State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Market Price (8/9/2026): $166.52

State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Market Price (8/9/2026): $166.52

Key Takeaways

XOP has returned +32.3% YTD vs +13.7% for SPY; +37.8% over the past 12 months (SPY +22.4%). details →
Priced in gold, XOP has returned -46.9% over the past 3 years, vs +19.8% in dollars — its dollar gains have lagged gold. details →
XOP has seen negligible net fund flows over the past month (−0.0% of assets). details →
Analysts expect -6% revenue growth across XOP's holdings (next fiscal year) vs +13% for SPY; expected earnings growth: -19% vs +19%. details →
Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.3 vs 0.9. details →

Last updated: 8/8/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with XOP

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+7.8%

Volatility

24.3%

Sharpe

0.31

YTD

+19.1%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	XOP	25.0%	-0.4%	-6.2%	4.4%	32.3%
Bond	BND	50.0%	0.2%	0.6%	-0.2%	0.0%
Gold	GLD	10.0%	2.3%	7.2%	5.4%	0.5%
Commodity	DBC	2.5%	0.2%	-1.8%	4.8%	29.3%
Real Estate	VNQ	5.0%	0.4%	-0.5%	1.4%	13.4%
Bitcoin	BTCUSD	0.0%	1.0%	3.3%	2.7%	-25.9%
Cash	GOVT	7.5%	0.2%	0.2%	-0.5%	-0.6%
Conservative Portfolio		100.0%	0.3%	-0.6%	1.7%	9.5%

	ETF	%	1D	1W	1M	YTD
Equity	XOP	55.0%	-0.4%	-6.2%	4.4%	32.3%
Bond	BND	25.0%	0.2%	0.6%	-0.2%	0.0%
Gold	GLD	7.0%	2.3%	7.2%	5.4%	0.5%
Commodity	DBC	4.0%	0.2%	-1.8%	4.8%	29.3%
Real Estate	VNQ	5.0%	0.4%	-0.5%	1.4%	13.4%
Bitcoin	BTCUSD	2.0%	1.0%	3.3%	2.7%	-25.9%
Cash	GOVT	2.0%	0.2%	0.2%	-0.5%	-0.6%
Moderate Portfolio		100.0%	0.0%	-2.8%	3.0%	19.1%

	ETF	%	1D	1W	1M	YTD
Equity	XOP	80.0%	-0.4%	-6.2%	4.4%	32.3%
Bond	BND	5.0%	0.2%	0.6%	-0.2%	0.0%
Gold	GLD	3.0%	2.3%	7.2%	5.4%	0.5%
Commodity	DBC	2.2%	0.2%	-1.8%	4.8%	29.3%
Real Estate	VNQ	4.5%	0.4%	-0.5%	1.4%	13.4%
Bitcoin	BTCUSD	5.2%	1.0%	3.3%	2.7%	-25.9%
Cash	GOVT	0.0%	0.2%	0.2%	-0.5%	-0.6%
Aggressive Portfolio		100.0%	-0.2%	-4.6%	3.9%	25.8%

	ETF	%	Return	Volatility	Sharpe
Equity	XOP	25.0%	4.2%	41.9%	0.24
Bond	BND	50.0%	1.4%	5.1%	-0.24
Gold	GLD	10.0%	12.1%	15.1%	0.64
Commodity	DBC	2.5%	7.4%	17.1%	0.34
Real Estate	VNQ	5.0%	4.8%	17.5%	0.20
Bitcoin	BTCUSD	0.0%	58.3%	76.0%	0.91
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	5.2%	11.8%	0.26

	ETF	%	Return	Volatility	Sharpe
Equity	XOP	55.0%	4.2%	41.9%	0.24
Bond	BND	25.0%	1.4%	5.1%	-0.24
Gold	GLD	7.0%	12.1%	15.1%	0.64
Commodity	DBC	4.0%	7.4%	17.1%	0.34
Real Estate	VNQ	5.0%	4.8%	17.5%	0.20
Bitcoin	BTCUSD	2.0%	58.3%	76.0%	0.91
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	7.8%	24.3%	0.31

	ETF	%	Return	Volatility	Sharpe
Equity	XOP	80.0%	4.2%	41.9%	0.24
Bond	BND	5.0%	1.4%	5.1%	-0.24
Gold	GLD	3.0%	12.1%	15.1%	0.64
Commodity	DBC	2.2%	7.4%	17.1%	0.34
Real Estate	VNQ	4.5%	4.8%	17.5%	0.20
Bitcoin	BTCUSD	5.2%	58.3%	76.0%	0.91
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	9.4%	35.0%	0.35

