XOP
SPDR S&P Oil & Gas Exploration & Production ETF
SPDR S&P Oil & Gas Exploration & Production ETF objective is to replicate as closely as possible the S&P Oil & Gas Exploration Index, an equal-weighted index.
Fund Basics
Fund sponsor | SSGA Funds Management Inc |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jun 19, 2006 |
Assets (mns) | $3,638 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
SM ENERGY CO | 2.7 % |
MARATHON PETROLEUM | 2.7 % |
PERMIAN RESOURCES CORPORATION CLASS A | 2.7 % |
HF SINCLAIR CORPORATION | 2.6 % |
PBF ENERGY INC-CLASS A | 2.6 % |
TEXAS PACIFIC LAND CORPORATION | 2.6 % |
APA CORP. | 2.6 % |
VALERO ENERGY CORP | 2.5 % |
OVINTIV INC | 2.5 % |
ANTERO RESOURCES CORP | 2.5 % |
Constituent Breakdown
Number of holdings | 55 |
Herfindahl-Hirschman Index | 214 |
Wgt avg mkt cap (mns) | $35,776 |
Large cap (>$10bn) | 43.2% |
Mid cap ($2-10bn) | 38.5% |
Small cap (<$2bn) | 13.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.9 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
10.7% | 5.9% | 37.5% | 45.9% | -0.5% | -3.5% | 0.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.24 | 28% |
MSCI EAFE | 1.23 | 29% |
MSCI Emg Mkts | 0.90 | 15% |
Liquidity Measures
Avg. volume (000) | 3,862 |
Turnover | 15.5% |
Avg. Bid/Ask (% of price) | 0.01% |
ADV of underlying (mns) | $4,403 |
Technical Indicators
Recent close | $145.53 |
30d moving avg. | $148.38 |
Annualized volatility | 42.0% |
Relative strength (RSI) | 58 |
Short interest (ETF) | 39.8% |
Short interest (underlying) | 5.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. XOP |
Expenses vs. XOP |
ALTAR Score™ vs. XOP |
---|---|---|---|---|
FCG | First Trust Natural Gas ETF | 58.8% | +25 bp | -0.3% |
PXE | Invesco Dynamic Energy Exploration & Production ETF | 54.0% | +28 bp | +2.3% |
PXI | Invesco DWA Energy Momentum ETF | 48.7% | +25 bp | -5.4% |
FTXN | First Trust Nasdaq Oil & Gas ETF | 48.5% | +25 bp | -2.9% |
FXN | First Trust Energy AlphaDEX Fund | 47.4% | +26 bp | -5.0% |
IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 47.4% | +5 bp | -0.8% |
RSPG | Invesco S&P 500 Equal Weight Energy ETF | 37.2% | +5 bp | -2.6% |
FENY | Fidelity MSCI Energy Index ETF | 35.6% | -27 bp | -3.1% |
VDE | Vanguard Energy Index Fund | 35.6% | -25 bp | -3.2% |
IYE | iShares U.S. Energy ETF | 33.7% | +4 bp | -3.4% |
Risk and Returns: XOP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2022 | 2023E | Fwd Est | 2024E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 9/20/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XOP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
XOP
9.2%
Cat. Avg
6.3%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 9.2% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. XOP's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places XOP in the 83rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XOP
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
XOP | 35.0 | 1.4 | 36.4 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .