MTDR vs. XOP

Last updated Jul 11, 2026

MTDR (Matador Resources Company) 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, MTDR returned 9.53%/yr vs 2.97%/yr for XOP. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

MTDR vs. XOP - 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 Exploration & Production ETF (XOP). 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 XOP's 26.71% return. Over the past 10 years, MTDR has outperformed XOP with an annualized return of 9.53%, while XOP has yielded a comparatively lower 2.97% 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%

XOP

• 1D: -0.56%
• 1M: -2.49%
• 6M: 25.57%
• YTD: 26.71%
• 1Y: 21.93%
• 3Y*: 8.56%
• 5Y*: 13.75%
• 10Y*: 2.97%

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

MTDR vs. XOP - 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%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	26.71%	-2.15%	-1.00%	3.56%	45.37%	66.74%	-36.40%	-9.44%	-28.10%	-9.47%

Correlation

The correlation between MTDR and XOP is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012	0.82

The correlation between MTDR and XOP has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

MTDR vs. XOP — 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

XOP

XOP Risk / Return Rank: 27
XOP Sharpe Ratio Rank: 27
XOP Sortino Ratio Rank: 26
XOP Omega Ratio Rank: 26
XOP Calmar Ratio Rank: 30
XOP Martin Ratio Rank: 27

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. XOP - 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 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.

	MTDR	XOP	Difference
Sharpe ratio: Return per unit of total volatility	0.04	0.81	-0.77
Sortino ratio: Return per unit of downside risk	0.33	1.22	-0.88
Omega ratio: Gain probability vs. loss probability	1.04	1.15	-0.11
Calmar ratio: Return relative to maximum drawdown	0.06	1.23	-1.17
Martin ratio: Return relative to average drawdown	0.12	3.01	-2.89

MTDR vs. XOP - Sharpe Ratio Comparison

The current MTDR Sharpe Ratio is 0.04, which is lower than the XOP Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of MTDR and XOP, 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. XOP - Drawdown Comparison

The maximum MTDR drawdown since its inception was -96.50%, which is greater than XOP's maximum drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for MTDR and XOP.

Drawdown Indicators

	MTDR	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-96.50%	-90.27%	-6.23%
Max Drawdown (1Y) Largest decline over 1 year	-28.76%	-18.50%	-10.26%
Max Drawdown (3Y) Largest decline over 3 years	-46.83%	-34.98%	-11.85%
Max Drawdown (5Y) Largest decline over 5 years	-48.29%	-34.98%	-13.31%
Max Drawdown (10Y) Largest decline over 10 years	-96.50%	-82.61%	-13.89%
Current Drawdown Current decline from peak	-24.81%	-40.77%	+15.96%
Average Drawdown Average peak-to-trough decline	-25.07%	-42.57%	+17.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.27%	7.54%	+6.73%

Volatility

MTDR vs. XOP - Volatility Comparison

Matador Resources Company (MTDR) has a higher volatility of 9.39% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 7.88%. This indicates that MTDR'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.

Volatility by Period

	MTDR	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	7.88%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	30.06%	22.07%	+7.99%
Volatility (1Y) Calculated over the trailing 1-year period	40.37%	28.03%	+12.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.08%	33.73%	+13.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.91%	40.17%	+24.74%

Dividends

MTDR vs. XOP - Dividend Comparison

MTDR's dividend yield for the trailing twelve months is around 2.80%, more than XOP's 2.05% 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%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	2.05%	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 MTDR and XOP in my portfolio?

MTDR and XOP have a correlation of 0.88, 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 XOP?

MTDR has higher volatility (9.39%) compared to XOP (7.88%). In terms of maximum drawdown, MTDR dropped -96.50% vs XOP's -90.27%.

Which has better risk-adjusted returns?

XOP currently has the higher Sharpe Ratio (0.81 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.