LRCX vs. XOP
LRCX (Lam Research Corporation) 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, LRCX returned 43.17%/yr vs 4.18%/yr for XOP. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
LRCX vs. XOP - Performance Comparison
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Returns By Period
In the year-to-date period, LRCX achieves a 72.43% return, which is significantly higher than XOP's 39.27% return. Over the past 10 years, LRCX has outperformed XOP with an annualized return of 43.17%, while XOP has yielded a comparatively lower 4.18% annualized return.
LRCX
- 1D
- 0.54%
- 1M
- -16.16%
- 6M
- 24.28%
- YTD
- 72.43%
- 1Y
- 207.40%
- 3Y*
- 63.65%
- 5Y*
- 36.72%
- 10Y*
- 43.17%
- ALL TIME*
- 23.69%
XOP
- 1D
- -1.76%
- 1M
- 12.70%
- 6M
- 29.52%
- YTD
- 39.27%
- 1Y
- 44.16%
- 3Y*
- 9.05%
- 5Y*
- 19.96%
- 10Y*
- 4.18%
- ALL TIME*
- 2.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.70B | $3.64B | $3.95B | |
| $549.60M | $554.39M | $593.33M |
LRCX vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 72.43% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 39.27% | -2.15% | -1.00% | 3.56% | 45.37% | 66.74% | -36.40% | -9.44% | -28.10% | -9.47% |
Correlation
The correlation between LRCX and XOP is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.35 |
The correlation between LRCX and XOP shifts across timeframes, from -0.16 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LRCX vs. XOP — Risk / Return Rank
LRCX
XOP
LRCX vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lam Research Corporation (LRCX) 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.
| LRCX | XOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.26 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | 2.40 | +2.60 |
| Martin ratioReturn relative to average drawdown | 20.68 | 5.80 | +14.88 |
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Drawdowns
LRCX vs. XOP - Drawdown Comparison
The maximum LRCX drawdown since its inception was -87.90%, roughly equal to the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for LRCX and XOP.
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Drawdown Indicators
| LRCX | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.90% | -90.27% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -41.76% | -18.50% | -23.26% |
Max Drawdown (3Y)Largest decline over 3 years | -47.10% | -34.98% | -12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -56.39% | -34.98% | -21.41% |
Max Drawdown (10Y)Largest decline over 10 years | -56.39% | -82.61% | +26.22% |
Current DrawdownCurrent decline from peak | -32.01% | -34.91% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -28.13% | -42.55% | +14.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 7.64% | +2.44% |
Volatility
LRCX vs. XOP - Volatility Comparison
Lam Research Corporation (LRCX) has a higher volatility of 25.56% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 8.64%. This indicates that LRCX'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.
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Volatility by Period
| LRCX | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.56% | 8.64% | +16.92% |
Volatility (6M)Calculated over the trailing 6-month period | 52.01% | 22.60% | +29.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.03% | 28.35% | +34.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.99% | 33.53% | +15.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.21% | 40.15% | +6.06% |
Dividends
LRCX vs. XOP - Dividend Comparison
LRCX's dividend yield for the trailing twelve months is around 0.35%, less than XOP's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 0.35% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
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% |
Frequently Asked Questions
LRCX and XOP have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRCX has higher volatility (25.56%) compared to XOP (8.64%). In terms of maximum drawdown, LRCX dropped -87.90% vs XOP's -90.27%.
LRCX currently has the higher Sharpe Ratio (3.32 vs 1.57), 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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