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

Market Price (10/31/2026): $203.8

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

Market Price (10/31/2026): $203.8

Key Takeaways

XOP has returned +62.8% YTD vs +11.4% for SPY; +64.5% over the past 12 months (SPY +12.1%). details →
Priced in gold, XOP has returned -23.1% over the past 3 years, vs +49.8% in dollars — its dollar gains have lagged gold. details →
Over the past month, XOP has seen net inflows of +$486M (+11.2% of assets). details →
Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.3 vs 1.1. details →
Analysts expect -5% revenue growth across XOP's holdings (next fiscal year) vs +9% for SPY; expected earnings growth: -12% vs +14%. details →

Last updated: 10/30/2026.

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

24.6%

Sharpe

0.31

YTD

+35.9%

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%	2.1%	1.0%	10.6%	62.8%
Bond	BND	50.0%	0.3%	0.5%	2.1%	-0.4%
Gold	GLD	10.0%	-3.5%	-3.0%	-7.0%	-10.2%
Commodity	DBC	2.5%	-0.3%	-1.4%	2.6%	50.3%
Real Estate	VNQ	5.0%	0.1%	1.3%	5.3%	9.2%
Bitcoin	BTCUSD	0.0%	-1.2%	-5.2%	-9.4%	-12.2%
Cash	GOVT	7.5%	0.3%	0.5%	2.1%	-0.7%
Conservative Portfolio		100.0%	0.3%	0.3%	3.5%	16.1%

	ETF	%	1D	1W	1M	YTD
Equity	XOP	55.0%	2.1%	1.0%	10.6%	62.8%
Bond	BND	25.0%	0.3%	0.5%	2.1%	-0.4%
Gold	GLD	7.0%	-3.5%	-3.0%	-7.0%	-10.2%
Commodity	DBC	4.0%	-0.3%	-1.4%	2.6%	50.3%
Real Estate	VNQ	5.0%	0.1%	1.3%	5.3%	9.2%
Bitcoin	BTCUSD	2.0%	-1.2%	-5.2%	-9.4%	-12.2%
Cash	GOVT	2.0%	0.3%	0.5%	2.1%	-0.7%
Moderate Portfolio		100.0%	1.0%	0.4%	6.1%	35.9%

	ETF	%	1D	1W	1M	YTD
Equity	XOP	80.0%	2.1%	1.0%	10.6%	62.8%
Bond	BND	5.0%	0.3%	0.5%	2.1%	-0.4%
Gold	GLD	3.0%	-3.5%	-3.0%	-7.0%	-10.2%
Commodity	DBC	2.2%	-0.3%	-1.4%	2.6%	50.3%
Real Estate	VNQ	4.5%	0.1%	1.3%	5.3%	9.2%
Bitcoin	BTCUSD	5.2%	-1.2%	-5.2%	-9.4%	-12.2%
Cash	GOVT	0.0%	0.3%	0.5%	2.1%	-0.7%
Aggressive Portfolio		100.0%	1.5%	0.5%	8.1%	50.8%

	ETF	%	Return	Volatility	Sharpe
Equity	XOP	25.0%	4.9%	42.4%	0.23
Bond	BND	50.0%	1.4%	5.3%	-0.26
Gold	GLD	10.0%	11.4%	15.6%	0.59
Commodity	DBC	2.5%	8.2%	17.3%	0.36
Real Estate	VNQ	5.0%	5.3%	17.6%	0.20
Bitcoin	BTCUSD	0.0%	61.7%	76.5%	0.96
Cash	GOVT	7.5%	0.5%	5.0%	-0.46
Conservative Portfolio		100.0%	5.1%	12.0%	0.24

	ETF	%	Return	Volatility	Sharpe
Equity	XOP	55.0%	4.9%	42.4%	0.23
Bond	BND	25.0%	1.4%	5.3%	-0.26
Gold	GLD	7.0%	11.4%	15.6%	0.59
Commodity	DBC	4.0%	8.2%	17.3%	0.36
Real Estate	VNQ	5.0%	5.3%	17.6%	0.20
Bitcoin	BTCUSD	2.0%	61.7%	76.5%	0.96
Cash	GOVT	2.0%	0.5%	5.0%	-0.46
Moderate Portfolio		100.0%	7.8%	24.6%	0.31

	ETF	%	Return	Volatility	Sharpe
Equity	XOP	80.0%	4.9%	42.4%	0.23
Bond	BND	5.0%	1.4%	5.3%	-0.26
Gold	GLD	3.0%	11.4%	15.6%	0.59
Commodity	DBC	2.2%	8.2%	17.3%	0.36
Real Estate	VNQ	4.5%	5.3%	17.6%	0.20
Bitcoin	BTCUSD	5.2%	61.7%	76.5%	0.96
Cash	GOVT	0.0%	0.5%	5.0%	-0.46
Aggressive Portfolio		100.0%	9.4%	35.4%	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

Learn More →

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

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	10/31/27	10/31/26	2025	2024	2023	2022	2021
Share Price CYE		$203.76	$125.14	$127.89	$129.19	$124.75	$85.82
Dividend/Share TTM		$2.37	$3.30	$3.24	$3.59	$3.35	$1.54
Valuation [1]
P/S	1.17	1.26	0.94	1.09	0.94	0.77	0.98
P/E		12.49	12.71	12.16	7.67	5.07	14.33
P/E (Non-GAAP) [2]	10.26	10.54	13.70	12.86	9.83	8.65	18.75
P/FCF		13.75	17.20	33.10	12.46	7.04	10.59
Yields TTM
Earnings Yield	9.74%	8.01%	7.87%	8.22%	13.04%	19.71%	6.98%
Dividend Yield	1.16%	1.16%	2.64%	2.53%	2.78%	2.69%	1.80%
Total Yield (TY)	10.91%	9.17%	10.51%	10.76%	15.82%	22.40%	8.77%
Risk Premium [3]
Risk Free Rate (Rf)	4.98%	4.98%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	5.93%	4.19%	6.33%	6.18%	11.94%	18.52%	7.25%
Growth Rates [6]
Sales Growth	-5.4%	16.3%	-4.3%	-8.8%	-17.6%
Earnings Growth [7]	-12.0%	151.8%	-19.1%	-66.8%	-20.4%

[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.
Show more

Highlights

YIELD

XOP's earnings yield is 8.01%, based on its 12.5x trailing P/E. With a 1.16% dividend yield, XOP is yielding 9.17% in total.

