KOP vs. XES
KOP (Koppers Holdings Inc.) is a stock, while XES (SPDR S&P Oil & Gas Equipment & Services ETF) is Energy Equities fund tracking the S&P Oil & Gas Equipment & Services Select Industry Index. Over the past 10 years, KOP returned 4.54%/yr vs -3.65%/yr for XES. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
KOP vs. XES - Performance Comparison
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Returns By Period
In the year-to-date period, KOP achieves a 59.14% return, which is significantly higher than XES's 39.22% return. Over the past 10 years, KOP has outperformed XES with an annualized return of 4.54%, while XES has yielded a comparatively lower -3.65% annualized return.
KOP
- 1D
- -3.42%
- 1M
- 6.53%
- YTD
- 59.14%
- 6M
- 60.51%
- 1Y
- 36.31%
- 3Y*
- 10.77%
- 5Y*
- 7.03%
- 10Y*
- 4.54%
XES
- 1D
- -1.07%
- 1M
- -12.19%
- YTD
- 39.22%
- 6M
- 40.00%
- 1Y
- 79.49%
- 3Y*
- 17.82%
- 5Y*
- 12.58%
- 10Y*
- -3.65%
KOP vs. XES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KOP Koppers Holdings Inc. | 59.14% | -15.52% | -36.33% | 82.84% | -9.24% | 0.45% | -18.47% | 124.30% | -66.52% | 26.30% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 39.22% | 5.89% | -5.44% | 6.68% | 62.03% | 12.00% | -43.38% | -9.00% | -46.99% | -21.93% |
Correlation
The correlation between KOP and XES is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.51 |
Over the past year, the correlation between KOP and XES has dropped to 0.24 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
KOP vs. XES — Risk / Return Rank
KOP
XES
KOP vs. XES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Koppers Holdings Inc. (KOP) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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.
| KOP | XES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.40 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 5.32 | -3.79 |
| Martin ratioReturn relative to average drawdown | 2.78 | 18.76 | -15.98 |
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Drawdowns
KOP vs. XES - Drawdown Comparison
The maximum KOP drawdown since its inception was -83.71%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for KOP and XES.
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Drawdown Indicators
| KOP | XES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.71% | -95.65% | +11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -23.96% | -15.03% | -8.93% |
Max Drawdown (3Y)Largest decline over 3 years | -58.44% | -45.95% | -12.49% |
Max Drawdown (5Y)Largest decline over 5 years | -58.44% | -45.95% | -12.49% |
Max Drawdown (10Y)Largest decline over 10 years | -83.71% | -91.23% | +7.52% |
Current DrawdownCurrent decline from peak | -23.17% | -73.11% | +49.94% |
Average DrawdownAverage peak-to-trough decline | -31.57% | -54.40% | +22.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.09% | 4.25% | +8.84% |
Volatility
KOP vs. XES - Volatility Comparison
Koppers Holdings Inc. (KOP) and SPDR S&P Oil & Gas Equipment & Services ETF (XES) have volatilities of 10.45% and 10.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KOP | XES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 10.30% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 26.78% | 20.80% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.78% | 31.19% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.26% | 39.02% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.90% | 44.96% | +3.94% |
Dividends
KOP vs. XES - Dividend Comparison
KOP's dividend yield for the trailing twelve months is around 0.79%, less than XES's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KOP Koppers Holdings Inc. | 0.79% | 1.18% | 0.86% | 0.47% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.15% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Frequently Asked Questions
KOP and XES have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KOP has higher volatility (10.45%) compared to XES (10.30%). In terms of maximum drawdown, KOP dropped -83.71% vs XES's -95.65%.
XES currently has the higher Sharpe Ratio (2.59 vs 0.97), 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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