XOP vs. SOYB
XOP (SPDR S&P Oil & Gas Exploration & Production ETF) and SOYB (Teucrium Soybean Fund) are both exchange-traded funds - XOP is a Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry, while SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, XOP returned 2.97%/yr vs 2.13%/yr for SOYB. At a 0.19 correlation, their price movements are largely independent. XOP charges 0.35%/yr vs 1.88%/yr for SOYB.
Performance
XOP vs. SOYB - Performance Comparison
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Returns By Period
In the year-to-date period, XOP achieves a 26.71% return, which is significantly higher than SOYB's 15.14% return. Over the past 10 years, XOP has outperformed SOYB with an annualized return of 2.97%, while SOYB has yielded a comparatively lower 2.13% annualized return.
XOP
- 1D
- -0.56%
- 1M
- -2.49%
- 6M
- 25.57%
- YTD
- 26.71%
- 1Y
- 21.93%
- 3Y*
- 8.56%
- 5Y*
- 13.75%
- 10Y*
- 2.97%
SOYB
- 1D
- 0.28%
- 1M
- 4.35%
- 6M
- 13.74%
- YTD
- 15.14%
- 1Y
- 17.29%
- 3Y*
- -3.42%
- 5Y*
- 2.09%
- 10Y*
- 2.13%
XOP vs. SOYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 26.71% | -2.15% | -1.00% | 3.56% | 45.37% | 66.74% | -36.40% | -9.44% | -28.10% | -9.47% |
SOYB Teucrium Soybean Fund | 15.14% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
Correlation
The correlation between XOP and SOYB is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.19 |
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Return for Risk
XOP vs. SOYB — Risk / Return Rank
XOP
SOYB
XOP vs. SOYB - 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 Teucrium Soybean Fund (SOYB). 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 | SOYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.92 | -0.69 |
| Martin ratioReturn relative to average drawdown | 3.01 | 5.02 | -2.01 |
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Drawdowns
XOP vs. SOYB - Drawdown Comparison
The maximum XOP drawdown since its inception was -90.27%, which is greater than SOYB's maximum drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for XOP and SOYB.
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Drawdown Indicators
| XOP | SOYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.27% | -53.76% | -36.51% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -8.78% | -9.72% |
Max Drawdown (3Y)Largest decline over 3 years | -34.98% | -31.01% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -34.98% | -31.01% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -82.61% | -33.93% | -48.68% |
Current DrawdownCurrent decline from peak | -40.77% | -14.12% | -26.65% |
Average DrawdownAverage peak-to-trough decline | -42.57% | -25.69% | -16.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.54% | 3.36% | +4.18% |
Volatility
XOP vs. SOYB - Volatility Comparison
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a higher volatility of 7.88% compared to Teucrium Soybean Fund (SOYB) at 4.42%. This indicates that XOP's price experiences larger fluctuations and is considered to be riskier than SOYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XOP | SOYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 4.42% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | 9.47% | +12.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.03% | 12.93% | +15.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.73% | 17.14% | +16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.17% | 16.80% | +23.37% |
XOP vs. SOYB - Expense Ratio Comparison
XOP has a 0.35% expense ratio, which is lower than SOYB's 1.88% expense ratio.
Dividends
XOP vs. SOYB - Dividend Comparison
XOP's dividend yield for the trailing twelve months is around 2.05%, while SOYB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOYB Teucrium Soybean Fund | 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 | 2.05% | 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
XOP and SOYB have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XOP has higher volatility (7.88%) compared to SOYB (4.42%). In terms of maximum drawdown, XOP dropped -90.27% vs SOYB's -53.76%.
On 10-year performance, XOP leads with 2.97% vs 2.13% for SOYB. On fees, XOP is cheaper at 0.35% per year. On volatility, SOYB has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XOP has performed better with a 2.97% return vs 2.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XOP is cheaper with a 0.35% expense ratio, compared with 1.88% for SOYB.
XOP has the higher dividend yield at 2.05%, compared with 0.00% for SOYB.
XOP is categorized as Energy Equities, while SOYB is Agricultural Commodities. XOP tracks S&P Oil & Gas Exploration & Production Select Industry, while SOYB tracks Teucrium Soybean Fund Benchmark. They also come from different issuers: State Street and Teucrium. Their fees differ too: 0.35% for XOP and 1.88% for SOYB.
SOYB currently has the higher Sharpe Ratio (1.31 vs 0.81), 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.
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