RISK

Compared to US Treasuries at 4.98%, XOP's total yield implies a healthy 4.19% risk premium. Healthy risk premiums suggest reasonable valuations.

FORWARD EXPECTATIONS

Based on analyst estimates, XOP's forward total yield is 10.91%, implying a 5.93% risk premium assuming stable Treasury rates.

Top 20 Holdings for XOP

Total Weights
Top 5: 14.6% | Top 10: 28.7% | Top 20: 55.6%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.44%	100.00%	100.00%	0.9	9.5	-5.4%	-12.0%
Top 20		55.59%	31.78%	54.30%	1.5	10.7	-6.5%	-13.0%
APA	APA	2.96%	1.30%	3.34%	2.1	10.0	-9.5%	-23.5%
MUR	Murphy Oil	2.95%	1.30%	1.72%	1.9	10.2	-3.0%	+1.9%
MPC	Marathon Petroleum	2.93%	3.25%	2.44%	0.8	7.7	-6.3%	-14.3%
DINO	HF Sinclair	2.88%	4.60%	6.29%	0.6	6.4	-9.6%	-30.0%
OVV	Ovintiv	2.87%	1.28%	1.63%	2.1	9.4	-6.1%	-3.3%
XOM	Exxon Mobil	2.85%	1.22%	1.50%	1.9	16.4	-1.6%	-17.4%
EOG	EOG Resources	2.83%	0.81%	2.81%	3.2	10.6	-7.0%	-15.0%
COP	ConocoPhillips	2.82%	0.89%	1.76%	2.7	15.0	-6.8%	-12.5%
CVX	Chevron	2.79%	1.17%	1.55%	2.0	14.9	-7.2%	-11.5%
RRC	Range Resources	2.79%	0.69%	2.44%	3.5	12.8	+3.7%	-0.2%
PSX	Phillips 66	2.78%	3.86%	3.90%	0.7	9.1	-7.8%	-10.5%
PR	Permian Resources	2.76%	0.68%	1.96%	3.1	13.3	+2.5%	-1.0%
VLO	Valero Energy	2.76%	3.45%	3.93%	0.8	7.6	-11.3%	-16.9%
CHRD	Chord Energy	2.70%	1.81%	3.27%	1.4	8.1	-20.5%	-18.4%
SM	SM Energy	2.70%	1.34%	3.51%	1.2	10.0	-0.0%	+4.6%
DVN	Devon Energy	2.68%	1.00%	2.26%	2.0	16.7	-5.5%	-17.2%
OXY	Occidental Petroleum	2.68%	0.84%	3.81%	2.4	11.8	-6.5%	-29.4%
VNOM	Viper Energy	2.65%	0.54%	0.21%	3.7	19.2	-1.3%	-11.1%
AR	Antero Resources	2.62%	1.10%	3.50%	1.9	9.2	+1.7%	+12.5%
EQT	EQT	2.60%	0.65%	2.50%	3.3	15.6	+20.4%	-11.3%

[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 10/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 10/31/27.
[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 10/30	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%	203.76	2.1%	13.6%	62.8%	64.5%	49.8%	115.1%	73.7%
APA	APA	2.96%	52.82	2.5%	27.8%	122.1%	142.5%	49.0%	135.1%
MUR	Murphy Oil	2.95%	43.95	2.6%	18.7%	44.8%	62.7%	10.3%	87.6%	140.7%
MPC	Marathon Petroleum	2.93%	444.73	2.8%	12.5%	176.6%	131.1%	212.0%	654.0%	1,315.9%
DINO	HF Sinclair	2.88%	115.00	2.8%	7.2%	155.4%	125.1%	134.3%	303.9%	530.5%
OVV	Ovintiv	2.87%	72.62	1.5%	25.6%	88.2%	101.4%	63.8%	119.0%	90.9%
XOM	Exxon Mobil	2.85%	187.25	2.2%	15.1%	58.7%	68.0%	95.2%	246.1%	244.8%
EOG	EOG Resources	2.83%	165.54	2.0%	21.0%	62.7%	62.0%	45.9%	127.2%	152.0%
COP	ConocoPhillips	2.82%	154.03	2.7%	23.1%	68.2%	80.3%	41.9%	149.9%	387.9%
CVX	Chevron	2.79%	235.52	1.8%	15.3%	58.8%	59.5%	83.2%	151.4%	237.2%
RRC	Range Resources	2.79%	54.63	1.4%	47.5%	56.1%	59.5%	57.0%	144.7%	79.4%
PSX	Phillips 66	2.78%	282.83	3.4%	10.8%	123.8%	112.4%	173.7%	353.5%	412.0%
PR	Permian Resources	2.76%	26.02	1.8%	23.2%	89.9%	117.0%	101.7%	319.6%	100.1%
VLO	Valero Energy	2.76%	399.66	3.9%	3.1%	149.1%	139.9%	241.7%	503.3%	885.5%
CHRD	Chord Energy	2.70%	156.99	2.2%	17.1%	74.2%	81.5%	11.6%	104.2%
SM	SM Energy	2.70%	40.38	2.0%	19.5%	120.6%	103.0%	8.5%	30.1%	32.6%
DVN	Devon Energy	2.68%	52.15	1.9%	13.3%	45.1%	67.1%	23.5%	64.8%	99.9%
OXY	Occidental Petroleum	2.68%	64.00	1.6%	15.7%	57.8%	60.4%	9.4%	105.2%	21.8%
VNOM	Viper Energy	2.65%	47.68	1.8%	19.5%	28.7%	35.5%
AR	Antero Resources	2.62%	42.08	2.1%	26.0%	22.1%	40.1%	42.9%	111.8%	62.3%
EQT	EQT	2.60%	55.38	1.5%	14.0%	4.2%	6.8%	36.3%	198.7%	72.3%

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%	63%	296%
Peers Return	15%	-20%	33%	13%	40%	31%	158%
S&P 500 Return	27%	-19%	24%	23%	16%	13%	106%
Monthly Win Rates [3]
XOP Win Rate	58%	67%	33%	42%	67%	60%
Peers Win Rate	58%	45%	62%	58%	67%	66%
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%	-20%
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 10/30/2026 (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	1.07	0.30	0.50
Equity Top Results (3Y)
IALT	2.30	2.30	2.30
VLUE	2.18	1.44	0.76
SPMO	0.89	1.43	0.86
SMH	1.69	1.38	0.95
CGDV	1.03	1.35	0.89

Results as of 9302026.

