
#11	-3.66% Apr 16, 2007 - Apr 25, 2007	-9.51% Nov 5, 1999 - Aug 18, 2000
#12	-3.59% May 21, 2007 - Jun 4, 2007	-9.03% May 8, 2003 - Jan 21, 2004
#13	-3.51% Jun 22, 2007 - Jul 6, 2007	-7.51% Nov 6, 2019 - Jan 22, 2020
#14	-3.28% Sep 21, 2007 - Oct 10, 2007	-7.03% Mar 8, 2012 - Apr 24, 2012
#15	-2.65% Jul 12, 2007 - Jul 19, 2007	-7.02% Feb 7, 2005 - Apr 27, 2005

Correlation

Correlation between XES and MUA is -0.78 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.78

-101

Dividend Comparison (2000 - 2026)

XES vs MUA dividend yield comparison.

Year	XES	MUA
2026	0.27%	2.60%
2025	1.69%	6.22%
2024	1.32%	6.03%
2023	0.66%	4.84%
2022	0.36%	6.72%
2021	1.81%	5.06%
2020	1.33%	4.35%
2019	1.43%	4.37%
2018	1.14%	5.12%
2017	1.68%	4.61%
2016	0.64%	5.24%
2015	2.47%	5.25%
2014	1.59%	5.50%
2013	0.63%	6.53%
2012	0.73%	5.58%
2011	0.29%	6.01%
2010	0.86%	6.63%
2009	0.62%	6.78%
2008	1.05%	9.34%
2007	0.47%	6.57%
2006	0.05%	5.38%
2005	0.00%	5.96%
2004	0.00%	6.33%
2003	0.00%	6.83%
2002	0.00%	6.73%
2001	0.00%	7.11%
2000	0.00%	2.73%