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XOP	25.0%	40.1%	-56.8%	-42.5%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	0.3%	-18.3%	-10.3%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XOP	55.0%	40.1%	-56.8%	-42.5%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	16.0%	-35.8%	-24.7%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XOP	80.0%	40.1%	-56.8%	-42.5%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	27.3%	-49.9%	-36.7%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	8/31/27	8/9/26	2025	2024	2023	2022	2021
Share Price CYE		$166.40	$125.75	$128.52	$129.82	$125.36	$86.24
Dividend/Share TTM		$2.50	$3.30	$3.24	$3.59	$3.35	$1.54
Valuation [1]
P/S	0.89	0.92	0.82	1.02	0.81	0.66	0.79
P/E		10.84	13.34	12.14	7.25	4.94	11.60
P/E (Non-GAAP) [2]	9.87	11.30	14.29	13.69	9.81	8.71	19.49
P/FCF		12.87	18.35	34.94	14.21	6.79	11.68
Yields TTM
Earnings Yield	10.14%	9.23%	7.50%	8.24%	13.79%	20.26%	8.62%
Dividend Yield	1.50%	1.50%	2.63%	2.52%	2.77%	2.68%	1.79%
Total Yield (TY)	11.64%	10.73%	10.12%	10.76%	16.56%	22.93%	10.41%
Risk Premium [3]
Risk Free Rate (Rf)	4.69%	4.69%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	6.95%	6.04%	5.94%	6.18%	12.68%	19.05%	8.89%
Growth Rates [6]
Sales Growth	-5.5%	13.4%	-4.9%	-9.9%	-17.6%
Earnings Growth [7]	-19.0%	127.7%	12.6%	-78.2%	-19.7%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

XOP's earnings yield is 9.23%, based on its 10.8x trailing P/E. With a 1.50% dividend yield, XOP is yielding 10.73% in total.

RISK

Compared to US Treasuries at 4.69%, XOP's total yield implies a healthy 6.04% risk premium. Healthy risk premiums suggest reasonable valuations.

FORWARD EXPECTATIONS

Based on analyst estimates, XOP's forward total yield is 11.64%, implying a 6.95% risk premium assuming stable Treasury rates.

Top 20 Holdings for XOP

Total Weights
Top 5: 17.0% | Top 10: 30.3% | Top 20: 54.8%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.93%	100.00%	100.00%	0.7	9.8	-5.5%	-19.0%
Top 20		54.79%	56.80%	63.59%	0.7	9.6	-7.2%	-25.6%
PBF	PBF Energy	4.12%	14.18%	8.81%	0.2	6.3	-7.2%	-51.7%
PARR	Par Pacific	3.58%	7.01%	11.00%	0.4	4.9	-9.2%	-33.9%
DK	Delek US	3.30%	8.11%	2.38%	0.3	13.0	-7.9%	-56.6%
DINO	HF Sinclair	3.14%	4.90%	4.74%	0.5	7.8	-9.9%	-34.6%
VLO	Valero Energy	2.89%	3.36%	2.74%	0.7	10.0	-13.1%	-38.4%
MPC	Marathon Petroleum	2.86%	3.73%	3.28%	0.5	8.4	-8.4%	-41.9%
PSX	Phillips 66	2.78%	3.79%	2.79%	0.5	10.0	-5.7%	-23.0%
PR	Permian Resources	2.55%	0.64%	2.16%	2.6	10.5	+5.2%	+47.0%
OVV	Ovintiv	2.55%	1.10%	1.63%	1.8	8.6	-7.2%	-5.8%
TPL	Texas Pacific Land	2.52%	0.07%	0.67%	22.1	36.4	+10.8%	+11.9%
EXE	Expand Energy	2.50%	1.13%	3.63%	1.7	10.3	-3.0%	+1.4%
CNX	CNX Resources	2.50%	0.78%	5.27%	2.4	8.3	+0.7%	+35.5%
XOM	ExxonMobil	2.50%	0.93%	1.14%	1.8	13.6	-4.3%	-6.9%
EOG	EOG Resources	2.49%	0.68%	2.79%	2.7	9.0	-7.7%	-15.9%
FANG	Diamondback Energy	2.44%	0.57%	0.78%	3.1	10.5	-7.4%	-16.5%
CVX	Chevron	2.43%	1.01%	1.57%	1.8	14.1	-9.0%	-18.3%
RRC	Range Resources	2.42%	0.65%	2.68%	2.5	9.5	+2.8%	-7.0%
EQT	EQT	2.40%	0.52%	2.33%	3.4	12.4	-0.5%	-3.2%
CLMT	Calumet	2.40%	2.13%	—	0.7	166.7	+4.1%	—
CHRD	Chord Energy	2.40%	1.51%	3.19%	1.4	8.1	-11.8%	-25.5%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 8/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 8/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for XOP Top Holdings