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 trading days was triggered

29% median peak return within 1 year of dip event
240 days is the median time to peak return after a dip event
-19% median max drawdown within 1 year of dip event

60 Trading-Day Dip			XOP Subsequent Performance
Date	XOP	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			2%	29%	-19%	240
6/15/2026	-9%	15%			-3%	133
12/18/2025	-8%	2%			0%	312
6/30/2025	-5%	10%	26%	52%	-3%	270
2/21/2025	-7%	1%	17%	17%	-24%	371
12/18/2024	-5%	3%	2%	16%	-19%	29
6/14/2024	-5%	4%	-4%	6%	-27%	161
11/7/2023	-5%	-2%	2%	17%	-8%	150
7/6/2023	-5%	8%	18%	31%	0%	274
12/8/2022	-8%	1%	2%	19%	-11%	278
6/22/2022	-9%	-17%	0%	29%	-11%	146
12/30/2021	-6%	10%	45%	77%	0%	159
8/4/2021	-7%	5%	61%	118%	-8%	307
8/26/2020	-6%	13%	56%	98%	-23%	303
1/24/2020	-5%	9%	-14%	0%	-63%	0
11/29/2019	-8%	6%	-32%	21%	-62%	39
5/23/2019	-10%	1%	-50%	1%	-72%	36
10/18/2018	-6%	-2%	-48%	0%	-49%	0
8/13/2018	-6%	4%	-48%	10%	-48%	51
2/5/2018	-6%	3%	-12%	31%	-29%	240
2/28/2017	-10%	8%	-12%	7%	-23%	329
7/22/2016	-7%	4%	-7%	28%	-11%	144
12/7/2015	-9%	6%	35%	35%	-26%	365
6/25/2015	-6%	2%	-27%	0%	-51%	0
9/8/2014	-6%	4%	-50%	0%	-56%	0
1/13/2014	-9%	6%	-33%	30%	-34%	161
6/24/2013	-5%	1%	41%	47%	0%	364
11/13/2012	-5%	-2%	35%	43%	-1%	339
4/20/2012	-7%	5%	10%	20%	-14%	329
5/16/2011	-5%	0%	-13%	16%	-29%	67
5/20/2010	-5%	-3%	52%	70%	-2%	320
8/25/2009	-6%	9%	6%	29%	-5%	241
7/8/2009	-5%	3%	43%	62%	0%	289
7/17/2008	-6%	-9%	-43%	5%	-60%	4
1/17/2008	-6%	-11%	-37%	54%	-50%	158
8/14/2007	-5%	-6%	25%	66%	-4%	314
2/28/2007	-6%	1%	45%	45%	-4%	365
9/20/2006	-6%	6%	40%	45%	-2%	271

[1] Dip event: the stock fell more than 5.0% over 60 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/30/2026

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

16% median peak return within 1 year of dip event
150 days is the median time to peak return after a dip event
-18% median max drawdown within 1 year of dip event

90 Trading-Day Dip			XOP Subsequent Performance
Date	XOP	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			5%	16%	-18%	150
8/5/2026	-10%	20%			0%	82
4/3/2025	-17%	-9%	44%	61%	-15%	358
10/31/2024	-10%	5%	-2%	14%	-21%	22
8/2/2024	-11%	3%	-7%	12%	-23%	112
1/10/2024	-10%	7%	10%	23%	-3%	86
3/8/2023	-11%	5%	10%	17%	-13%	188
1/3/2023	-13%	-7%	9%	22%	-9%	252
9/23/2022	-12%	-7%	26%	36%	-3%	53
7/19/2021	-11%	10%	60%	118%	-8%	323
9/8/2020	-14%	15%	83%	120%	-14%	290
1/23/2020	-10%	11%	-16%	0%	-63%	0
5/23/2019	-11%	10%	-50%	1%	-72%	36
10/24/2018	-13%	-4%	-38%	7%	-42%	14
4/12/2017	-11%	8%	1%	8%	-22%	286
6/29/2015	-11%	-1%	-25%	0%	-49%	1
10/1/2014	-10%	3%	-49%	0%	-52%	0
5/15/2012	-11%	5%	27%	29%	-8%	304
8/4/2011	-12%	-8%	-6%	13%	-27%	228
8/19/2010	-10%	-10%	26%	66%	-4%	337
5/20/2010	-11%	-6%	52%	70%	-2%	320
8/18/2008	-11%	-5%	-32%	11%	-55%	9

[1] Dip event: the stock fell more than 10% over 90 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/30/2026

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

26% 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 Trading-Day Dip			XOP Subsequent Performance
Date	XOP	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			12%	26%	-8%	171
4/4/2025	-27%	-8%	62%	81%	-4%	357
12/19/2024	-20%	15%	4%	18%	-18%	28
12/18/2018	-21%	-1%	-15%	22%	-26%	125
8/10/2017	-24%	12%	38%	48%	-4%	333
6/21/2017	-21%	14%	38%	48%	-4%	334
11/28/2014	-25%	14%	-26%	10%	-37%	138
12/14/2011	-24%	-7%	12%	26%	-8%	96
9/30/2011	-20%	-11%	32%	45%	-7%	171
10/6/2008	-24%	-19%	12%	13%	-35%	345

[1] Dip event: the stock fell more than 20% over 180 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/30/2026

