XOP vs. XOM
XOP (SPDR S&P Oil & Gas Exploration & Production ETF) is Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry, while XOM (Exxon Mobil Corporation) is a stock. Over the past 10 years, XOP returned 2.97%/yr vs 8.48%/yr for XOM. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
XOP vs. XOM - 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 XOM's 16.96% return. Over the past 10 years, XOP has underperformed XOM with an annualized return of 2.97%, while XOM has yielded a comparatively higher 8.48% 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%
XOM
- 1D
- 1.03%
- 1M
- -5.27%
- 6M
- 12.96%
- YTD
- 16.96%
- 1Y
- 24.15%
- 3Y*
- 13.15%
- 5Y*
- 22.21%
- 10Y*
- 8.48%
XOP vs. XOM - 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% |
XOM Exxon Mobil Corporation | 16.96% | 15.98% | 11.26% | -6.26% | 87.41% | 57.58% | -36.21% | 7.23% | -15.09% | -3.81% |
Correlation
The correlation between XOP and XOM is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.73 |
The correlation between XOP and XOM has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
XOP vs. XOM — Risk / Return Rank
XOP
XOM
XOP vs. XOM - 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 Exxon Mobil Corporation (XOM). 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 | XOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.23 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.01 | 3.24 | -0.23 |
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Drawdowns
XOP vs. XOM - Drawdown Comparison
The maximum XOP drawdown since its inception was -90.27%, which is greater than XOM's maximum drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for XOP and XOM.
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Drawdown Indicators
| XOP | XOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.27% | -62.40% | -27.87% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -20.11% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -34.98% | -20.11% | -14.87% |
Max Drawdown (5Y)Largest decline over 5 years | -34.98% | -20.51% | -14.47% |
Max Drawdown (10Y)Largest decline over 10 years | -82.61% | -61.34% | -21.27% |
Current DrawdownCurrent decline from peak | -40.77% | -18.46% | -22.31% |
Average DrawdownAverage peak-to-trough decline | -42.57% | -10.22% | -32.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.54% | 7.65% | -0.11% |
Volatility
XOP vs. XOM - Volatility Comparison
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Exxon Mobil Corporation (XOM) have volatilities of 7.88% and 7.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XOP | XOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 7.89% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | 20.76% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.03% | 24.73% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.73% | 26.71% | +7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.17% | 28.25% | +11.92% |
Dividends
XOP vs. XOM - Dividend Comparison
XOP's dividend yield for the trailing twelve months is around 2.05%, less than XOM's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XOM Exxon Mobil Corporation | 2.94% | 3.32% | 3.57% | 3.68% | 3.22% | 5.70% | 8.44% | 4.92% | 4.74% | 3.66% | 3.30% | 3.69% |
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 XOM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XOM has higher volatility (7.89%) compared to XOP (7.88%). In terms of maximum drawdown, XOP dropped -90.27% vs XOM's -62.40%.
XOM currently has the higher Sharpe Ratio (1.00 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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