XMBR.L vs. XOP

Last updated Jun 5, 2026

XMBR.L (Xtrackers MSCI Brazil UCITS ETF 1C) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both exchange-traded funds - XMBR.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while XOP is a Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. Both are passively managed. Over the past 10 years, XMBR.L returned 8.80%/yr vs 4.29%/yr for XOP. At a 0.27 correlation, their price movements are largely independent. XMBR.L charges 0.65%/yr vs 0.35%/yr for XOP.

Performance

XMBR.L vs. XOP - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XMBR.L is traded in GBp, while XOP is traded in USD. To make them comparable, the XOP values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMBR.L achieves a 9.05% return, which is significantly lower than XOP's 36.55% return. Over the past 10 years, XMBR.L has outperformed XOP with an annualized return of 8.80%, while XOP has yielded a comparatively lower 4.29% annualized return.

XMBR.L

• 1D: -0.49%
• 1M: -11.96%
• YTD: 9.05%
• 6M: 3.14%
• 1Y: 34.54%
• 3Y*: 8.46%
• 5Y*: 5.76%
• 10Y*: 8.80%

XOP

• 1D: -0.06%
• 1M: -4.43%
• YTD: 36.55%
• 6M: 25.85%
• 1Y: 46.60%
• 3Y*: 11.73%
• 5Y*: 16.08%
• 10Y*: 4.29%

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

XMBR.L vs. XOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMBR.L Xtrackers MSCI Brazil UCITS ETF 1C	9.05%	38.26%	-28.61%	25.42%	25.85%	-17.12%	-21.96%	20.39%	4.70%	12.88%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	36.55%	-9.12%	0.73%	-1.61%	62.65%	68.32%	-38.27%	-12.88%	-23.84%	-17.30%

Correlation

The correlation between XMBR.L and XOP is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 10, 2007	0.27

The correlation between XMBR.L and XOP shifts across timeframes, from -0.06 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

XMBR.L vs. XOP - Sectors Allocation Comparison

Sectors	XMBR.L	XOP
Financial Services	33.2%	-
Energy	18.9%	97.2%
Basic Materials	13.7%	2.9%
Utilities	12.7%	-
Industrials	10.8%	-
Consumer Defensive	4.2%	-
Healthcare	2.2%	-
Communication Services	2.0%	-
Consumer Cyclical	1.3%	-
Technology	1.1%	-
Real Estate	-	-

Return for Risk

XMBR.L vs. XOP — Risk / Return Rank

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

XMBR.L

XMBR.L Risk / Return Rank: 45
XMBR.L Sharpe Ratio Rank: 48
XMBR.L Sortino Ratio Rank: 45
XMBR.L Omega Ratio Rank: 45
XMBR.L Calmar Ratio Rank: 44
XMBR.L Martin Ratio Rank: 45

XOP

XOP Risk / Return Rank: 49
XOP Sharpe Ratio Rank: 49
XOP Sortino Ratio Rank: 43
XOP Omega Ratio Rank: 43
XOP Calmar Ratio Rank: 61
XOP Martin Ratio Rank: 47

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.

XMBR.L vs. XOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) 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.

	XMBR.L	XOP	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.60	+0.03
Sortino ratio: Return per unit of downside risk	2.21	2.10	+0.10
Omega ratio: Gain probability vs. loss probability	1.29	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.14	2.80	-0.66
Martin ratio: Return relative to average drawdown	7.28	7.31	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMBR.L vs. XOP - Sharpe Ratio Comparison

The current XMBR.L Sharpe Ratio is 1.63, which is comparable to the XOP Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of XMBR.L 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

	XMBR.L	XOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.60	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.48	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.11	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.08	+0.01

Drawdowns

XMBR.L vs. XOP - Drawdown Comparison

The maximum XMBR.L drawdown since its inception was -72.01%, smaller than the maximum XOP drawdown of -86.48%. Use the drawdown chart below to compare losses from any high point for XMBR.L and XOP.

Drawdown Indicators

	XMBR.L	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-72.01%	-86.48%	+14.47%
Max Drawdown (1Y) Largest decline over 1 year	-16.06%	-16.73%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-29.72%	-36.10%	+6.38%
Max Drawdown (5Y) Largest decline over 5 years	-30.62%	-38.88%	+8.26%
Max Drawdown (10Y) Largest decline over 10 years	-53.50%	-81.63%	+28.13%
Current Drawdown Current decline from peak	-16.06%	-19.31%	+3.25%
Average Drawdown Average peak-to-trough decline	-27.83%	-34.31%	+6.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	6.39%	-1.66%

Volatility

XMBR.L vs. XOP - Volatility Comparison

The current volatility for Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) is 5.57%, while SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a volatility of 10.73%. This indicates that XMBR.L 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.

Volatility by Period

	XMBR.L	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	10.73%	-5.16%
Volatility (6M) Calculated over the trailing 6-month period	17.44%	23.01%	-5.57%
Volatility (1Y) Calculated over the trailing 1-year period	21.08%	29.33%	-8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.88%	33.32%	-7.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	39.98%	-8.72%

XMBR.L vs. XOP - Expense Ratio Comparison

XMBR.L has a 0.65% expense ratio, which is higher than XOP's 0.35% expense ratio.

Dividends

XMBR.L vs. XOP - Dividend Comparison

XMBR.L has not paid dividends to shareholders, while XOP's dividend yield for the trailing twelve months is around 1.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XMBR.L Xtrackers MSCI Brazil UCITS ETF 1C	0.00%	0.00%	0.00%	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	1.90%	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 XMBR.L and XOP in my portfolio?

XMBR.L and XOP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMBR.L or XOP?

On fees, XOP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMBR.L or XOP?

XOP is cheaper with a 0.35% expense ratio, compared with 0.65% for XMBR.L.

What is the main difference between XMBR.L and XOP?

XMBR.L is categorized as Latin America Equities, while XOP is Energy Equities. XMBR.L tracks MSCI Brazil NR USD, while XOP tracks S&P Oil & Gas Exploration & Production Select Industry. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.65% for XMBR.L and 0.35% for XOP.