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

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
XLG	Invesco S&P 500 Top 50 ETF	-5.5%	61.47	10302026	65.07	10072026	23
MAGS	Roundhill Magnificent Seven ETF	-7.8%	68.48	10302026	74.30	10132026	17
QQQ	Invesco QQQ Trust, Series 1	-9.1%	690.49	10302026	759.66	10062026	24
QQQM	Invesco NASDAQ 100 ETF	-9.1%	284.34	10302026	312.76	10062026	24
ONEQ	Fidelity Nasdaq Composite Index ETF	-7.8%	100.25	10302026	108.77	10062026	24
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-9.4%	151.32	10302026	167.03	8132026	78
IJH	iShares Core S&P Mid-Cap ETF	-6.8%	73.33	10302026	78.67	8162026	75
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-6.7%	668.88	10302026	716.91	8162026	75
SCHM	Schwab U.S. Mid-Cap ETF	-5.3%	34.92	10302026	36.87	6302026	122
IVOO	Vanguard S&P Mid-Cap 400 ETF	-6.5%	124.09	10302026	132.68	8162026	75
IJR	iShares Core S&P Small-Cap ETF	-6.7%	140.29	10302026	150.44	8162026	75
VB	Vanguard Small-Cap ETF	-5.9%	290.05	10302026	308.38	8162026	75
IWM	iShares Russell 2000 ETF	-8.4%	279.33	10302026	305.09	8162026	75
SCHA	Schwab U.S. Small-Cap ETF	-8.7%	32.99	10302026	36.13	6302026	122
VTWO	Vanguard Russell 2000 ETF	-8.2%	112.85	10302026	122.90	8162026	75
DFAS	Dimensional U.S. Small Cap ETF	-5.8%	79.60	10302026	84.48	8162026	75
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-5.6%	53.48	10302026	56.64	8162026	75
NUSC	Nuveen ESG Small-Cap ETF	-5.7%	50.22	10302026	53.27	8162026	75
VUG	Vanguard Growth ETF	-8.2%	85.06	10302026	92.64	10062026	24
IWF	iShares Russell 1000 Growth ETF	-9.0%	117.61	10302026	129.19	10062026	24
IVW	iShares S&P 500 Growth ETF	-8.0%	134.46	10302026	146.12	10062026	24
SCHG	Schwab U.S. Large-Cap Growth ETF	-7.1%	34.32	10302026	36.93	10062026	24
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	-8.0%	116.42	10302026	126.50	10062026	24
VONG	Vanguard Russell 1000 Growth ETF	-9.0%	121.09	10302026	133.00	10062026	24
MGK	Vanguard Mega Cap Growth ETF	-8.7%	86.85	10302026	95.11	10062026	24
IWP	iShares Russell Mid-Cap Growth ETF	-10.9%	131.64	10302026	147.70	8172026	74
VOT	Vanguard Mid-Cap Growth ETF	-8.6%	286.50	10302026	313.61	8162026	75
IJK	iShares S&P Mid-Cap 400 Growth ETF	-9.4%	107.94	10302026	119.11	8172026	74
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-9.5%	102.87	10302026	113.69	8172026	74
IWO	iShares Russell 2000 Growth ETF	-11.1%	351.75	10302026	395.65	8162026	75
VBK	Vanguard Small-Cap Growth ETF	-9.8%	330.18	10302026	365.91	8172026	74
IJT	iShares S&P Small-Cap 600 Growth ETF	-8.2%	164.34	10302026	179.07	8042026	87
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-8.2%	109.76	10302026	119.50	8042026	87
IWN	iShares Russell 2000 Value ETF	-5.7%	214.58	10302026	227.43	8162026	75
IJS	iShares S&P Small-Cap 600 Value ETF	-5.6%	132.79	10302026	140.68	8162026	75
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-5.6%	105.95	10302026	112.22	8162026	75
VIOV	Vanguard S&P Small-Cap 600 Value ETF	-5.1%	114.20	10302026	120.28	8162026	75
VXUS	Vanguard Total International Stock ETF	-6.8%	82.37	10302026	88.41	9072026	53
VEU	Vanguard FTSE All-World Ex-US ETF	-6.5%	80.57	10302026	86.21	9072026	53
IXUS	iShares Core MSCI Total International Stock ETF	-6.4%	92.35	10302026	98.71	9072026	53
CWI	State Street SPDR MSCI ACWI ex-US ETF	-6.4%	39.23	10302026	41.90	9072026	53
CORO	iShares International Country Rotation Active ETF	-6.2%	35.20	10302026	37.54	9072026	53
VEA	Vanguard FTSE Developed Markets ETF	-5.7%	69.44	10302026	73.61	8252026	66
IEFA	iShares Core MSCI EAFE ETF	-5.0%	96.31	10302026	101.41	8252026	66
SCHF	Schwab International Equity ETF	-5.6%	26.98	10302026	28.59	8252026	66
AVIV	Avantis International Large Cap Value ETF	-5.5%	79.28	10302026	83.89	8252026	66
VGK	Vanguard FTSE Europe ETF	-5.8%	87.54	10302026	92.96	8252026	66
SCZ	iShares MSCI EAFE Small-Cap ETF	-5.5%	82.75	10302026	87.57	9072026	53
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-8.3%	148.05	10302026	161.49	5112026	172
SCHC	Schwab International Small-Cap Equity ETF	-7.7%	47.89	10302026	51.86	8272026	64
FNDC	Schwab Fundamental International Small Equity ETF	-5.3%	48.94	10302026	51.66	9072026	53
IEMG	iShares Core MSCI Emerging Markets ETF	-13.7%	74.25	10302026	86.00	6222026	130
VWO	Vanguard FTSE Emerging Markets ETF	-9.5%	55.51	10302026	61.32	9072026	53
EEM	iShares MSCI Emerging Markets ETF	-14.3%	61.04	10302026	71.21	6222026	130
SPEM	State Street SPDR Portfolio Emerging Markets ETF	-9.2%	48.47	10302026	53.41	9072026	53
SCHE	Schwab Emerging Markets Equity ETF	-9.1%	34.16	10302026	37.58	9072026	53
FNDE	Schwab Fundamental Emerging Markets Equity ETF	-5.8%	40.57	10302026	43.08	9072026	53
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-19.5%	30.04	10302026	37.30	6222026	130
EWY	iShares MSCI South Korea ETF	-30.3%	152.89	10302026	219.20	6212026	131
EWZ	iShares MSCI Brazil ETF	-25.4%	32.46	10302026	43.54	10122026	18
FXI	iShares China Large-Cap ETF	-13.5%	33.08	10302026	38.26	5132026	170
ILF	iShares Latin America 40 ETF	-15.9%	32.13	10302026	38.21	10122026	18
KWEB	KraneShares CSI China Internet ETF	-25.7%	22.74	10302026	30.59	5132026	170