Ticker	Holding	Weight	Mkt Price 8/8	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	100.00%	166.40	0.0%	4.4%	32.3%	37.8%	19.8%	131.1%	43.9%
PBF	PBF Energy	4.12%	61.71	0.0%	15.8%	130.9%	189.9%	40.2%	661.5%	264.7%
PARR	Par Pacific	3.58%	66.29	0.0%	1.1%	88.6%	142.8%	83.4%	334.4%	384.0%
DK	Delek US	3.30%	58.46	0.0%	4.6%	100.3%	193.1%	136.7%	317.7%	463.1%
DINO	HF Sinclair	3.14%	81.41	0.0%	5.0%	79.7%	93.9%	56.8%	233.9%	332.7%
VLO	Valero Energy	2.89%	298.31	0.0%	6.5%	86.0%	128.6%	141.8%	427.6%	726.9%
MPC	Marathon Petroleum	2.86%	298.20	0.0%	5.3%	85.0%	89.0%	120.1%	486.8%	886.5%
PSX	Phillips 66	2.78%	203.91	0.0%	7.4%	60.5%	77.0%	97.5%	237.3%	286.0%
PR	Permian Resources	2.55%	20.15	0.0%	5.7%	46.1%	58.0%	85.5%	397.7%	89.9%
OVV	Ovintiv	2.55%	59.36	0.0%	7.8%	53.1%	52.6%	31.5%	177.4%	71.7%
TPL	Texas Pacific Land	2.52%	340.65	0.0%	-12.8%	18.9%	19.3%	77.9%	119.0%	1,878.5%
EXE	Expand Energy	2.50%	92.84	0.0%	4.3%	-14.9%	-3.4%	15.2%	116.8%
CNX	CNX Resources	2.50%	35.14	0.0%	7.7%	-4.4%	21.0%	63.3%	197.8%	136.3%
XOM	ExxonMobil	2.50%	153.04	0.0%	11.3%	28.9%	47.9%	54.4%	221.6%	171.1%
EOG	EOG Resources	2.49%	134.74	0.0%	1.6%	31.5%	19.9%	14.6%	145.9%	108.1%
FANG	Diamondback Energy	2.44%	188.04	0.0%	3.3%	26.5%	35.8%	38.7%	200.8%	163.5%
CVX	Chevron	2.43%	186.56	0.0%	7.2%	24.7%	25.4%	32.4%	128.5%	184.6%
RRC	Range Resources	2.42%	38.28	0.0%	4.2%	9.1%	11.8%	17.5%	175.1%	7.1%
EQT	EQT	2.40%	51.69	0.0%	3.4%	-2.7%	2.0%	22.4%	190.0%	53.2%
CLMT	Calumet	2.40%	39.48	0.0%	1.2%	98.7%	174.7%
CHRD	Chord Energy	2.40%	131.35	0.0%	10.9%	44.4%	36.1%	-3.1%	135.8%

Guidance Updates for XOP Top Holdings

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
XOP Return	67%	45%	4%	-1%	-2%	33%	223%
Peers Return	15%	-20%	33%	13%	40%	39%	172%
S&P 500 Return	27%	-19%	24%	23%	16%	13%	105%
Monthly Win Rates [3]
XOP Win Rate	58%	67%	33%	42%	67%	50%
Peers Win Rate	58%	45%	62%	58%	67%	72%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
XOP Max Drawdown	-27%	-33%	-20%	-21%	-30%	-19%
Peers Max Drawdown	-20%	-37%	-19%	-18%	-26%	-18%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMH, SOXX, IBB, XBI, ITA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
XOP	1.16	0.33	0.58
Equity Top Results (3Y)
IALT	2.11	2.11	2.11
SPMO	0.89	1.38	0.82
VLUE	2.49	1.26	0.69
CORO	1.33	1.25	1.25
CGDV	1.35	1.23	0.94

Results as of 7312026.

Event	XOP	S&P 500
2025 US Tariff Shock
% Loss	-26.8%	-18.8%
% Gain to Breakeven	36.5%	23.1%
Time to Breakeven	295 days	79 days
2023 SVB Regional Banking Crisis
% Loss	-16.3%	-6.7%
% Gain to Breakeven	19.5%	7.1%
Time to Breakeven	131 days	31 days
2020 COVID-19 Crash
% Loss	-60.1%	-33.7%
% Gain to Breakeven	150.8%	50.9%
Time to Breakeven	322 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-45.7%	-19.2%
% Gain to Breakeven	84.3%	23.8%
Time to Breakeven	1261 days	105 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-18.9%	-3.7%
% Gain to Breakeven	23.4%	3.9%
Time to Breakeven	188 days	6 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-39.0%	-12.2%
% Gain to Breakeven	63.9%	13.9%
Time to Breakeven	198 days	62 days

Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

State Street SPDR S&P Oil & Gas Exploration & Production ETF's stock fell -26.8% during the 2025 US Tariff Shock. Such a loss loss requires a 36.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	XOP	S&P 500
2025 US Tariff Shock
% Loss	-26.8%	-18.8%
% Gain to Breakeven	36.5%	23.1%
Time to Breakeven	295 days	79 days
2020 COVID-19 Crash
% Loss	-60.1%	-33.7%
% Gain to Breakeven	150.8%	50.9%
Time to Breakeven	322 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-45.7%	-19.2%
% Gain to Breakeven	84.3%	23.8%
Time to Breakeven	1261 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-39.0%	-12.2%
% Gain to Breakeven	63.9%	13.9%
Time to Breakeven	198 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-38.6%	-17.9%
% Gain to Breakeven	62.8%	21.8%
Time to Breakeven	668 days	123 days
2008-2009 Global Financial Crisis
% Loss	-56.2%	-53.4%
% Gain to Breakeven	128.5%	114.4%
Time to Breakeven	761 days	1085 days

Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

State Street SPDR S&P Oil & Gas Exploration & Production ETF's stock fell -26.8% during the 2025 US Tariff Shock. Such a loss loss requires a 36.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

XOP Dip Buy History

XOP had 37 events since 6/22/2006 where the dip threshold of -5.0% within 60 days was triggered

28% median peak return within 1 year of dip event
161 days is the median time to peak return after a dip event
-14% median max drawdown within 1 year of dip event

