XOP
State Street 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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 3.5 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Jun 19, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SM ENERGY CO | 3.2 % |
| HF SINCLAIR CORPORATION | 3.1 % |
| MURPHY OIL CORP | 3.0 % |
| CHORD ENERGY CORPORATION | 3.0 % |
| APA CORP. | 3.0 % |
| DIAMONDBACK ENERGY INC | 2.9 % |
| MARATHON PETROLEUM | 2.8 % |
| VIPER ENERGY INC CL A | 2.8 % |
| DEVON ENERGY CORPORATION | 2.7 % |
| OVINTIV INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 44 |
| Herfindahl-Hirschman Index | 244 |
| Wgt avg mkt cap (mns) | $39,465 |
| Large cap (>$10bn) | 39.7% |
| Mid cap ($2-10bn) | 35.7% |
| Small cap (<$2bn) | 11.8% |
| Developed mkts. | 88.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 88.2 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 41.1% | 61.0% | 8.5% | 11.9% | 17.3% | 2.2% | -- | 1.3% |
| Dividend Yield | 0.6% | 3.9% | 2.6% | 2.7% | 2.8% | 2.0% | -- | 1.4% |
| Total Returns | 41.7% | 64.8% | 11.1% | 14.7% | 20.1% | 4.2% | -- | 2.7% | Ann. Volatility | 30.6% | 27.1% | 29.7% | 27.8% | 34.0% | 40.3% | -- | 40.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.18 | 1% |
| MSCI EAFE | -0.16 | 1% |
| MSCI Emg Mkts | -0.03 | 0% |
Liquidity Measures
| Avg. volume (000) | 3,550 |
| ADV traded (mns) | $620 |
| Turnover | 17.6% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $170.32 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.20/0.47 |
| Bollinger Bands (Upper/Lower) | $181.52/$160.27 |
| Short interest (% of AUM) | 140.9% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XOP |
Expenses vs. XOP |
ALTAR Score™ vs. XOP |
|---|---|---|---|---|
| FCG | First Trust Natural Gas ETF | 53.8% | +25 bp | +2.4% |
| PXE | Invesco Energy Exploration & Production ETF | 53.1% | +25 bp | +1.9% |
| FXN | First Trust Energy AlphaDEX Fund | 49.2% | +27 bp | +0.4% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 46.3% | +5 bp | +0.1% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 43.1% | +25 bp | -1.0% |
| DRLL | Strive U.S. Energy ETF | 42.7% | +6 bp | -1.8% |
| LNGX | Global X U.S. Natural Gas ETF | 37.6% | +10 bp | 0.0% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | 36.9% | +25 bp | -3.5% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 36.1% | +5 bp | -1.4% |
| FENY | Fidelity MSCI Energy Index ETF | 33.1% | -27 bp | -2.5% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 5/21/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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 Rating
9.4%
ALTAR SCORE™
98th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,347 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. XOP's ALTAR Score™ is approximately 2.0 standard
deviations above the category average. This places XOP in the 98th percentile
among funds in the category.
Sell-Side Consensus
$166.94
PRICE TARGET
-4.5%
UPSIDE