CGDV	Capital Group Dividend Value ETF	-5.1%	48.81	10302026	51.44	8132026	78
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	-6.0%	57.58	10302026	61.27	10072026	23
QQQI	NEOS Nasdaq 100 High Income ETF	-7.7%	51.66	10302026	56.00	10062026	24
RYLD	Global X Russell 2000 Covered Call ETF	-5.2%	15.32	10302026	16.16	8272026	64
MTUM	iShares MSCI USA Momentum Factor ETF	-17.7%	284.10	10302026	345.22	6222026	130
SPHQ	Invesco S&P 500 Quality ETF	-7.9%	82.97	10302026	90.10	6302026	122
FNDA	Schwab Fundamental U.S. Small Company ETF	-6.6%	35.98	10302026	38.52	8162026	75
SPMO	Invesco S&P 500 Momentum ETF	-15.7%	136.27	10302026	161.66	6222026	130
VLUE	iShares MSCI USA Value Factor ETF	-5.4%	194.39	10302026	205.51	9072026	53
ARKK	ARK Innovation ETF	-13.0%	80.75	10302026	92.78	10052026	25
URA	Global X Uranium ETF	-42.1%	33.73	10302026	58.26	5062026	177
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-22.6%	32.22	10302026	41.63	5132026	170
ROBO	ROBO Global Robotics & Automation Index ETF	-17.4%	74.62	10302026	90.34	6022026	150
LIT	Global X Lithium & Battery Tech ETF	-34.7%	59.81	10302026	91.62	5112026	172
ICLN	iShares Global Clean Energy ETF	-35.5%	15.31	10302026	23.75	6022026	150
ARKQ	ARK Autonomous Technology & Robotics ETF	-22.8%	111.08	10302026	143.82	5282026	155
ARKW	ARK Next Generation Internet ETF	-12.1%	147.02	10302026	167.33	10062026	24
ARKX	ARK Space & Defense Innovation ETF	-21.1%	29.79	10302026	37.74	5282026	155
NASA	Tema Space Innovators ETF	-51.3%	20.42	10302026	41.89	5272026	156
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-11.6%	19.82	10302026	22.43	10052026	25
AGIX	KraneShares Artificial Intelligence ETF	-16.0%	41.62	10302026	49.56	10062026	24
DRSK	Aptus Defined Risk ETF	-7.2%	27.27	10302026	29.39	6012026	151
PCEF	Invesco CEF Income Composite ETF	-5.9%	19.15	10302026	20.35	8132026	78
YYY	Amplify CEF High Income ETF	-9.4%	10.30	10302026	11.37	8162026	75
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-28.3%	51.14	10302026	71.30	8252026	66
RAAX	VanEck Real Assets ETF	-7.2%	39.63	10302026	42.70	5112026	172
VGT	Vanguard Information Technology ETF	-9.9%	116.96	10302026	129.80	10062026	24
XLK	State Street Technology Select Sector SPDR ETF	-11.1%	179.51	10302026	202.00	10062026	24
XLI	State Street Industrial Select Sector SPDR ETF	-10.2%	167.40	10302026	186.51	8162026	75
XLC	State Street Communication Services Select Sector SPDR ETF	-14.7%	99.90	10302026	117.08	5072026	176
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.3%	115.38	10302026	121.82	5282026	155
XLU	State Street Utilities Select Sector SPDR ETF	-6.2%	43.43	10302026	46.29	7262026	96
IYJ	iShares U.S. Industrials ETF	-6.6%	158.58	10302026	169.86	8042026	87
IYM	iShares U.S. Basic Materials ETF	-8.6%	179.52	10302026	196.45	8252026	66
SMH	VanEck Semiconductor ETF	-21.9%	522.49	10302026	668.91	6222026	130
SOXX	iShares Semiconductor ETF	-28.0%	471.51	10302026	655.01	6222026	130
XBI	State Street SPDR S&P Biotech ETF	-8.0%	155.98	10302026	169.55	8192026	72
ITA	iShares U.S. Aerospace & Defense ETF	-17.2%	209.74	10302026	253.22	8162026	75
IGV	iShares Expanded Tech-Software Sector ETF	-7.4%	104.29	10302026	112.67	10112026	19
IYT	iShares U.S. Transportation ETF	-9.3%	81.61	10302026	90.01	7162026	106
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-10.4%	177.50	10302026	198.06	9032026	57
KRE	State Street SPDR S&P Regional Banking ETF	-7.6%	72.01	10302026	77.93	8162026	75
MISL	First Trust Indxx Aerospace & Defense ETF	-15.6%	41.54	10302026	49.19	5282026	155
RING	iShares MSCI Global Gold Miners ETF	-28.2%	66.85	10302026	93.17	8252026	66
SOXQ	Invesco PHLX Semiconductor ETF	-26.9%	84.12	10302026	115.11	6222026	130
EDV	Vanguard World Funds Extended Duration ETF	-8.2%	59.27	10302026	64.54	6242026	128
VCLT	Vanguard Long-Term Corporate Bond ETF	-5.2%	70.63	10302026	74.47	6292026	123
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.2%	21.02	10302026	22.18	6292026	123
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-5.1%	47.05	10302026	49.56	6292026	123
GLD	SPDR Gold Trust	-18.1%	355.78	10302026	434.65	5112026	172
IAU	iShares Gold Trust	-18.1%	72.92	10302026	89.06	5112026	172
GLDM	SPDR Gold MiniShares Trust	-18.0%	76.83	10302026	93.69	5112026	172
SLV	iShares Silver Trust	-43.8%	44.60	10302026	79.35	5132026	170
PPLT	ETFS Physical Platinum Shares	-33.4%	13.01	10302026	19.55	5132026	170
PALL	ETFS Physical Palladium Shares	-36.4%	17.78	10302026	27.96	5062026	177
UNG	United States Natural Gas Fund LP	-25.1%	9.08	10302026	12.12	6042026	148
VNQ	Vanguard Real Estate ETF	-6.1%	93.94	10302026	100.08	7282026	94
XLRE	State Street Real Estate Select Sector SPDR ETF	-6.2%	43.17	10302026	46.01	7282026	94
SCHH	Schwab U.S. REIT ETF	-7.3%	23.05	10302026	24.86	7262026	96
IYR	iShares U.S. Real Estate ETF	-7.1%	99.66	10302026	107.26	7282026	94
REET	iShares Global REIT ETF	-8.5%	26.43	10302026	28.89	7262026	96
USRT	iShares Core U.S. REIT ETF	-8.7%	63.77	10302026	69.82	7262026	96
IBIT	iShares Bitcoin Trust ETF	-11.5%	43.36	10302026	49.01	9212026	39
FBTC	Fidelity Wise Origin Bitcoin Fund	-11.4%	66.71	10302026	75.31	9212026	39
ETHA	iShares Ethereum Trust ETF	-16.6%	50.42	10302026	60.45	9282026	32

