DRIP vs. XOP
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
DRIP and XOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both DRIP and XOP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIP or XOP.
Key characteristics
| DRIP | XOP | |
|---|---|---|
| YTD Return | -8.28% | 3.98% |
| 1Y Return | -6.31% | 2.74% |
| 3Y Return (Ann) | -38.13% | 11.23% |
| 5Y Return (Ann) | -54.85% | 11.62% |
| Sharpe Ratio | -0.02 | -0.01 |
| Sortino Ratio | 0.31 | 0.14 |
| Omega Ratio | 1.03 | 1.02 |
| Calmar Ratio | -0.01 | -0.00 |
| Martin Ratio | -0.05 | -0.02 |
| Ulcer Index | 19.08% | 9.52% |
| Daily Std Dev | 45.52% | 22.45% |
| Max Drawdown | -99.90% | -90.27% |
| Current Drawdown | -99.87% | -49.83% |
Correlation
The correlation between DRIP and XOP is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DRIP vs. XOP - Performance Comparison
In the year-to-date period, DRIP achieves a -8.28% return, which is significantly lower than XOP's 3.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRIP vs. XOP - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than XOP's 0.35% expense ratio.
Risk-Adjusted Performance
DRIP vs. XOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) 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.
Dividends
DRIP vs. XOP - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 5.38%, more than XOP's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.48% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% | 1.41% | 0.84% |
Drawdowns
DRIP vs. XOP - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.90%, which is greater than XOP's maximum drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for DRIP and XOP. For additional features, visit the drawdowns tool.
Volatility
DRIP vs. XOP - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 16.60% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 7.96%. This indicates that DRIP'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.