XOP vs. WTI
Compare and contrast key facts about SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and W&T Offshore, Inc. (WTI).
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. WTI - Performance Comparison
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XOP vs. WTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 41.32% | -2.15% | -1.00% | 3.56% | 45.37% | 66.74% | -36.40% | -9.44% | -28.10% | -9.47% |
WTI W&T Offshore, Inc. | 93.90% | 0.62% | -48.17% | -41.41% | 72.76% | 48.85% | -60.97% | 34.95% | 24.47% | 19.49% |
Returns By Period
In the year-to-date period, XOP achieves a 41.32% return, which is significantly lower than WTI's 93.90% return. Over the past 10 years, XOP has outperformed WTI with an annualized return of 6.18%, while WTI has yielded a comparatively lower 5.26% annualized return.
XOP
- 1D
- 1.64%
- 1M
- 12.23%
- YTD
- 41.32%
- 6M
- 36.30%
- 1Y
- 36.06%
- 3Y*
- 12.59%
- 5Y*
- 18.53%
- 10Y*
- 6.18%
WTI
- 1D
- 4.65%
- 1M
- 1.95%
- YTD
- 93.90%
- 6M
- 71.73%
- 1Y
- 120.39%
- 3Y*
- -15.50%
- 5Y*
- -2.75%
- 10Y*
- 5.26%
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Return for Risk
XOP vs. WTI — Risk / Return Rank
XOP
WTI
XOP vs. WTI - 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 W&T Offshore, Inc. (WTI). 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 | WTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.55 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.51 | 2.30 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.00 | -1.43 |
Martin ratioReturn relative to average drawdown | 5.10 | 5.71 | -0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XOP | WTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.55 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.04 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.07 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.10 | +0.16 |
Correlation
The correlation between XOP and WTI is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XOP vs. WTI - Dividend Comparison
XOP's dividend yield for the trailing twelve months is around 1.83%, more than WTI's 1.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WTI W&T Offshore, Inc. | 1.27% | 2.45% | 2.41% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XOP vs. WTI - Drawdown Comparison
The maximum XOP drawdown since its inception was -90.27%, smaller than the maximum WTI drawdown of -97.59%. Use the drawdown chart below to compare losses from any high point for XOP and WTI.
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Drawdown Indicators
| XOP | WTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.27% | -97.59% | +7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -40.17% | +25.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.98% | -87.31% | +52.33% |
Max Drawdown (10Y)Largest decline over 10 years | -82.61% | -88.92% | +6.31% |
Current DrawdownCurrent decline from peak | -33.95% | -92.68% | +58.73% |
Average DrawdownAverage peak-to-trough decline | -42.64% | -73.94% | +31.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.34% | 21.07% | -13.73% |
Volatility
XOP vs. WTI - Volatility Comparison
The current volatility for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is 8.41%, while W&T Offshore, Inc. (WTI) has a volatility of 36.56%. This indicates that XOP experiences smaller price fluctuations and is considered to be less risky than WTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XOP | WTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 36.56% | -28.15% |
Volatility (6M)Calculated over the trailing 6-month period | 19.57% | 61.22% | -41.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.76% | 78.21% | -44.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.11% | 66.94% | -32.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.29% | 72.46% | -32.17% |