XOP vs. LNG

Last updated Aug 1, 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 LNG (Cheniere Energy, Inc.) is a stock. Over the past 10 years, XOP returned 5.00%/yr vs 21.52%/yr for LNG. Their 0.53 correlation means they have sometimes moved together and sometimes differently.

Performance

XOP vs. LNG - 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 Cheniere Energy, Inc. (LNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOP achieves a 41.76% return, which is significantly higher than LNG's 36.26% return. Over the past 10 years, XOP has underperformed LNG with an annualized return of 5.00%, while LNG has yielded a comparatively higher 21.52% annualized return.

XOP

• 1D: 1.45%
• 1M: 15.38%
• 6M: 27.63%
• YTD: 41.76%
• 1Y: 41.65%
• 3Y*: 10.13%
• 5Y*: 19.29%
• 10Y*: 5.00%
• ALL TIME*: 2.68%

LNG

• 1D: 2.14%
• 1M: 8.06%
• 6M: 25.23%
• YTD: 36.26%
• 1Y: 12.83%
• 3Y*: 19.21%
• 5Y*: 26.62%
• 10Y*: 21.52%
• ALL TIME*: 12.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LNG Cheniere Energy, Inc.	$449.81M	$470.16M	$533.59M
XOP SPDR S&P Oil & Gas Exploration & Production ETF	$553.31M	$544.38M	$598.08M

XOP vs. LNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XOP SPDR S&P Oil & Gas Exploration & Production ETF	41.76%	-2.15%	-1.00%	3.56%	45.37%	66.74%	-36.40%	-9.44%	-28.10%	-9.47%
LNG Cheniere Energy, Inc.	36.26%	-8.70%	27.18%	15.02%	49.30%	69.48%	-1.70%	3.18%	9.94%	29.95%

Correlation

The correlation between XOP and LNG is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006	0.53

The correlation between XOP and LNG has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

Return for Risk

XOP vs. LNG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XOP

XOP Risk / Return Rank: 58
XOP Sharpe Ratio Rank: 64
XOP Sortino Ratio Rank: 57
XOP Omega Ratio Rank: 56
XOP Calmar Ratio Rank: 65
XOP Martin Ratio Rank: 48

LNG

LNG Risk / Return Rank: 57
LNG Sharpe Ratio Rank: 62
LNG Sortino Ratio Rank: 56
LNG Omega Ratio Rank: 54
LNG Calmar Ratio Rank: 58
LNG Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XOP vs. LNG - 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 Cheniere Energy, Inc. (LNG). 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.

	XOP	LNG	Difference
Sharpe ratio: Return per unit of total volatility	1.47	0.49	+0.98
Sortino ratio: Return per unit of downside risk	1.96	0.88	+1.08
Omega ratio: Gain probability vs. loss probability	1.24	1.10	+0.14
Calmar ratio: Return relative to maximum drawdown	2.26	0.54	+1.73
Martin ratio: Return relative to average drawdown	5.48	1.00	+4.48

XOP vs. LNG - Sharpe Ratio Comparison

The current XOP Sharpe Ratio is 1.47, which is higher than the LNG Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of XOP and LNG, 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

XOP vs. LNG - Drawdown Comparison

The maximum XOP drawdown since its inception was -90.27%, smaller than the maximum LNG drawdown of -97.84%. Use the drawdown chart below to compare losses from any high point for XOP and LNG.

Drawdown Indicators

	XOP	LNG	Difference
Max Drawdown Largest peak-to-trough decline	-90.27%	-97.84%	+7.57%
Max Drawdown (1Y) Largest decline over 1 year	-18.50%	-24.09%	+5.59%
Max Drawdown (3Y) Largest decline over 3 years	-34.98%	-24.87%	-10.11%
Max Drawdown (5Y) Largest decline over 5 years	-34.98%	-24.87%	-10.11%
Max Drawdown (10Y) Largest decline over 10 years	-82.61%	-57.53%	-25.08%
Current Drawdown Current decline from peak	-33.74%	-11.02%	-22.72%
Average Drawdown Average peak-to-trough decline	-42.56%	-43.02%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.67%	12.86%	-5.19%

Volatility

XOP vs. LNG - Volatility Comparison

The current volatility for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is 8.28%, while Cheniere Energy, Inc. (LNG) has a volatility of 9.48%. This indicates that XOP experiences smaller price fluctuations and is considered to be less risky than LNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOP	LNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	9.48%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	22.52%	23.32%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	28.49%	26.45%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.53%	30.42%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.15%	32.28%	+7.87%

Dividends

XOP vs. LNG - Dividend Comparison

XOP's dividend yield for the trailing twelve months is around 1.83%, more than LNG's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LNG Cheniere Energy, Inc.	0.82%	1.06%	0.84%	0.95%	0.92%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	1.83%	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 LNG in my portfolio?

XOP and LNG have a correlation of 0.60, 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 LNG?

LNG has higher volatility (9.48%) compared to XOP (8.28%). In terms of maximum drawdown, XOP dropped -90.27% vs LNG's -97.84%.

Which has better risk-adjusted returns?

XOP currently has the higher Sharpe Ratio (1.47 vs 0.49), 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.