MDST vs. XOP
Compare and contrast key facts about Westwood Salient Enhanced Midstream Income ETF (MDST) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
MDST and XOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDST is an actively managed fund by Westwood. It was launched on Apr 8, 2024. 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.
Performance
MDST vs. XOP - Performance Comparison
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MDST vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MDST Westwood Salient Enhanced Midstream Income ETF | 11.80% | 7.09% | 17.29% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 44.59% | -2.15% | -15.65% |
Returns By Period
In the year-to-date period, MDST achieves a 11.80% return, which is significantly lower than XOP's 44.59% return.
MDST
- 1D
- -1.07%
- 1M
- 1.13%
- YTD
- 11.80%
- 6M
- 12.54%
- 1Y
- 13.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XOP
- 1D
- -1.97%
- 1M
- 18.76%
- YTD
- 44.59%
- 6M
- 39.10%
- 1Y
- 41.36%
- 3Y*
- 15.28%
- 5Y*
- 19.07%
- 10Y*
- 6.29%
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MDST vs. XOP - Expense Ratio Comparison
MDST has a 0.80% expense ratio, which is higher than XOP's 0.35% expense ratio.
Return for Risk
MDST vs. XOP — Risk / Return Rank
MDST
XOP
MDST vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Midstream Income ETF (MDST) 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.
| MDST | XOP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.24 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.68 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.78 | -0.81 |
Martin ratioReturn relative to average drawdown | 3.74 | 5.81 | -2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDST | XOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.24 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.07 | +1.09 |
Correlation
The correlation between MDST and XOP is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MDST vs. XOP - Dividend Comparison
MDST's dividend yield for the trailing twelve months is around 9.44%, more than XOP's 1.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDST Westwood Salient Enhanced Midstream Income ETF | 9.44% | 10.22% | 6.60% | 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 | 1.79% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Drawdowns
MDST vs. XOP - Drawdown Comparison
The maximum MDST drawdown since its inception was -14.19%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for MDST and XOP.
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Drawdown Indicators
| MDST | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.19% | -90.27% | +76.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -23.81% | +9.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.61% | — |
Current DrawdownCurrent decline from peak | -1.84% | -32.42% | +30.58% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -42.64% | +40.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 7.32% | -3.64% |
Volatility
MDST vs. XOP - Volatility Comparison
The current volatility for Westwood Salient Enhanced Midstream Income ETF (MDST) is 2.15%, while SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a volatility of 7.05%. This indicates that MDST 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
| MDST | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 7.05% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 19.16% | -11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 33.50% | -16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 34.15% | -17.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 40.28% | -24.05% |