SPDR S&P Oil & Gas Exploration & Production ETF (XOP) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XOP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XOP
XOP charges 0.35% annually. There are 8 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 36.33B | Dec 1998 | XOP vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.75B | Oct 2013 | XOP vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.80B | Sep 2004 | XOP vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 408.55M | Nov 2025 | XOP vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | XOP vs GXPE |
Best Risk-Adjusted Alternatives to XOP
XOP has a PortfoliosLab risk / return rank of 27. There are 44 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 91 | 7.18M | May 2025 | XOP vs USNG | |
| FT Energy Income Partners Strategy ETF | 89 | 540.66M | Nov 2022 | XOP vs EIPX | |
| VanEck Oil Refiners ETF | 86 | 164.75M | Aug 2015 | XOP vs CRAK | |
| Bastion Energy ETF | 86 | — | Jun 2025 | XOP vs BESF | |
| Invesco Dynamic Oil & Gas Services ETF | 84 | 65.49M | Oct 2005 | XOP vs PXJ |
Top Performing XOP Alternatives (YTD)
XOP is at 26.71% YTD. There are 13 ETFs in the Energy Equities category with higher YTD returns, going as high as 44.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VistaShares Electrification Supercycle ETF | 44.11% | 64.26M | Oct 2025 | XOP vs POW | |
| Invesco Dynamic Oil & Gas Services ETF | 40.81% | 65.49M | Oct 2005 | XOP vs PXJ | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 37.45% | 382.22M | Jun 2006 | XOP vs XES | |
| WEBs Energy XLE Defined Volatility ETF | 36.52% | — | Jul 2025 | XOP vs DVXE | |
| VanEck Oil Refiners ETF | 34.19% | 164.75M | Aug 2015 | XOP vs CRAK |
Lowest Volatility Alternatives to XOP
XOP has 28.03% 1-year volatility. There are 52 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 10.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Macquarie Global Listed Infrastructure ETF | 10.98% | 6.30M | Nov 2023 | XOP vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.34% | 540.66M | Nov 2022 | XOP vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.69% | 1.14B | Nov 2022 | XOP vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.70% | 152.76M | Apr 2024 | XOP vs MDST | |
| NEOS MLP & Energy Infrastructure High Income ETF | 13.31% | 746.33M | Dec 2025 | XOP vs MLPI |
Lowest Drawdown Alternatives to XOP
XOP has a 1-year max drawdown of -18.50%. There are 42 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 540.66M | Nov 2022 | XOP vs EIPX | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | XOP vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.14B | Nov 2022 | XOP vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | -6.74% | 152.76M | Apr 2024 | XOP vs MDST | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | -6.82% | 7.18M | May 2025 | XOP vs USNG |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $783B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 67 | 11.30% | 783.21B | Jan 1993 | XOP vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 26 | -4.87% | 132.10B | Nov 2004 | XOP vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 68 | 29.35% | 120.59B | Dec 1998 | XOP vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 51 | 12.75% | 52.75B | Sep 2000 | XOP vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 48 | 14.21% | 7.40B | Oct 2015 | XOP vs SPYD | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 68 | 11.34% | 158.31B | Nov 2005 | XOP vs SPYM | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 26 | -4.78% | 27.70B | Jun 2018 | XOP vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 29 | 7.80% | 23.51B | Dec 1998 | XOP vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 1.88% | 46.75B | May 2007 | XOP vs BIL | |
| State Street SPDR Dow Jones Industrial Average ETF... | Large Cap Blend Equities | 57 | 10.23% | 45.34B | Jan 1998 | XOP vs DIA |
Often Compared With XOP
Investors most often compare XOP with OIH, GUSH, DRIP. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare XOP with Any Fund or Stock
Compare XOP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XOP with funds that move differently
SPDR S&P Oil & Gas Exploration & Production ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XOP.
Explore XOP Diversifiers