60 Day Dip			XOP Subsequent Performance
Date	XOP	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			2%	28%	-14%	161
6152026	-9%	15%			-3%	46
12182025	-8%	2%			-0%	99
6302025	-5%	10%	25%	52%	-3%	270
2212025	-7%	1%	17%	17%	-24%	371
12182024	-5%	3%	2%	16%	-19%	29
6142024	-5%	4%	-4%	5%	-27%	161
11072023	-5%	-2%	2%	16%	-8%	150
7062023	-5%	8%	18%	31%	0%	274
12082022	-8%	1%	2%	18%	-11%	278
6222022	-9%	-17%	-0%	29%	-11%	146
12302021	-6%	10%	45%	77%	-0%	159
8042021	-7%	5%	61%	117%	-8%	307
8262020	-6%	13%	56%	97%	-23%	303
1242020	-5%	9%	-14%	0%	-63%	0
11292019	-8%	6%	-32%	21%	-62%	39
5232019	-10%	1%	-50%	1%	-72%	36
10182018	-6%	-2%	-48%	0%	-49%	0
8132018	-6%	4%	-48%	10%	-48%	51
2052018	-6%	3%	-12%	30%	-29%	240
2282017	-10%	8%	-12%	6%	-23%	329
7222016	-7%	4%	-7%	27%	-11%	144
12072015	-9%	6%	35%	35%	-26%	365
6252015	-6%	2%	-27%	0%	-51%	0
9082014	-6%	4%	-50%	0%	-56%	0
1132014	-9%	6%	-33%	29%	-34%	161
6242013	-5%	1%	41%	47%	0%	364
11132012	-5%	-2%	35%	43%	-1%	339
4202012	-7%	5%	10%	19%	-14%	329
5162011	-5%	-0%	-13%	16%	-29%	67
5202010	-5%	-3%	52%	69%	-2%	320
8252009	-6%	9%	6%	28%	-5%	241
7082009	-5%	3%	43%	61%	0%	289
7172008	-6%	-9%	-43%	5%	-60%	4
1172008	-6%	-11%	-37%	54%	-50%	158
8142007	-5%	-6%	25%	65%	-4%	314
2282007	-6%	1%	45%	45%	-4%	365
9202006	-6%	6%	40%	44%	-2%	271

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 8/8/2026

XOP had 21 events since 6/22/2006 where the dip threshold of -10% within 90 days was triggered

15% median peak return within 1 year of dip event
112 days is the median time to peak return after a dip event
-15% median max drawdown within 1 year of dip event

90 Day Dip			XOP Subsequent Performance
Date	XOP	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			5%	15%	-15%	112
8052026	-11%	19%			0%	1
4032025	-17%	-9%	44%	61%	-15%	358
10312024	-10%	5%	-2%	14%	-21%	22
8022024	-11%	3%	-7%	11%	-23%	112
1102024	-10%	7%	10%	22%	-3%	86
3082023	-11%	5%	10%	16%	-13%	188
1032023	-13%	-7%	9%	22%	-9%	252
9232022	-12%	-7%	26%	35%	-3%	53
7192021	-11%	10%	60%	117%	-8%	323
9082020	-14%	15%	83%	119%	-14%	290
1232020	-10%	11%	-16%	0%	-63%	0
5232019	-11%	10%	-50%	1%	-72%	36
10242018	-13%	-4%	-38%	6%	-42%	14
4122017	-11%	8%	1%	8%	-22%	286
6292015	-11%	-1%	-25%	0%	-49%	1
10012014	-10%	3%	-49%	0%	-52%	0
5152012	-11%	5%	27%	28%	-8%	304
8042011	-12%	-8%	-6%	13%	-27%	228
8192010	-10%	-10%	26%	66%	-4%	337
5202010	-11%	-6%	52%	69%	-2%	320
8182008	-11%	-5%	-32%	11%	-55%	9

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 8/8/2026

XOP had 9 events since 6/22/2006 where the dip threshold of -20% within 180 days was triggered

25% median peak return within 1 year of dip event
171 days is the median time to peak return after a dip event
-7.6% median max drawdown within 1 year of dip event

180 Day Dip			XOP Subsequent Performance
Date	XOP	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			12%	25%	-8%	171
4042025	-27%	-8%	62%	81%	-4%	357
12192024	-20%	15%	4%	17%	-18%	28
12182018	-21%	-1%	-15%	21%	-26%	125
8102017	-24%	12%	38%	48%	-4%	333
6212017	-21%	14%	38%	47%	-4%	334
11282014	-25%	14%	-26%	10%	-37%	138
12142011	-24%	-7%	12%	25%	-8%	96
9302011	-20%	-11%	32%	44%	-7%	171
10062008	-24%	-19%	12%	13%	-35%	345

