XOP — State Street SPDR S&P Oil & Gas Exploration & Production ETF
Energy Ranked #290 of 458 tracked ETFs · Issued by State Street Investment Management
XOP Price Performance — Growth of $10,000
Value of a $10,000 investment in XOP over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
XOP Drawdown
The "underwater" chart: XOP's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in XOP?
See what a lump sum in XOP would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The State Street SPDR S&P Oil & Gas Exploration & Production ETF, trading under the ticker XOP, is an Energy sector fund managed by State Street Investment Management. With $2.91 billion in assets under management and a current price of $166.37, the fund represents a significant presence among the 10 ETFs tracked in its specific category. It holds an overall rank of #290 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of C with a score of 57.3 out of 100. The fund charges an expense ratio of 0.35% while offering a dividend yield of 0.82%. These metrics suggest a mid-tier cost structure and modest income generation relative to its asset size. The combination of a substantial asset base and a mid-range rank indicates established investor adoption within the broader market landscape.
Recent price action shows a sharp decline of 1.60% over one day and a further drop of 4.29% over one week. However, the fund has demonstrated strong recovery and growth over longer horizons, posting a 7.56% gain in one month. The three-month return of -1.35% contrasts with a robust 24.53% increase over six months. Year-to-date performance stands at +30.16%, while the one-year return has reached +32.98%. Over a three-year period, the fund has delivered a cumulative return of +27.34%. This pattern indicates a divergence where short-term volatility has been offset by significant long-term appreciation.
The fund carries a High volatility label and exhibits a negative beta of -0.12, suggesting its price movements have historically moved inversely to the broader market. A Sharpe ratio of 0.99 indicates that the returns generated have been efficient relative to the risk taken during the measurement period. Despite these positive risk-adjusted metrics, the fund experienced a maximum drawdown of -34.98%, reflecting substantial potential for capital loss during downturns. This combination of high volatility and a negative beta implies the fund may act as a hedge or divergent asset rather than a direct market proxy. Investors should note that the significant drawdown figure underscores the potential for sharp declines even when long-term trends are positive.
AI-generated summary based on the data on this page.
XOP Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | State Street Global Advisors | 4.70% | $167M |
| 2 | APA Corp | 3.00% | $106M |
| 3 | Venture Global Inc | 2.95% | $105M |
| 4 | SM Energy Co | 2.84% | $101M |
| 5 | Murphy Oil Corp | 2.83% | $100M |
| 6 | Occidental Petroleum Corp | 2.73% | $97M |
| 7 | Chord Energy Corp | 2.66% | $94M |
| 8 | PBF Energy Inc | 2.65% | $94M |
| 9 | ConocoPhillips | 2.63% | $93M |
| 10 | Matador Resources Co | 2.62% | $93M |
Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 29.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XOP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With XOP
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XOP's top 10 — SLYV overlaps most, holding 2 of the same companies as XOP's top 10 (7.5% of XOP's assets).
| ETF | Name | Shared Companies | XOP Weight | Examples |
|---|---|---|---|---|
| SLYV | State Street SPDR S&P 600 Small Cap Value ETF | 2 | 7.5% | State Street Global Advisors, SM Energy Co |
| SPDW | State Street SPDR Portfolio Developed World ex-US ETF | 1 | 4.7% | State Street Global Advisors |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 1 | 4.7% | State Street Global Advisors |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | 1 | 4.7% | State Street Global Advisors |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 1 | 4.7% | State Street Global Advisors |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What XOP's Fees Cost You
XOP charges an expense ratio of 0.35% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
XOP Dividend Income Estimator
XOP currently yields 0.82%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
XOP Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is — and average daily volume is 3.6M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.91B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: XOP is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
XOP Performance History
| Period | Return |
|---|---|
| 1-Day | -1.60% |
| 1-Week | -4.29% |
| 1-Month | +7.56% |
| 3-Month | -1.35% |
| 6-Month | +24.53% |
| YTD | +30.16% |
| 1-Year | +32.98% |
| 3-Year | +27.34% |
How XOP Compares to Other Energy ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #40 | B+ |
XLE | State Street Energy Select Sector SPDR ETF | +36.31% | 0.08% | $35.7B |
| #45 | B |
MLPX | Global X MLP & Energy Infrastructure ETF | +28.56% | 0.45% | $3.48B |
| #69 | B |
VDE | Vanguard Energy Index Fund ETF Shares | +36.41% | 0.09% | $11.1B |
| #101 | B |
FENY | Fidelity MSCI Energy Index ETF | +36.44% | 0.084% | $1.75B |
| #122 | B |
AMLP | Alerian MLP ETF | +21.01% | 1.01% | $12.2B |
| #143 | B |
IYE | iShares U.S. Energy ETF | +35.56% | 0.38% | $1.53B |
| #244 | C |
OIH | VanEck Oil Services ETF | +49.81% | 0.35% | $1.99B |
| #279 | C |
IEO | iShares U.S. Oil & Gas Exploration & Production ETF | +36.23% | 0.38% | $516M |
| #290 | C |
XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | +32.98% | 0.35% | $2.91B |
| #391 | D |
ICLN | iShares Global Clean Energy ETF | +24.41% | 0.39% | $2.91B |