ETF Fund Flows

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

Net fund flows · as of 2026-10-30

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$21.0B), followed by Bond (+$10.0B), while Cash (−$3.7B) and Crypto (−$412M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$8.9B) and out of US Large Value (−$1.4B).
Relative to fund size, XHB drew the largest inflow (+10.4% of AUM) and IGOV the largest outflow (−26.7%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$4.18B	+0.4%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$2.2B	+0.3%
3	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$1.93B	+0.2%
4	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$1.72B	+5.6%
5	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$1.6B	+0.3%
6	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	+$1.23B	+2.4%
7	JCPB	JPMorgan Core Plus Bond ETF	Bond Core Plus Multisector	+$1.15B	+6.6%
8	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$1.03B	+1.5%
9	SCHP	Schwab US TIPS ETF	Bond Inflation Protected	+$984M	+5.7%
10	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	+$978M	+3.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	XHB	State Street SPDR S&P Homebuilders ETF	Other	+$156M	+10.4%
2	VFMO	Vanguard U.S. Momentum Factor ETF	Other	+$203M	+10.1%
3	ARKK	ARK Innovation ETF	Equity Thematic	+$644M	+9.9%
4	ARKW	ARK Next Generation Internet ETF	Equity Thematic	+$164M	+9.5%
5	TBLL	Invesco Short Term Treasury ETF	Other	+$265M	+9.2%
6	LTPZ	PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund	Other	+$100M	+8.4%
7	ALAI	Alger AI Enablers & Adopters ETF	Other	+$205M	+7.6%
8	CNEQ	Alger Concentrated Equity ETF	Other	+$583M	+7.5%
9	TGRT	T. Rowe Price Growth ETF	Other	+$119M	+7.3%
10	ATFV	Alger 35 ETF	Other	+$76M	+6.8%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IWD	iShares Russell 1000 Value ETF	Equity US Large Value	-$1.7B	-2.0%
2	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	-$1.55B	-3.2%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	-$1.4B	-1.2%
4	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.17B	-11.6%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.09B	-6.0%
6	SHV	iShares Trust iShares 0-1 Year Treasury Bond ETF	Cash	-$919M	-4.3%
7	IWS	iShares Russell Mid-Cap Value ETF	Equity US Mid Cap Value	-$835M	-5.6%
8	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$640M	-0.6%
9	MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	Other	-$585M	-3.2%
10	ETHA	iShares Ethereum Trust ETF	Crypto	-$398M	-5.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	IGOV	iShares International Treasury Bond ETF	Bond International	-$275M	-26.7%
2	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.17B	-11.6%
3	ARKG	ARK Genomic Revolution ETF	Other	-$148M	-6.3%
4	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.09B	-6.0%
5	IWS	iShares Russell Mid-Cap Value ETF	Equity US Mid Cap Value	-$835M	-5.6%
6	ETHA	iShares Ethereum Trust ETF	Crypto	-$398M	-5.3%
7	CQQQ	Invesco China Technology ETF	Other	-$80M	-4.3%
8	SHV	iShares Trust iShares 0-1 Year Treasury Bond ETF	Cash	-$919M	-4.3%
9	DBA	Invesco DB Agriculture Fund	Other	-$48M	-4.2%
10	ICVT	iShares Convertible Bond ETF	Other	-$278M	-3.7%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$80.8B), followed by Bond (+$39.3B), while Crypto (−$1.6B) and Real Estate (−$689M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$32.7B) and out of US Small Cap Core (−$2.6B).
Relative to fund size, CNEQ drew the largest inflow (+87.5% of AUM) and AGIX the largest outflow (−30.4%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$24.93B	+2.4%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$10.06B	+5.5%
3	MUB	iShares National Muni Bond ETF	Bond Municipal	+$6.24B	+12.2%
4	CNEQ	Alger Concentrated Equity ETF	Other	+$4.95B	+87.5%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$4.71B	+0.7%
6	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$4.4B	+9.5%
7	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$3.86B	+7.5%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.72B	+3.4%
9	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$3.34B	+11.5%
10	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$3.22B	+2.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$4.95B	+87.5%
2	ALAI	Alger AI Enablers & Adopters ETF	Other	+$1.51B	+85.3%
3	ARKK	ARK Innovation ETF	Equity Thematic	+$3.1B	+47.2% ⚠
4	TAFM	Alliance Bernstein - AB Tax-Aware Intermediate Municipal ETF	Other	+$339M	+31.6%
5	VCRM	Vanguard Core Tax-Exempt Bond E	Other	+$717M	+28.7%
6	VTEI	Vanguard Intermediate-Term Tax-Exempt Bond ETF	Other	+$564M	+28.4%