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 8/8/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
IEMG	iShares Core MSCI Emerging Markets ETF	-7.0%	79.99	8082026	86.00	6222026	47
EEM	iShares MSCI Emerging Markets ETF	-7.8%	65.64	8082026	71.21	6222026	47
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-5.8%	35.12	8082026	37.30	6222026	47
EWY	iShares MSCI South Korea ETF	-24.2%	166.09	8082026	219.20	6212026	48
EWZ	iShares MSCI Brazil ETF	-15.3%	35.34	8082026	41.73	4142026	116
FXI	iShares China Large-Cap ETF	-8.5%	36.17	8082026	39.53	2102026	179
ILF	iShares Latin America 40 ETF	-9.1%	34.62	8082026	38.10	4142026	116
KWEB	KraneShares CSI China Internet ETF	-16.5%	28.66	8082026	34.34	2092026	180
MTUM	iShares MSCI USA Momentum Factor ETF	-10.4%	309.32	8082026	345.22	6222026	47
SPMO	Invesco S&P 500 Momentum ETF	-7.4%	149.69	8082026	161.66	6222026	47
URA	Global X Uranium ETF	-22.9%	44.91	8082026	58.26	5062026	94
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-9.7%	37.61	8082026	41.63	5132026	87
ROBO	ROBO Global Robotics & Automation Index ETF	-6.5%	84.44	8082026	90.34	6022026	67
LIT	Global X Lithium & Battery Tech ETF	-19.2%	74.01	8082026	91.62	5112026	89
ICLN	iShares Global Clean Energy ETF	-22.9%	18.30	8082026	23.75	6022026	67
ARKQ	ARK Autonomous Technology & Robotics ETF	-11.1%	127.85	8082026	143.82	5282026	72
ARKX	ARK Space & Defense Innovation ETF	-9.2%	34.27	8082026	37.74	5282026	72
NASA	Tema Space Innovators ETF	-39.0%	25.55	8082026	41.89	5272026	73
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-5.7%	20.13	8082026	21.34	7062026	33
AGIX	KraneShares Artificial Intelligence ETF	-8.2%	45.34	8082026	49.40	6012026	68
RAAX	VanEck Real Assets ETF	-5.1%	40.54	8082026	42.70	5112026	89
XLK	State Street Technology Select Sector SPDR ETF	-5.2%	187.97	8082026	198.21	6022026	67
XLE	State Street Energy Select Sector SPDR ETF	-8.1%	57.50	8082026	62.56	3292026	132
XLC	State Street Communication Services Select Sector SPDR ETF	-6.6%	111.25	8082026	119.10	4192026	111
XLU	State Street Utilities Select Sector SPDR ETF	-8.0%	43.61	8082026	47.40	3012026	160
FXN	First Trust Energy AlphaDEX Fund	-7.5%	21.44	8082026	23.18	3292026	132
SMH	VanEck Semiconductor ETF	-12.9%	582.70	8082026	668.91	6222026	47
SOXX	iShares Semiconductor ETF	-17.1%	543.27	8082026	655.01	6222026	47
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-11.6%	166.40	8082026	188.18	3292026	132
MISL	First Trust Indxx Aerospace & Defense ETF	-6.8%	47.22	8082026	50.66	3022026	159
RING	iShares MSCI Global Gold Miners ETF	-21.5%	78.02	8082026	99.42	3012026	160
SOXQ	Invesco PHLX Semiconductor ETF	-15.6%	97.20	8082026	115.11	6222026	47
TLT	iShares 20+ Year Treasury Bond ETF	-7.2%	82.76	8082026	89.15	3012026	160
VGLT	Vanguard Long-Term Treasury ETF	-6.1%	53.08	8082026	56.53	3012026	160
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.5%	25.25	8082026	26.99	3012026	160
TLH	iShares 10-20 Year Treasury Bond ETF	-5.8%	97.05	8082026	103.08	3012026	160
EDV	Vanguard World Funds Extended Duration ETF	-10.5%	60.35	8082026	67.42	3012026	160
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-8.8%	17.25	8082026	18.91	5122026	88
DBC	Invesco DB Commodity Index Tracking Fund	-8.8%	28.91	8082026	31.69	5122026	88
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-10.9%	32.55	8082026	36.53	5192026	81
GSG	iShares GSCI Commodity	-5.8%	30.01	8082026	31.85	3182026	143
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-8.0%	23.83	8082026	25.91	5122026	88
FTGC	First Trust Global Tactical Commodity Strategy Fund	-5.3%	28.91	8082026	30.53	5122026	88
GLD	SPDR Gold Trust	-18.7%	398.47	8082026	490.00	3022026	159
IAU	iShares Gold Trust	-18.6%	81.68	8082026	100.38	3022026	159
GLDM	SPDR Gold MiniShares Trust	-18.6%	85.95	8082026	105.54	3022026	159
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	8082026	50.81	3022026	159
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	8082026	52.53	3022026	159
SLV	iShares Silver Trust	-32.3%	57.50	8082026	84.99	3012026	160
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	8082026	89.26	3012026	160
PPLT	ETFS Physical Platinum Shares	-26.2%	15.85	8082026	21.47	3012026	160
CPER	United States Copper Index Fund ETV	-9.6%	33.33	8082026	36.88	3012026	160
PALL	ETFS Physical Palladium Shares	-23.0%	25.05	8082026	32.54	2242026	165
USO	United States Oil Fund LP	-22.9%	117.98	8082026	152.96	5192026	81
UNG	United States Natural Gas Fund LP	-26.6%	9.74	8082026	13.27	2082026	181
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	8082026	60.13	5042026	96
IBIT	iShares Bitcoin Trust ETF	-20.8%	36.80	8082026	46.47	5112026	89
FBTC	Fidelity Wise Origin Bitcoin Fund	-20.8%	56.53	8082026	71.35	5112026	89
ETHA	iShares Ethereum Trust ETF	-21.3%	14.47	8082026	18.38	4192026	111

