EINC vs. XOP

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Energy Income ETF (EINC) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

EINC and XOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EINC is a passively managed fund by VanEck that tracks the performance of the MVIS North America Energy Infrastructure Index. It was launched on Mar 13, 2012. 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 EINC 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.

Performance

EINC vs. XOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Energy Income ETF (EINC) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The values are adjusted to include any dividend payments, if applicable.

EINC vs. XOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EINC VanEck Energy Income ETF	20.92%	7.11%	42.79%	15.55%	19.18%	38.05%	-19.89%	16.98%	-19.85%	-3.45%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	39.04%	-2.15%	-1.00%	3.56%	45.37%	66.74%	-36.40%	-9.44%	-28.10%	-9.47%

Returns By Period

In the year-to-date period, EINC achieves a 20.92% return, which is significantly lower than XOP's 39.04% return. Over the past 10 years, EINC has outperformed XOP with an annualized return of 13.69%, while XOP has yielded a comparatively lower 5.87% annualized return.

EINC

• 1D: -1.73%
• 1M: -0.19%
• YTD: 20.92%
• 6M: 19.84%
• 1Y: 20.49%
• 3Y*: 29.03%
• 5Y*: 23.58%
• 10Y*: 13.69%

XOP

• 1D: -3.84%
• 1M: 10.02%
• YTD: 39.04%
• 6M: 31.49%
• 1Y: 35.18%
• 3Y*: 13.79%
• 5Y*: 18.14%
• 10Y*: 5.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EINC vs. XOP - Expense Ratio Comparison

EINC has a 0.45% expense ratio, which is higher than XOP's 0.35% expense ratio.

EINC

VanEck Energy Income ETF

XOP

SPDR S&P Oil & Gas Exploration & Production ETF

Return for Risk

EINC vs. XOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EINC

EINC Risk / Return Rank: 56
EINC Sharpe Ratio Rank: 62
EINC Sortino Ratio Rank: 53
EINC Omega Ratio Rank: 60
EINC Calmar Ratio Rank: 53
EINC Martin Ratio Rank: 50

XOP

XOP Risk / Return Rank: 54
XOP Sharpe Ratio Rank: 57
XOP Sortino Ratio Rank: 54
XOP Omega Ratio Rank: 54
XOP Calmar Ratio Rank: 56
XOP Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EINC vs. XOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Energy Income ETF (EINC) 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.

	EINC	XOP	Difference
Sharpe ratio Return per unit of total volatility	1.13	1.05	+0.08
Sortino ratio Return per unit of downside risk	1.48	1.48	0.00
Omega ratio Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	1.45	1.51	-0.06
Martin ratio Return relative to average drawdown	5.03	4.90	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EINC vs. XOP - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 1.13, which is comparable to the XOP Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of EINC and XOP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EINC	XOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.05	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.22	0.53	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.15	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.07	-0.04

Correlation

The correlation between EINC and XOP is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EINC vs. XOP - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 3.81%, more than XOP's 1.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.81%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	1.86%	2.62%	2.45%	2.63%	2.47%	1.61%	2.34%	1.47%	0.99%	0.76%	0.76%	2.21%

Drawdowns

EINC vs. XOP - Drawdown Comparison

The maximum EINC drawdown since its inception was -87.55%, roughly equal to the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for EINC and XOP.

Drawdown Indicators

	EINC	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-90.27%	+2.72%
Max Drawdown (1Y) Largest decline over 1 year	-14.67%	-23.81%	+9.14%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-34.98%	+15.11%
Max Drawdown (10Y) Largest decline over 10 years	-68.85%	-82.61%	+13.76%
Current Drawdown Current decline from peak	-4.88%	-35.01%	+30.13%
Average Drawdown Average peak-to-trough decline	-44.78%	-42.64%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	7.33%	-3.11%

Volatility

EINC vs. XOP - Volatility Comparison

The current volatility for VanEck Energy Income ETF (EINC) is 3.66%, while SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a volatility of 8.36%. This indicates that EINC experiences smaller price fluctuations and is considered to be less risky than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EINC	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	8.36%	-4.70%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	19.57%	-9.42%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	33.73%	-15.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.47%	34.12%	-14.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.48%	40.29%	-14.81%