XOP vs. STNG

Last updated Jul 12, 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 STNG (Scorpio Tankers Inc.) is a stock. Over the past 10 years, XOP returned 2.97%/yr vs 8.38%/yr for STNG. At a 0.41 correlation, their price movements are largely independent.

Performance

XOP vs. STNG - 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 Scorpio Tankers Inc. (STNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOP achieves a 26.71% return, which is significantly lower than STNG's 57.90% return. Over the past 10 years, XOP has underperformed STNG with an annualized return of 2.97%, while STNG has yielded a comparatively higher 8.38% 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%

STNG

• 1D: 4.03%
• 1M: 4.14%
• 6M: 46.43%
• YTD: 57.90%
• 1Y: 79.55%
• 3Y*: 24.33%
• 5Y*: 34.53%
• 10Y*: 8.38%

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

XOP vs. STNG - 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%
STNG Scorpio Tankers Inc.	57.90%	6.03%	-16.29%	15.40%	325.48%	17.40%	-70.74%	127.09%	-41.26%	-31.93%

Correlation

The correlation between XOP and STNG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010	0.41

Over the past year, the correlation between XOP and STNG has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

XOP vs. STNG — Risk / Return Rank

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

XOP

XOP Risk / Return Rank: 27
XOP Sharpe Ratio Rank: 27
XOP Sortino Ratio Rank: 26
XOP Omega Ratio Rank: 26
XOP Calmar Ratio Rank: 30
XOP Martin Ratio Rank: 27

STNG

STNG Risk / Return Rank: 90
STNG Sharpe Ratio Rank: 92
STNG Sortino Ratio Rank: 91
STNG Omega Ratio Rank: 87
STNG Calmar Ratio Rank: 89
STNG Martin Ratio Rank: 89

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. STNG - 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 Scorpio Tankers Inc. (STNG). 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	STNG	Difference
Sharpe ratio: Return per unit of total volatility	0.81	2.12	-1.30
Sortino ratio: Return per unit of downside risk	1.22	2.91	-1.70
Omega ratio: Gain probability vs. loss probability	1.15	1.34	-0.19
Calmar ratio: Return relative to maximum drawdown	1.23	3.49	-2.26
Martin ratio: Return relative to average drawdown	3.01	8.91	-5.90

XOP vs. STNG - Sharpe Ratio Comparison

The current XOP Sharpe Ratio is 0.81, which is lower than the STNG Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of XOP and STNG, 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. STNG - Drawdown Comparison

The maximum XOP drawdown since its inception was -90.27%, roughly equal to the maximum STNG drawdown of -91.13%. Use the drawdown chart below to compare losses from any high point for XOP and STNG.

Drawdown Indicators

	XOP	STNG	Difference
Max Drawdown Largest peak-to-trough decline	-90.27%	-91.13%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-18.50%	-22.74%	+4.24%
Max Drawdown (3Y) Largest decline over 3 years	-34.98%	-60.97%	+25.99%
Max Drawdown (5Y) Largest decline over 5 years	-34.98%	-60.97%	+25.99%
Max Drawdown (10Y) Largest decline over 10 years	-82.61%	-81.67%	-0.94%
Current Drawdown Current decline from peak	-40.77%	-8.12%	-32.65%
Average Drawdown Average peak-to-trough decline	-42.57%	-49.15%	+6.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	8.90%	-1.36%

Volatility

XOP vs. STNG - Volatility Comparison

The current volatility for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is 7.88%, while Scorpio Tankers Inc. (STNG) has a volatility of 12.53%. This indicates that XOP experiences smaller price fluctuations and is considered to be less risky than STNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOP	STNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	12.53%	-4.65%
Volatility (6M) Calculated over the trailing 6-month period	22.07%	28.31%	-6.24%
Volatility (1Y) Calculated over the trailing 1-year period	28.03%	38.59%	-10.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.73%	45.01%	-11.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.17%	54.21%	-14.04%

Dividends

XOP vs. STNG - Dividend Comparison

XOP's dividend yield for the trailing twelve months is around 2.05%, less than STNG's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STNG Scorpio Tankers Inc.	2.17%	3.19%	3.22%	1.73%	0.74%	3.12%	3.57%	1.02%	2.27%	1.31%	11.04%	6.17%
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

Can I hold both XOP and STNG in my portfolio?

XOP and STNG have a correlation of 0.19, 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 STNG?

STNG has higher volatility (12.53%) compared to XOP (7.88%). In terms of maximum drawdown, XOP dropped -90.27% vs STNG's -91.13%.

Which has better risk-adjusted returns?

STNG currently has the higher Sharpe Ratio (2.12 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.