LNGX vs. XOP

Last updated Jun 4, 2026

LNGX (Global X U.S. Natural Gas ETF) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both Energy Equities funds - LNGX tracks the Global X U.S. Natural Gas Index while XOP tracks the S&P Oil & Gas Exploration & Production Select Industry. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. LNGX charges 0.45%/yr vs 0.35%/yr for XOP.

Performance

LNGX vs. XOP - Performance Comparison

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

Returns By Period

In the year-to-date period, LNGX achieves a 20.47% return, which is significantly lower than XOP's 36.08% return.

LNGX

• 1D: 0.76%
• 1M: -6.84%
• YTD: 20.47%
• 6M: 13.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XOP

• 1D: 1.35%
• 1M: -5.46%
• YTD: 36.08%
• 6M: 26.81%
• 1Y: 41.73%
• 3Y*: 14.10%
• 5Y*: 14.86%
• 10Y*: 3.80%

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

LNGX vs. XOP - Yearly Performance Comparison

	2026 (YTD)	2025
LNGX Global X U.S. Natural Gas ETF	20.47%	5.97%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	36.08%	0.65%

Correlation

The correlation between LNGX and XOP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	0.92

Return for Risk

LNGX vs. XOP — Risk / Return Rank

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

XOP

XOP Risk / Return Rank: 43
XOP Sharpe Ratio Rank: 42
XOP Sortino Ratio Rank: 38
XOP Omega Ratio Rank: 37
XOP Calmar Ratio Rank: 55
XOP Martin Ratio Rank: 43

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.

LNGX vs. XOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Natural Gas ETF (LNGX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LNGX	XOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.10	0.06	+2.03

Drawdowns

LNGX vs. XOP - Drawdown Comparison

The maximum LNGX drawdown since its inception was -14.31%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for LNGX and XOP.

Drawdown Indicators

	LNGX	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-90.27%	+75.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.61%	—
Current Drawdown Current decline from peak	-11.36%	-36.40%	+25.04%
Average Drawdown Average peak-to-trough decline	-4.37%	-42.59%	+38.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.90%	—

Volatility

Volatility by Period

	LNGX	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	27.81%	-3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	33.88%	-9.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	40.28%	-15.61%

LNGX vs. XOP - Expense Ratio Comparison

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

Dividends

LNGX vs. XOP - Dividend Comparison

LNGX's dividend yield for the trailing twelve months is around 0.22%, less than XOP's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LNGX Global X U.S. Natural Gas ETF	0.22%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	1.90%	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

Can I hold both LNGX and XOP in my portfolio?

With a correlation of 0.92, LNGX and XOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, LNGX or XOP?

On fees, XOP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LNGX or XOP?

XOP is cheaper with a 0.35% expense ratio, compared with 0.45% for LNGX.

Which ETF pays a higher dividend yield, LNGX or XOP?

XOP has the higher dividend yield at 1.90%, compared with 0.22% for LNGX.

What is the main difference between LNGX and XOP?

LNGX tracks Global X U.S. Natural Gas Index, while XOP tracks S&P Oil & Gas Exploration & Production Select Industry. They also come from different issuers: Global X and State Street. Their fees differ too: 0.45% for LNGX and 0.35% for XOP.