MTDR vs. XES

Last updated Jul 11, 2026

MTDR (Matador Resources Company) 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, MTDR returned 9.53%/yr vs -4.13%/yr for XES. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

MTDR vs. XES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matador Resources Company (MTDR) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTDR achieves a 22.72% return, which is significantly lower than XES's 37.45% return. Over the past 10 years, MTDR has outperformed XES with an annualized return of 9.53%, while XES has yielded a comparatively lower -4.13% annualized return.

MTDR

• 1D: -0.08%
• 1M: -4.25%
• 6M: 23.27%
• YTD: 22.72%
• 1Y: 0.99%
• 3Y*: 0.56%
• 5Y*: 9.41%
• 10Y*: 9.53%

XES

• 1D: 1.64%
• 1M: -8.57%
• 6M: 26.49%
• YTD: 37.45%
• 1Y: 65.04%
• 3Y*: 10.31%
• 5Y*: 14.19%
• 10Y*: -4.13%

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

MTDR vs. XES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTDR Matador Resources Company	22.72%	-22.31%	0.37%	0.57%	55.83%	207.33%	-32.89%	15.71%	-50.11%	20.85%
XES SPDR S&P Oil & Gas Equipment & Services ETF	37.45%	5.89%	-5.44%	6.68%	62.03%	12.00%	-43.38%	-9.00%	-46.99%	-21.93%

Correlation

The correlation between MTDR and XES is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012	0.72

The correlation between MTDR and XES shifts across timeframes, from 0.61 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MTDR vs. XES — Risk / Return Rank

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

MTDR

MTDR Risk / Return Rank: 45
MTDR Sharpe Ratio Rank: 47
MTDR Sortino Ratio Rank: 42
MTDR Omega Ratio Rank: 42
MTDR Calmar Ratio Rank: 47
MTDR Martin Ratio Rank: 46

XES

XES Risk / Return Rank: 77
XES Sharpe Ratio Rank: 84
XES Sortino Ratio Rank: 77
XES Omega Ratio Rank: 72
XES Calmar Ratio Rank: 77
XES Martin Ratio Rank: 77

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.

MTDR vs. XES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matador Resources Company (MTDR) 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.

	MTDR	XES	Difference
Sharpe ratio: Return per unit of total volatility	0.04	2.13	-2.08
Sortino ratio: Return per unit of downside risk	0.33	2.75	-2.41
Omega ratio: Gain probability vs. loss probability	1.04	1.34	-0.30
Calmar ratio: Return relative to maximum drawdown	0.06	3.18	-3.12
Martin ratio: Return relative to average drawdown	0.12	11.53	-11.41

MTDR vs. XES - Sharpe Ratio Comparison

The current MTDR Sharpe Ratio is 0.04, which is lower than the XES Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of MTDR and XES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MTDR vs. XES - Drawdown Comparison

The maximum MTDR drawdown since its inception was -96.50%, roughly equal to the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for MTDR and XES.

Drawdown Indicators

	MTDR	XES	Difference
Max Drawdown Largest peak-to-trough decline	-96.50%	-95.65%	-0.85%
Max Drawdown (1Y) Largest decline over 1 year	-28.76%	-20.69%	-8.07%
Max Drawdown (3Y) Largest decline over 3 years	-46.83%	-45.95%	-0.88%
Max Drawdown (5Y) Largest decline over 5 years	-48.29%	-45.95%	-2.34%
Max Drawdown (10Y) Largest decline over 10 years	-96.50%	-91.23%	-5.27%
Current Drawdown Current decline from peak	-24.81%	-73.46%	+48.65%
Average Drawdown Average peak-to-trough decline	-25.07%	-54.44%	+29.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.27%	5.70%	+8.57%

Volatility

MTDR vs. XES - Volatility Comparison

Matador Resources Company (MTDR) and SPDR S&P Oil & Gas Equipment & Services ETF (XES) have volatilities of 9.39% and 9.22%, 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.

Volatility by Period

	MTDR	XES	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	9.22%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	30.06%	21.50%	+8.56%
Volatility (1Y) Calculated over the trailing 1-year period	40.37%	30.96%	+9.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.08%	38.85%	+8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.91%	44.88%	+20.03%

Dividends

MTDR vs. XES - Dividend Comparison

MTDR's dividend yield for the trailing twelve months is around 2.80%, more than XES's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTDR Matador Resources Company	2.80%	3.09%	1.51%	1.14%	0.52%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XES SPDR S&P Oil & Gas Equipment & Services ETF	1.16%	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

Can I hold both MTDR and XES in my portfolio?

MTDR and XES have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTDR or XES?

MTDR has higher volatility (9.39%) compared to XES (9.22%). In terms of maximum drawdown, MTDR dropped -96.50% vs XES's -95.65%.

Which has better risk-adjusted returns?

XES currently has the higher Sharpe Ratio (2.13 vs 0.04), 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.