7	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$366M	+27.7%
8	AIS	VistaShares Artificial Intelligence Supercycle ETF	Other	+$267M	+23.9%
9	SCMB	Schwab Municipal Bond ETF	Other	+$863M	+23.6%
10	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	+$2.85B	+23.1%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$2.89B	-3.8%
2	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.52B	-13.3%
3	DRAM	Roundhill Memory ETF	Other	-$2.37B	-11.6%
4	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$2.15B	-0.2%
5	GLD	SPDR Gold Shares	Commodity Gold	-$2.02B	-1.4%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$1.82B	-0.4%
7	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	-$1.58B	-3.1%
8	SHV	iShares Trust iShares 0-1 Year Treasury Bond ETF	Cash	-$1.52B	-6.5%
9	ETHA	iShares Ethereum Trust ETF	Crypto	-$1.41B	-17.1% ⚠
10	TCAF	T. Rowe Capital Appreciation Equity ETF	Other	-$1.39B	-16.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	AGIX	KraneShares Public-Private AI & Technology ETF	Equity Thematic	-$319M	-30.4%
2	EUFN	iShares MSCI Europe Financials ETF	Other	-$810M	-25.2%
3	IGOV	iShares International Treasury Bond ETF	Bond International	-$285M	-21.8%
4	EWS	iShares MSCI Singapore ETF	Other	-$242M	-21.3%
5	CQQQ	Invesco China Technology ETF	Other	-$428M	-19.0%
6	IYK	iShares U.S. Consumer Staples ETF	Other	-$290M	-18.4%
7	EWP	iShares MSCI Spain ETF	Other	-$348M	-17.2%
8	ETHA	iShares Ethereum Trust ETF	Crypto	-$1.41B	-17.1% ⚠
9	TCAF	T. Rowe Capital Appreciation Equity ETF	Other	-$1.39B	-16.2%
10	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.52B	-13.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$156.3B), followed by Bond (+$81.7B), while Real Estate (−$292M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$41.0B) and out of Mortgage Backed (−$1.6B).
Relative to fund size, CNEQ drew the largest inflow (+244.2% of AUM) and MTBA the largest outflow (−40.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$34.43B	+3.3%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$18.32B	+10.7%
3	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$16.36B	+2.4%
4	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$15.25B	+13.8%
5	MUB	iShares National Muni Bond ETF	Bond Municipal	+$9.7B	+21.2%
6	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.55B	+8.6%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$8.97B	+8.5%
8	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$7.84B	+4.8%
9	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$7.75B	+17.7%
10	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$7.72B	+16.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$7.08B	+244.2%
2	ALAI	Alger AI Enablers & Adopters ETF	Other	+$2.28B	+178.1%
3	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$5.97B	+70.4%
4	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$692M	+67.8%
5	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.35B	+67.6%
6	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.93B	+61.8%
7	ARKK	ARK Innovation ETF	Equity Thematic	+$3.86B	+60.0% ⚠
8	VCRM	Vanguard Core Tax-Exempt Bond E	Other	+$1.11B	+58.0%
9	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$933M	+57.1%
10	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$6.83B	+54.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$10.33B	-1.2%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$7.02B	-29.2%
3	DRAM	Roundhill Memory ETF	Other	-$4.2B	-16.7%
4	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$3.99B	-7.4%
5	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.58B	-6.6%
6	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$2.41B	-5.7%
7	SDY	State Street SPDR S&P Dividend ETF	Equity Dividend Income	-$2.02B	-9.3%
8	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.8B	-12.7%
9	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$1.45B	-0.2%
10	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.35B	-1.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	MTBA	Simplify MBS ETF	Other	-$560M	-40.1%
2	IYZ	iShares U.S. Telecommunications ETF	Other	-$370M	-33.4%
3	BKAG	BNY Mellon Core Bond ETF	Other	-$706M	-31.6%
4	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$484M	-31.3%
5	IGOV	iShares International Treasury Bond ETF	Bond International	-$467M	-30.7%
6	PKW	Invesco BuyBack Achievers ETF	Other	-$537M	-30.5%
7	USO	United States Oil Fund, LP	Commodity Energy	-$569M	-30.0%
8	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$7.02B	-29.2%
9	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$484M	-27.4%
10	CTA	Simplify Managed Futures Strategy ETF	Other	-$369M	-24.4%