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-07

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$11.4B), followed by Bond (+$5.1B), with every major asset class in net inflows.
Within the mix, money rotated into US Nasdaq Growth (+$6.2B) and out of Intermediate Treasury (−$3.7B).
Relative to fund size, FINA drew the largest inflow (+15.2% of AUM) and IYM the largest outflow (−22.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$5.24B	+1.1%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$3.81B	+0.4%
3	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$2.92B	+7.1%
4	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$2.87B	+2.8%
5	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$1.65B	+0.2%
6	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.63B	+1.0%
7	GLD	SPDR Gold Shares	Commodity Gold	+$1.44B	+1.1%
8	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	+$1.39B	+2.9%
9	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$1.02B	+1.0%
10	DYNF	iShares U.S. Equity Factor Rotation Active ETF	Equity Factor Smart Beta	+$922M	+2.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$220M	+15.2%
2	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$219M	+14.1%
3	FLTW	Franklin FTSE Taiwan ETF	Other	+$384M	+12.8%
4	KLMN		Other	+$218M	+9.7%
5	XHB	State Street SPDR S&P Homebuilders ETF	Other	+$153M	+9.6%
6	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	+$357M	+9.0%
7	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	+$387M	+8.3%
8	BHYB	Xtrackers USD High Yield BB-B ex Financials ETF	Other	+$215M	+7.7%
9	EWS	iShares MSCI Singapore ETF	Other	+$80M	+7.1%
10	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$2.92B	+7.1%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$6.1B	-0.8%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.08B	-8.7%
3	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.9B	-6.5%
4	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$791M	-1.1%
5	XLK	State Street Technology Select Sector SPDR ETF	Equity Broad Sector	-$775M	-0.6%
6	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	-$754M	-7.5%
7	PAVE	Global X - U.S. Infrastructure Development ETF	Other	-$726M	-5.1%
8	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$633M	-1.7%
9	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$627M	-0.6%
10	IAU	iShares Gold Trust	Commodity Gold	-$478M	-0.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$222M	-22.0%
2	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$224M	-10.8%
3	DTCR	Global X - Data Center & Digital Infrastructure ETF	Other	-$203M	-9.5%
4	USO	United States Oil Fund, LP	Commodity Energy	-$150M	-8.8%
5	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.08B	-8.7%
6	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	-$754M	-7.5%
7	CLIP	Global X - 1-3 Month T-Bill ETF	Cash	-$181M	-7.3%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.9B	-6.5%
9	IDU	iShares U.S. Utilities ETF	Other	-$84M	-6.1%
10	IXC	iShares Global Energy ETF	Other	-$147M	-5.5%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$54.4B), followed by Bond (+$15.2B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$13.2B) and out of Intermediate Treasury (−$2.1B).
Relative to fund size, BFLX drew the largest inflow (+56.2% of AUM) and FTXL the largest outflow (−40.2%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$11.99B	+1.2%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$8.18B	+1.0%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$6.27B	+3.9%
4	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$6.26B	+26.9%
5	DRAM	Roundhill Memory ETF	Other	+$4.94B	+20.3%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$4.82B	+1.0%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$4.3B	+4.3%
8	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$3.8B	+0.6%
9	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$3.56B	+8.4%
10	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.36B	+3.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$891M	+56.2%
2	DFAL		Other	+$482M	+31.5%
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$393M	+31.4%
4	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$6.26B	+26.9%
5	FLKR	Franklin FTSE South Korea ETF	Other	+$312M	+24.2%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$326M	+20.5%
7	DRAM	Roundhill Memory ETF	Other	+$4.94B	+20.3%
8	EWI	iShares MSCI Italy ETF	Other	+$189M	+18.7%
9	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$571M	+16.9%
10	SOXQ	Invesco PHLX Semiconductor ETF	Equity Industry Subsector	+$415M	+16.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$13.15B	-1.5%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.58B	-7.6%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.95B	-16.3%
4	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.24B	-6.6%
5	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.86B	-2.3%
6	IWD	iShares Russell 1000 Value ETF	Equity US Large Value	-$1.13B	-1.4%
7	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.09B	-8.2%
8	IWR	iShares Russell Mid-Cap ETF	Equity US Mid Cap Core	-$1.01B	-1.8%
9	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$911M	-0.7%
10	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$904M	-3.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$885M	-40.2%
2	USO	United States Oil Fund, LP	Commodity Energy	-$685M	-32.3%
3	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$521M	-31.9%
4	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-22.9%
5	KLMN		Other	-$516M	-22.6%
6	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$257M	-22.3%
7	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	-$456M	-20.2%
8	FEX	First Trust Large Cap Core AlphaDEX Fund	Other	-$285M	-18.1%
9	FNX	First Trust Mid Cap Core AlphaDEX Fund	Other	-$226M	-16.4%
10	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.95B	-16.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$184.6B), followed by Bond (+$69.9B), while Crypto (−$7.8B) and Commodity (−$3.2B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$57.8B) and out of Gold (−$4.8B).
Relative to fund size, NASA drew the largest inflow (+124.3% of AUM) and FXN the largest outflow (−64.3%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$40.88B	+4.8%
2	DRAM	Roundhill Memory ETF	Other	+$22.46B	+102.0%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$19.74B	+13.1%
4	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$14.98B	+3.1%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.78B	+15.4%
6	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$14.71B	+1.9%
7	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$13.43B	+2.0%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$11.4B	+11.7%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$10.42B	+23.9%
10	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.21B	+9.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.65B	+124.3%
2	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.27B	+104.9% ⚠
3	DRAM	Roundhill Memory ETF	Other	+$22.46B	+102.0%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.86B	+70.2% ⚠
5	FXL	First Trust Technology AlphaDEX Fund	Other	+$989M	+56.2%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$583M	+56.0%
7	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.17B	+54.7%
8	FLKR	Franklin FTSE South Korea ETF	Other	+$646M	+54.4%
9	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.45B	+51.4% ⚠
10	CBOX		Other	+$438M	+42.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$18.59B	-1.9%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.18B	-13.4%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$5.33B	-25.5%
4	IBIT	iShares Bitcoin Trust ETF	Crypto	-$5.09B	-10.6%
5	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.36B	-39.2%
6	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.72B	-7.9%
7	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$3.18B	-8.2%
8	IAU	iShares Gold Trust	Commodity Gold	-$3.13B	-5.0%
9	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.25B	-34.6%
10	IVE	iShares S&P 500 Value ETF	Equity US Large Value	-$2.14B	-4.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$734M	-64.3%
2	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$705M	-53.5%
3	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$1.07B	-44.8%
4	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-41.4%
5	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.36B	-39.2%
6	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.25B	-34.6%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.55B	-33.2%
8	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.39B	-25.7%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$5.33B	-25.5%
10	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$864M	-23.1%

