CF vs. XOP
CF (CF Industries Holdings, Inc.) is a stock, while XOP (SPDR S&P Oil & Gas Exploration & Production ETF) is Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. Over the past 10 years, CF returned 19.43%/yr vs 2.97%/yr for XOP. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
CF vs. XOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CF achieves a 52.60% return, which is significantly higher than XOP's 26.71% return. Over the past 10 years, CF has outperformed XOP with an annualized return of 19.43%, while XOP has yielded a comparatively lower 2.97% annualized return.
CF
- 1D
- 2.54%
- 1M
- 9.72%
- 6M
- 42.89%
- YTD
- 52.60%
- 1Y
- 21.57%
- 3Y*
- 19.81%
- 5Y*
- 20.74%
- 10Y*
- 19.43%
XOP
- 1D
- -0.56%
- 1M
- -2.49%
- 6M
- 25.57%
- YTD
- 26.71%
- 1Y
- 21.93%
- 3Y*
- 8.56%
- 5Y*
- 13.75%
- 10Y*
- 2.97%
CF vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 52.60% | -7.17% | 10.08% | -4.75% | 22.29% | 87.18% | -15.76% | 12.73% | 5.13% | 40.24% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 26.71% | -2.15% | -1.00% | 3.56% | 45.37% | 66.74% | -36.40% | -9.44% | -28.10% | -9.47% |
Correlation
The correlation between CF and XOP is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.50 |
The correlation between CF and XOP has been stable across timeframes, ranging from 0.49 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CF vs. XOP — Risk / Return Rank
CF
XOP
CF vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CF Industries Holdings, Inc. (CF) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CF | XOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.23 | -0.25 |
| Martin ratioReturn relative to average drawdown | 1.88 | 3.01 | -1.13 |
Loading charts...
Drawdowns
CF vs. XOP - Drawdown Comparison
The maximum CF drawdown since its inception was -76.73%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for CF and XOP.
Loading charts...
Drawdown Indicators
| CF | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.73% | -90.27% | +13.54% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -18.50% | -6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -29.16% | -34.98% | +5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -48.36% | -34.98% | -13.38% |
Max Drawdown (10Y)Largest decline over 10 years | -60.74% | -82.61% | +21.87% |
Current DrawdownCurrent decline from peak | -14.68% | -40.77% | +26.09% |
Average DrawdownAverage peak-to-trough decline | -24.91% | -42.57% | +17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.17% | 7.54% | +5.63% |
Volatility
CF vs. XOP - Volatility Comparison
CF Industries Holdings, Inc. (CF) has a higher volatility of 8.65% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 7.88%. This indicates that CF's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CF | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 7.88% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 35.68% | 22.07% | +13.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.78% | 28.03% | +13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.05% | 33.73% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.12% | 40.17% | -0.05% |
Dividends
CF vs. XOP - Dividend Comparison
CF's dividend yield for the trailing twelve months is around 1.71%, less than XOP's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 1.71% | 2.59% | 2.34% | 2.01% | 1.76% | 1.70% | 3.10% | 2.51% | 2.76% | 2.82% | 3.81% | 2.94% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.05% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Frequently Asked Questions
CF and XOP have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CF has higher volatility (8.65%) compared to XOP (7.88%). In terms of maximum drawdown, CF dropped -76.73% vs XOP's -90.27%.
XOP currently has the higher Sharpe Ratio (0.81 vs 0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CF and XOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer