XOP vs. NE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Noble Corporation (NE).

XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006.

Performance

XOP vs. NE - 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 Noble Corporation (NE). The values are adjusted to include any dividend payments, if applicable.

XOP vs. NE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XOP SPDR S&P Oil & Gas Exploration & Production ETF	39.04%	-2.15%	-1.00%	3.56%	45.37%	-0.65%
NE Noble Corporation	73.64%	-3.21%	-31.57%	29.54%	52.00%	0.24%

Returns By Period

In the year-to-date period, XOP achieves a 39.04% return, which is significantly lower than NE's 73.64% return.

XOP

• 1D: -3.84%
• 1M: 10.02%
• YTD: 39.04%
• 6M: 31.49%
• 1Y: 35.18%
• 3Y*: 13.79%
• 5Y*: 18.14%
• 10Y*: 5.87%

NE

• 1D: -1.16%
• 1M: 6.65%
• YTD: 73.64%
• 6M: 70.53%
• 1Y: 111.09%
• 3Y*: 12.49%
• 5Y*: —
• 10Y*: —

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

Return for Risk

XOP vs. NE — Risk / Return Rank

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

XOP

XOP Risk / Return Rank: 54
XOP Sharpe Ratio Rank: 57
XOP Sortino Ratio Rank: 54
XOP Omega Ratio Rank: 54
XOP Calmar Ratio Rank: 56
XOP Martin Ratio Rank: 49

NE

NE Risk / Return Rank: 91
NE Sharpe Ratio Rank: 92
NE Sortino Ratio Rank: 88
NE Omega Ratio Rank: 88
NE Calmar Ratio Rank: 93
NE Martin Ratio Rank: 93

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. NE - 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 Noble Corporation (NE). 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	NE	Difference
Sharpe ratio Return per unit of total volatility	1.05	2.26	-1.21
Sortino ratio Return per unit of downside risk	1.48	2.68	-1.21
Omega ratio Gain probability vs. loss probability	1.21	1.37	-0.16
Calmar ratio Return relative to maximum drawdown	1.51	4.77	-3.26
Martin ratio Return relative to average drawdown	4.90	13.64	-8.74
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. NE - Sharpe Ratio Comparison

The current XOP Sharpe Ratio is 1.05, which is lower than the NE Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of XOP and NE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XOP	NE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	2.26	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.43	-0.36

Correlation

The correlation between XOP and NE is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XOP vs. NE - Dividend Comparison

XOP's dividend yield for the trailing twelve months is around 1.86%, less than NE's 4.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XOP SPDR S&P Oil & Gas Exploration & Production ETF	1.86%	2.62%	2.45%	2.63%	2.47%	1.61%	2.34%	1.47%	0.99%	0.76%	0.76%	2.21%
NE Noble Corporation	4.12%	7.08%	5.73%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

XOP vs. NE - Drawdown Comparison

The maximum XOP drawdown since its inception was -90.27%, which is greater than NE's maximum drawdown of -63.16%. Use the drawdown chart below to compare losses from any high point for XOP and NE.

Drawdown Indicators

	XOP	NE	Difference
Max Drawdown Largest peak-to-trough decline	-90.27%	-63.16%	-27.11%
Max Drawdown (1Y) Largest decline over 1 year	-23.81%	-23.83%	+0.02%
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	-35.01%	-2.67%	-32.34%
Average Drawdown Average peak-to-trough decline	-42.64%	-20.04%	-22.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.33%	8.64%	-1.31%

Volatility

XOP vs. NE - Volatility Comparison

The current volatility for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is 8.36%, while Noble Corporation (NE) has a volatility of 9.37%. This indicates that XOP experiences smaller price fluctuations and is considered to be less risky than NE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOP	NE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	9.37%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	19.57%	29.70%	-10.13%
Volatility (1Y) Calculated over the trailing 1-year period	33.73%	49.56%	-15.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.12%	43.59%	-9.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.29%	43.59%	-3.30%