Largest ETF fund flows across ~2609 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About XOP

Holdings Count: 51
Expense Ratio: 0.35%
Inception Date: 2006-06-19

State Street SPDR S&P Oil & Gas Exploration & Production ETF
This State Street SPDR ETF aims to deliver investment results that, prior to fees and expenses, generally mirror the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. It offers investors targeted exposure to the oil and gas exploration and production segment of the S&P TMI, which includes the Integrated Oil & Gas, Oil & Gas Exploration & Production, and Oil & Gas Refining & Marketing sub-industries. The fund tracks a modified equal-weighted index, providing diversified industry representation across large, mid, and small-cap companies. This structure enables investors to implement more precise strategic or tactical positions compared to broader sector-based investment approaches.
Asset Class: Equity | ETF Website

	Title	Date
0	DASHBOARDS
1	Does XOP's History Make This Dip a Buy?	06/30/2026

	Title
0	ARTICLES

Recent Active Movers

Top Gainers

Ticker	Company	Category	1D Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	7.8%	5.9%
NASA	Tema Space Innovators ETF	Equity	5.8%	1.5%
ARKK	ARK Innovation ETF	Equity	4.9%	3.3%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	4.5%	-0.0%
URA	Global X Uranium ETF	Equity	4.0%	5.1%
ARKX	ARK Space & Defense Innovation ETF	Equity	3.8%	-1.8%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	3.8%	11.5%
IGV	iShares Expanded Tech-Software Sector...	Equity	3.3%	-2.8%
ARKW	ARK Next Generation Internet ETF	Equity	3.1%	0.1%
SLV	iShares Silver Trust	Commodity	3.0%	-10.7%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
EWZ	iShares MSCI Brazil ETF	Equity	-1.3%	11.2%
XLE	State Street Energy Select Sector SPD...	Equity	-1.1%	29.4%
ILF	iShares Latin America 40 ETF	Equity	-0.8%	13.7%
USO	United States Oil Fund LP	Commodity	-0.7%	70.6%
FXN	First Trust Energy AlphaDEX Fund	Equity	-0.5%	30.7%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	-0.4%	32.3%
KRE	State Street SPDR S&P Regional Bankin...	Equity	-0.4%	18.3%
XLF	State Street Financial Select Sector ...	Equity	-0.4%	5.7%
IYJ	iShares U.S. Industrials ETF	Equity	-0.1%	13.8%
JEPI	JPMorgan Equity Premium Income ETF	Equity	-0.0%	4.8%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	22.3%	5.9%
NASA	Tema Space Innovators ETF	Equity	18.2%	1.5%
URA	Global X Uranium ETF	Equity	14.9%	5.1%
ARKX	ARK Space & Defense Innovation ETF	Equity	12.0%	-1.8%
ARKK	ARK Innovation ETF	Equity	11.5%	3.3%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	11.1%	11.5%
GDE	WisdomTree Efficient Gold Plus Equity...	Equity	10.2%	-4.3%
SLV	iShares Silver Trust	Commodity	9.8%	-10.7%
MISL	First Trust Indxx Aerospace & Defense...	Equity	9.7%	10.4%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	9.2%	74.5%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	-8.7%	70.6%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	-6.2%	32.3%
EWZ	iShares MSCI Brazil ETF	Equity	-3.6%	11.2%
XLE	State Street Energy Select Sector SPD...	Equity	-3.4%	29.4%
UNG	United States Natural Gas Fund LP	Commodity	-3.2%	-20.6%
FXN	First Trust Energy AlphaDEX Fund	Equity	-3.0%	30.7%
ILF	iShares Latin America 40 ETF	Equity	-2.1%	13.7%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	-1.8%	29.3%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	-1.8%	30.2%
XLU	State Street Utilities Select Sector ...	Equity	-1.7%	2.9%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	19.8%	5.9%
PALL	ETFS Physical Palladium Shares	Commodity	10.4%	-13.8%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	9.7%	-35.5%
IGV	iShares Expanded Tech-Software Sector...	Equity	9.4%	-2.8%
PPLT	ETFS Physical Platinum Shares	Commodity	8.4%	-15.0%
COWZ	Pacer US Cash Cows 100 ETF	Equity	8.3%	15.4%
FXI	iShares China Large-Cap ETF	Equity	8.3%	-5.5%
KWEB	KraneShares CSI China Internet ETF	Equity	8.2%	-15.8%
USO	United States Oil Fund LP	Commodity	8.2%	70.6%
AKRE	Akre Focus ETF	Equity	7.5%	-10.1%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
EWY	iShares MSCI South Korea ETF	Equity	-10.1%	70.8%
UNG	United States Natural Gas Fund LP	Commodity	-10.1%	-20.6%
SOXX	iShares Semiconductor ETF	Equity	-6.6%	80.5%
ICLN	iShares Global Clean Energy ETF	Equity	-5.3%	11.4%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-4.7%	74.5%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	-4.5%	-0.0%
NASA	Tema Space Innovators ETF	Equity	-4.3%	1.5%
XBI	State Street SPDR S&P Biotech ETF	Equity	-4.2%	29.1%
SMH	VanEck Semiconductor ETF	Equity	-4.1%	61.8%
MTUM	iShares MSCI USA Momentum Factor ETF	Equity	-3.7%	23.7%