Largest ETF fund flows across ~2655 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on XOP

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

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	Mkt Cap (B)	1D Rtn	YTD Rtn
GDYN	Grid Dynamics	1.1	40.8%	48.0%
FMC	FMC	0.8	30.5%	-54.4%
OSPN	OneSpan	1.0	27.3%	106.1%
CDNA	CareDx	4.5	22.2%	364.0%
CPRI	Capri	2.2	16.3%	-23.4%
MEOH	Methanex	5.5	14.0%	82.0%
REGN	Regeneron Pharmaceuticals	95.4	13.3%	20.7%
CVCO	Cavco Industries	4.8	13.1%	4.8%
GPN	Global Payments	26.1	13.0%	26.4%
BTSG	BrightSpring Health Services	13.8	11.1%	78.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ARI	Apollo Commercial Real Estate Finance	0.3	-64.5%	-75.9%
ATEC	Alphatec	1.1	-38.1%	-66.5%
RDDT	Reddit	17.6	-29.2%	-60.1%
ABR	Arbor Realty Trust	0.4	-29.1%	-69.6%
GYRE	Gyre Therapeutics	0.5	-28.9%	-35.5%
INTC	Intel	335.6	-28.6%	78.2%
COUR	Coursera	0.8	-25.5%	-52.9%
CRMD	Cormedix	0.4	-25.5%	-51.0%
XMAX	XMax	0.4	-20.7%	-20.2%
OPY	Oppenheimer	0.9	-20.1%	19.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
GDYN	Grid Dynamics	1.1	54.5%	48.0%
REPL	Replimune	1.7	53.7%	81.2%
SGRY	Surgery Partners	3.0	47.4%	50.2%
ADT	ADT	7.5	42.9%	25.2%
TDOC	Teladoc Health	1.5	34.2%	21.6%
GKOS	Glaukos	14.0	32.8%	110.4%
ULCC	Frontier	1.5	30.6%	36.9%
AXGN	Axogen	2.6	29.7%	50.8%
HRI	Herc	5.5	29.4%	13.4%
PRME	Prime Medicine	0.8	28.6%	36.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ARI	Apollo Commercial Real Estate Finance	0.3	-63.7%	-75.9%
BCAX	Bicara Therapeutics	0.6	-46.5%	-45.8%
IOVA	Iovance Biotherapeutics	3.8	-39.8%	210.6%
ATEC	Alphatec	1.1	-36.6%	-66.5%
RDDT	Reddit	17.6	-36.4%	-60.1%
BXBL	BOXABL	5.9	-34.3%	-79.9%
COUR	Coursera	0.8	-31.7%	-52.9%
ORIC	ORIC Pharmaceuticals	1.0	-29.8%	13.0%
AVBP	ArriVent BioPharma	0.7	-29.2%	-26.1%
CMPR	Cimpress	1.4	-29.1%	-14.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
BRZE	Braze	5.1	78.4%	33.4%
SGRY	Surgery Partners	3.0	75.4%	50.2%
LQDA	Liquidia	4.0	61.0%	30.6%
GDYN	Grid Dynamics	1.1	59.4%	48.0%
ADT	ADT	7.5	58.3%	25.2%
PRME	Prime Medicine	0.8	57.9%	36.0%
MAX	MediaAlpha	0.8	52.4%	13.9%
FIGS	FIGS	3.5	51.3%	87.6%
TDOC	Teladoc Health	1.5	50.1%	21.6%
DGICB	Donegal	-	48.2%	45.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ARI	Apollo Commercial Real Estate Finance	0.3	-62.9%	-75.9%
GLAS	Glass House Brands	0.2	-59.0%	-75.4%
NUAI	New Era Energy & Digital	0.3	-57.1%	-6.7%
BRUN	Boost Run	0.4	-55.2%	-66.0%
SHAZ	SharonAI	0.4	-54.5%	-75.5%
CIFR	Cipher Digital	3.0	-52.8%	-50.6%
AVTX	Avalo Therapeutics	0.3	-52.0%	-60.5%
BCAX	Bicara Therapeutics	0.6	-49.8%	-45.8%
AVBP	ArriVent BioPharma	0.7	-48.6%	-26.1%
BLZE	Backblaze	0.5	-46.5%	62.9%

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)	4.5	67.7	46.4	10.7	10.4	12.0	11.4
Expense Ratio	0.35%	0.35%	0.33%	0.44%	0.35%	0.37%	0.35%
10-D Avg Volume (Mil)	3.08	9.30	8.76	1.62	9.23	0.74	5.92
Latest Day Volume (Mil)	2.24	10.08	9.07	0.77	4.82	-	4.82
Holdings Count	51	26	30	243	165	50	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	201.63	541.56	492.25	208.68	149.61	207.10	-
Premium/Discount	1.1%	-3.5%	-4.2%	4.3%	4.3%	1.3%	1.2%
Distribution Yield	1.5%	0.2%	0.3%	0.2%	0.4%	0.0%	0.3%
Sales Yield	108.2%	9.0%	10.1%	11.9%	9.7%	34.5%	11.0%
Earnings Yield	8.0%	3.0%	2.8%	1.9%	1.5%	3.3%	2.9%

Valuation

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
P/S (TTM)	0.9x	11.1x	9.9x	8.4x	10.3x	2.9x	9.1x
P/E (TTM)	12.5x	33.2x	36.0x	54.0x	65.5x	30.1x	34.6x
P/FCF (TTM)	14.8x	38.7x	39.6x	143.8x	-	36.2x	38.7x
Forward P/E	9.5x	-	-	-	50.7x	27.0x	27.0x
Forward P/S	0.9x	-	-	-	8.2x	2.6x	2.6x

Risk

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Volatility (1Y)	28.7%	40.7%	47.3%	22.8%	29.1%	23.3%	28.9%
Volatility (3Y)	28.3%	37.5%	40.4%	21.4%	28.1%	20.2%	28.2%
Volatility (5Y)	32.9%	37.1%	39.1%	22.4%	32.5%	20.4%	32.7%
Beta (1Y)	-0.51	2.42	2.66	0.81	1.10	0.99	1.05
Beta (3Y)	0.64	2.00	2.09	0.82	1.05	0.85	0.95
Beta (5Y)	0.82	1.77	1.83	0.86	1.16	0.81	1.01
Sharpe Ratio (1Y)	1.86	1.07	1.13	1.56	1.33	-0.04	1.23
Sharpe Ratio (3Y)	0.61	1.38	1.17	1.11	1.17	1.23	1.17
Sharpe Ratio (5Y)	0.62	0.94	0.79	0.40	0.30	0.78	0.70
Max Drawdown (1Y)	-18.5%	-24.6%	-29.0%	-9.6%	-14.9%	-20.1%	-19.3%
Max Drawdown (3Y)	-35.0%	-35.7%	-41.4%	-24.9%	-33.0%	-20.1%	-34.0%
Max Drawdown (5Y)	-35.0%	-45.3%	-45.8%	-35.7%	-53.2%	-20.1%	-40.5%

Returns

	XOP	SMH	SOXX	IBB	XBI	ITA	Median
Name	State Stre.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
1M Return	10.6%	-15.4%	-18.2%	5.7%	1.0%	0.8%	0.9%
3M Return	16.9%	-4.2%	-7.1%	17.1%	5.9%	-14.8%	0.8%
6M Return	15.9%	2.5%	1.3%	30.1%	19.6%	-3.0%	9.2%
YTD Return	62.8%	45.1%	56.7%	29.1%	27.9%	-2.2%	37.1%
1Y Return	63.9%	42.2%	52.7%	38.9%	41.0%	-3.4%	41.6%
2Y Return	58.0%	108.1%	107.4%	54.4%	61.2%	41.7%	59.6%
3Y Return	48.5%	281.9%	225.2%	90.4%	139.4%	98.6%	119.0%

Short Interest

Short Interest: As Of Date	10152026
Short Interest: Shares Quantity	12.9 Mil
Short Interest: % Change Since 9302026	-10.3%
Average Daily Volume	2.5 Mil
Days-to-Cover Short Interest	5.1 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

Prefer one of these to Trefis? Tell us why.

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

Market Price (10/31/2026): $203.8

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

Market Price (10/31/2026): $203.8

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

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links