XOP vs. AAPL

Last updated Jun 4, 2026

XOP (SPDR S&P Oil & Gas Exploration & Production ETF) is Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry, while AAPL (Apple Inc) is a stock. Over the past 10 years, XOP returned 3.80%/yr vs 30.12%/yr for AAPL. At a 0.31 correlation, their price movements are largely independent.

Performance

XOP vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOP achieves a 36.08% return, which is significantly higher than AAPL's 14.34% return. Over the past 10 years, XOP has underperformed AAPL with an annualized return of 3.80%, while AAPL has yielded a comparatively higher 30.12% annualized return.

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%

AAPL

• 1D: -1.57%
• 1M: 12.18%
• YTD: 14.34%
• 6M: 9.39%
• 1Y: 53.24%
• 3Y*: 20.25%
• 5Y*: 20.38%
• 10Y*: 30.12%

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

XOP vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XOP SPDR S&P Oil & Gas Exploration & Production ETF	36.08%	-2.15%	-1.00%	3.56%	45.37%	66.74%	-36.40%	-9.44%	-28.10%	-9.47%
AAPL Apple Inc	14.34%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-5.39%	48.46%

Correlation

The correlation between XOP and AAPL is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 23, 2006	0.31

The correlation between XOP and AAPL shifts across timeframes, from -0.09 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XOP vs. AAPL — Risk / Return Rank

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

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

AAPL

AAPL Risk / Return Rank: 89
AAPL Sharpe Ratio Rank: 91
AAPL Sortino Ratio Rank: 91
AAPL Omega Ratio Rank: 89
AAPL Calmar Ratio Rank: 87
AAPL Martin Ratio Rank: 86

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.

XOP vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Apple Inc (AAPL). 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.

	XOP	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.40	-0.89
Sortino ratio: Return per unit of downside risk	2.00	3.36	-1.37
Omega ratio: Gain probability vs. loss probability	1.25	1.43	-0.18
Calmar ratio: Return relative to maximum drawdown	2.77	3.88	-1.11
Martin ratio: Return relative to average drawdown	7.10	9.76	-2.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XOP vs. AAPL - Sharpe Ratio Comparison

The current XOP Sharpe Ratio is 1.51, which is lower than the AAPL Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of XOP and AAPL, 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

	XOP	AAPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.40	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.75	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	1.05	-0.95
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.44	-0.38

Drawdowns

XOP vs. AAPL - Drawdown Comparison

The maximum XOP drawdown since its inception was -90.27%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for XOP and AAPL.

Drawdown Indicators

	XOP	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-90.27%	-81.80%	-8.47%
Max Drawdown (1Y) Largest decline over 1 year	-15.14%	-13.80%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-34.98%	-33.36%	-1.62%
Max Drawdown (5Y) Largest decline over 5 years	-34.98%	-33.36%	-1.62%
Max Drawdown (10Y) Largest decline over 10 years	-82.61%	-38.52%	-44.09%
Current Drawdown Current decline from peak	-36.40%	-1.57%	-34.83%
Average Drawdown Average peak-to-trough decline	-42.59%	-29.61%	-12.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	5.47%	+0.43%

Volatility

XOP vs. AAPL - Volatility Comparison

SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a higher volatility of 10.03% compared to Apple Inc (AAPL) at 5.46%. This indicates that XOP's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOP	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.03%	5.46%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	21.64%	15.91%	+5.73%
Volatility (1Y) Calculated over the trailing 1-year period	27.81%	22.32%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.88%	27.46%	+6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.28%	28.89%	+11.39%

Dividends

XOP vs. AAPL - Dividend Comparison

XOP's dividend yield for the trailing twelve months is around 1.90%, more than AAPL's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.34%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
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 XOP and AAPL in my portfolio?

XOP and AAPL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOP or AAPL?

XOP has higher volatility (10.03%) compared to AAPL (5.46%). In terms of maximum drawdown, XOP dropped -90.27% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (2.40 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.