Peer Comparisons

Peers to compare with:

Profile

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	3.7	68.1	44.7	9.2	9.9	14.1	12.0
Expense Ratio	0.35%	0.35%	0.33%	0.44%	0.35%	0.37%	0.35%
10-D Avg Volume (Mil)	3.65	11.93	10.22	1.55	9.04	0.78	6.34
Latest Day Volume (Mil)	4.08	5.86	9.48	1.14	8.64	-	5.86
Holdings Count	51	26	30	248	155	49	50
Inception Date	6/19/2006	12/20/2011	7/10/2001	2/5/2001	1/31/2006	5/1/2006	-

Fundamentals

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Net Asset Value	174.81	540.29	504.09	186.49	151.59	239.52	-
Premium/Discount	-4.8%	7.8%	7.8%	6.0%	3.8%	4.7%	5.4%
Distribution Yield	2.0%	0.2%	0.3%	0.2%	0.4%	0.0%	0.2%
Sales Yield	136.8%	7.0%	7.3%	12.8%	8.9%	28.5%	10.8%
Earnings Yield	8.7%	2.2%	2.0%	1.9%	1.0%	2.5%	2.1%

Valuation

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
P/S (TTM)	0.7x	14.2x	13.7x	7.8x	11.3x	3.5x	9.5x
P/E (TTM)	11.5x	45.2x	50.0x	51.8x	101.2x	39.8x	47.6x
P/FCF (TTM)	14.1x	51.5x	56.6x	129.1x	-	41.3x	51.5x
Forward P/E	9.8x	-	-	-	59.6x	33.2x	33.2x
Forward P/S	0.7x	-	-	-	8.9x	3.2x	3.2x

Risk

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Volatility (1Y)	28.6%	38.8%	44.8%	20.5%	27.1%	22.7%	27.9%
Volatility (3Y)	28.0%	36.8%	39.3%	20.4%	27.6%	19.9%	27.8%
Volatility (5Y)	33.5%	36.5%	38.3%	22.1%	32.3%	20.3%	32.9%
Beta (1Y)	-0.26	2.37	2.59	0.78	1.05	1.02	1.03
Beta (3Y)	0.66	1.97	2.05	0.81	1.02	0.85	0.94
Beta (5Y)	0.86	1.76	1.81	0.86	1.16	0.81	1.01
Sharpe Ratio (1Y)	1.24	2.03	2.09	2.10	2.37	1.19	2.06
Sharpe Ratio (3Y)	0.42	1.40	1.19	0.83	0.93	1.43	1.06
Sharpe Ratio (5Y)	0.65	1.01	0.87	0.28	0.31	0.97	0.76
Max Drawdown (1Y)	-18.7%	-24.6%	-29.0%	-9.6%	-10.5%	-15.8%	-17.3%
Max Drawdown (3Y)	-35.0%	-35.7%	-41.4%	-24.9%	-33.0%	-15.8%	-34.0%
Max Drawdown (5Y)	-35.0%	-45.3%	-45.8%	-39.8%	-54.0%	-18.7%	-42.6%

Returns

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
1M Return	4.4%	-4.1%	-6.6%	0.2%	-4.2%	4.6%	-2.0%
3M Return	0.2%	7.9%	10.3%	16.2%	17.7%	12.7%	11.5%
6M Return	18.1%	52.9%	64.3%	16.4%	30.4%	10.9%	24.2%
YTD Return	32.3%	61.8%	80.5%	17.2%	29.1%	16.9%	30.7%
1Y Return	37.0%	103.9%	130.3%	50.7%	83.4%	27.6%	67.0%
2Y Return	28.9%	168.8%	165.8%	37.8%	63.8%	84.9%	74.3%
3Y Return	26.7%	281.9%	222.6%	56.5%	92.8%	122.1%	107.5%

Short Interest

Short Interest: As Of Date	7152026
Short Interest: Shares Quantity	12.0 Mil
Short Interest: % Change Since 6302026	-9.3%
Average Daily Volume	3.3 Mil
Days-to-Cover Short Interest	3.6 days

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Market Price (8/9/2026): $166.52

State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Market Price (8/9/2026): $166.52

Key Takeaways

Price Chart

Asset Allocation with XOP

Valuation & Yield

Top 20 Holdings for XOP

Performance for XOP Top Holdings

Guidance Updates for XOP Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

XOP Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About XOP

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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