5 Best Performing Small-Cap ETFs in 2022

1. SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES)

YTD Return as of December 9: 41.49%

Topping our list of the best performing small-cap ETFs in 2022 is the SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES). The fund uses a representative sampling technique to track the returns of the S&P Oil & Gas Equipment & Services Select Industry Index. As of December 9, the fund has gained 41.49% year to date and has outperformed the S&P 500 by over 59%. The fund has an expense ratio of 0.35% and is offering a yield of 0.36%.

The SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) has $320.06 million and a top ten holdings concentration of 42.23%. The fund has 35 investments concentrated in the energy sector. Of the fund’s top ten holdings, Halliburton Company (NYSE:HAL) is the most notable one. As of September 30, Pzena Investment Management is the top stockholder in Halliburton Company (NYSE:HAL) and has disclosed a position worth $384.5 million in the company.

On December 9, Raymond James analyst James Rollyson started coverage of Halliburton Company (NYSE:HAL) with a Strong Buy rating and a $53 price target.

Here is what Aristotle Atlantic Partners, LLC had to say about Halliburton Company (NYSE:HAL) in its third-quarter 2022 investor letter:

“Halliburton Company (NYSE:HAL) provides energy, engineering and construction services and is a manufacturer of products for the energy industry. The company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas. Halliburton operates two business segments: Completion & Production and Drilling & Evaluation.

Our conviction in longer-term operating leverage is supported by the focus on improving cost structures. Upstream oil and gas spending over the longer term can benefit Exploration & Production (E&P) firms from sustained high oil and gas prices and a renewed urgency in global energy security. We believe the rightsizing of the company’s cost structure and forward focus on margins at the same time as E&Ps respond to new investment signals will drive both topline and bottom-line growth.”

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