TINT vs. XOP

Last updated Jun 4, 2026

TINT (ProShares Smart Materials ETF) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both Energy Equities funds - TINT tracks the Solactive Smart Materials Index - Benchmark TR Net while XOP tracks the S&P Oil & Gas Exploration & Production Select Industry. Both are passively managed. Over the past 3 years, TINT returned 10.12%/yr vs 14.10%/yr for XOP. At a 0.36 correlation, their price movements are largely independent. TINT charges 0.58%/yr vs 0.35%/yr for XOP.

Performance

TINT vs. XOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Smart Materials ETF (TINT) 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, TINT achieves a 25.24% return, which is significantly lower than XOP's 36.08% return.

TINT

• 1D: -2.01%
• 1M: 9.06%
• YTD: 25.24%
• 6M: 25.40%
• 1Y: 44.33%
• 3Y*: 10.12%
• 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)

TINT vs. XOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINT ProShares Smart Materials ETF	25.24%	16.13%	-13.37%	20.04%	-28.14%	1.71%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	36.08%	-2.15%	-1.00%	3.56%	45.37%	-8.94%

Correlation

The correlation between TINT and XOP is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.36

The correlation between TINT and XOP shifts across timeframes, from -0.05 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

TINT vs. XOP - Sectors Allocation Comparison

Sectors	TINT	XOP
Basic Materials	22.9%	2.9%
Technology	10.9%	-
Industrials	4.3%	-
Financial Services	3.6%	-
Healthcare	2.2%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	97.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

TINT vs. XOP — Risk / Return Rank

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

TINT

TINT Risk / Return Rank: 54
TINT Sharpe Ratio Rank: 56
TINT Sortino Ratio Rank: 55
TINT Omega Ratio Rank: 54
TINT Calmar Ratio Rank: 52
TINT Martin Ratio Rank: 54

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.

TINT vs. XOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) 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.

	TINT	XOP	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.51	+0.37
Sortino ratio: Return per unit of downside risk	2.57	2.00	+0.57
Omega ratio: Gain probability vs. loss probability	1.33	1.25	+0.08
Calmar ratio: Return relative to maximum drawdown	2.54	2.77	-0.23
Martin ratio: Return relative to average drawdown	9.21	7.10	+2.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TINT vs. XOP - Sharpe Ratio Comparison

The current TINT Sharpe Ratio is 1.88, which is comparable to the XOP Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of TINT 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.

Sharpe Ratios by Period

	TINT	XOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.51	+0.37
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	0.10	0.06	+0.03

Drawdowns

TINT vs. XOP - Drawdown Comparison

The maximum TINT drawdown since its inception was -41.36%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for TINT and XOP.

Drawdown Indicators

	TINT	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-90.27%	+48.91%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-15.14%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-34.98%	+4.56%
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	-2.01%	-36.40%	+34.39%
Average Drawdown Average peak-to-trough decline	-21.14%	-42.59%	+21.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	5.90%	-1.07%

Volatility

TINT vs. XOP - Volatility Comparison

ProShares Smart Materials ETF (TINT) has a higher volatility of 10.66% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 10.03%. This indicates that TINT'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

	TINT	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.66%	10.03%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	19.90%	21.64%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	23.75%	27.81%	-4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.46%	33.88%	-10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	40.28%	-16.82%

TINT vs. XOP - Expense Ratio Comparison

TINT has a 0.58% expense ratio, which is higher than XOP's 0.35% expense ratio.

Dividends

TINT vs. XOP - Dividend Comparison

TINT's dividend yield for the trailing twelve months is around 0.98%, less than XOP's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TINT ProShares Smart Materials ETF	0.98%	1.27%	1.47%	0.99%	1.36%	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 TINT and XOP in my portfolio?

TINT and XOP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINT or XOP?

TINT has higher volatility (10.66%) compared to XOP (10.03%). In terms of maximum drawdown, TINT dropped -41.36% vs XOP's -90.27%.

Which ETF is better, TINT or XOP?

On 3-year performance, XOP leads with 14.10% vs 10.12% for TINT. On fees, XOP is cheaper at 0.35% per year. On volatility, XOP has been the lower-risk option at 10.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINT or XOP?

Over the 3-year period, XOP has performed better with a 14.10% return vs 10.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINT or XOP?

XOP is cheaper with a 0.35% expense ratio, compared with 0.58% for TINT.

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

XOP has the higher dividend yield at 1.90%, compared with 0.98% for TINT.

What is the main difference between TINT and XOP?

TINT tracks Solactive Smart Materials Index - Benchmark TR Net, while XOP tracks S&P Oil & Gas Exploration & Production Select Industry. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.58% for TINT and 0.35% for XOP.

Which has better risk-adjusted returns?

TINT currently has the higher Sharpe Ratio (1.88 vs 1.51), 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.