XOP vs. PBW
Compare and contrast key facts about SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Invesco WilderHill Clean Energy ETF (PBW).
XOP and PBW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005. Both XOP and PBW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XOP or PBW.
Key characteristics
| XOP | PBW | |
|---|---|---|
| YTD Return | 4.06% | -31.18% |
| 1Y Return | 5.82% | -17.43% |
| 3Y Return (Ann) | 10.74% | -38.21% |
| 5Y Return (Ann) | 11.62% | -5.77% |
| 10Y Return (Ann) | -3.67% | -1.54% |
| Sharpe Ratio | 0.23 | -0.49 |
| Sortino Ratio | 0.46 | -0.51 |
| Omega Ratio | 1.06 | 0.95 |
| Calmar Ratio | 0.09 | -0.23 |
| Martin Ratio | 0.53 | -0.72 |
| Ulcer Index | 9.57% | 27.66% |
| Daily Std Dev | 22.18% | 40.53% |
| Max Drawdown | -90.27% | -87.01% |
| Current Drawdown | -49.79% | -83.73% |
Correlation
The correlation between XOP and PBW is 0.55, 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.
Performance
XOP vs. PBW - Performance Comparison
In the year-to-date period, XOP achieves a 4.06% return, which is significantly higher than PBW's -31.18% return. Over the past 10 years, XOP has underperformed PBW with an annualized return of -3.67%, while PBW has yielded a comparatively higher -1.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XOP vs. PBW - Expense Ratio Comparison
XOP has a 0.35% expense ratio, which is lower than PBW's 0.61% expense ratio.
Risk-Adjusted Performance
XOP vs. PBW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Invesco WilderHill Clean Energy ETF (PBW). 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.
Dividends
XOP vs. PBW - Dividend Comparison
XOP's dividend yield for the trailing twelve months is around 2.48%, less than PBW's 2.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.48% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% | 1.41% | 0.84% |
PBW Invesco WilderHill Clean Energy ETF | 2.75% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.27% | 2.69% | 1.54% | 2.96% | 2.18% |
Drawdowns
XOP vs. PBW - Drawdown Comparison
The maximum XOP drawdown since its inception was -90.27%, roughly equal to the maximum PBW drawdown of -87.01%. Use the drawdown chart below to compare losses from any high point for XOP and PBW. For additional features, visit the drawdowns tool.
Volatility
XOP vs. PBW - Volatility Comparison
The current volatility for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is 7.96%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 10.51%. This indicates that XOP experiences smaller price fluctuations and is considered to be less risky than PBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.