FPI vs. XOP
FPI (Farmland Partners 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, FPI returned 2.10%/yr vs 5.00%/yr for XOP. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
FPI vs. XOP - Performance Comparison
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Returns By Period
In the year-to-date period, FPI achieves a -1.20% return, which is significantly lower than XOP's 41.76% return. Over the past 10 years, FPI has underperformed XOP with an annualized return of 2.10%, while XOP has yielded a comparatively higher 5.00% annualized return.
FPI
- 1D
- -0.74%
- 1M
- -3.71%
- 6M
- -18.05%
- YTD
- -1.20%
- 1Y
- -7.41%
- 3Y*
- 0.27%
- 5Y*
- -1.10%
- 10Y*
- 2.10%
- ALL TIME*
- 1.20%
XOP
- 1D
- 1.45%
- 1M
- 14.72%
- 6M
- 27.63%
- YTD
- 41.76%
- 1Y
- 46.74%
- 3Y*
- 10.13%
- 5Y*
- 19.29%
- 10Y*
- 5.00%
- ALL TIME*
- 2.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.53M | $3.78M | $4.02M | |
| $553.31M | $544.38M | $598.08M |
FPI vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | -1.20% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 32.09% | 53.84% | -45.13% | -17.84% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 41.76% | -2.15% | -1.00% | 3.56% | 45.37% | 66.74% | -36.40% | -9.44% | -28.10% | -9.47% |
Correlation
The correlation between FPI and XOP is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2014 | 0.24 |
The correlation between FPI and XOP shifts across timeframes, from -0.04 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FPI vs. XOP — Risk / Return Rank
FPI
XOP
FPI vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmland Partners Inc. (FPI) 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.
| FPI | XOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.24 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.26 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.47 | 5.48 | -5.95 |
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Drawdowns
FPI vs. XOP - Drawdown Comparison
The maximum FPI drawdown since its inception was -59.77%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for FPI and XOP.
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Drawdown Indicators
| FPI | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -90.27% | +30.50% |
Max Drawdown (1Y)Largest decline over 1 year | -27.04% | -18.50% | -8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -27.04% | -34.98% | +7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -34.98% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -82.61% | +25.17% |
Current DrawdownCurrent decline from peak | -27.70% | -33.74% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -23.64% | -42.56% | +18.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.17% | 7.67% | +5.50% |
Volatility
FPI vs. XOP - Volatility Comparison
The current volatility for Farmland Partners Inc. (FPI) is 4.78%, while SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a volatility of 8.28%. This indicates that FPI 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.
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Volatility by Period
| FPI | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 8.28% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 22.52% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 28.49% | -6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.06% | 33.53% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 40.15% | -4.49% |
Dividends
FPI vs. XOP - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 5.35%, more than XOP's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 5.35% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 1.83% | 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
FPI and XOP have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XOP has higher volatility (8.28%) compared to FPI (4.78%). In terms of maximum drawdown, FPI dropped -59.77% vs XOP's -90.27%.
XOP currently has the higher Sharpe Ratio (1.47 vs -0.28), 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.
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