ETF Evaluator:
SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP)
Follow This ETF
(as of Jul 31)
Best Performing in Equity Energy Over the Last Year
| 93.0% | Stt Strt® SPDR® S&P KenshoClnPwrETF (CNRG) |
| 79.5% | Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES) |
| 73.1% | BP p.l.c. ADRhedged (BPH) |
| 67.0% | Invesco Oil & Gas Services ETF (PXJ) |
| 64.4% | VanEck Oil Services ETF (OIH) |
Risk
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Risk
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ETF Details
SttStrtSPDRS&POil&GasExplor&ProdtnETF Overview
SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP) is a passively managed Sector Equity Equity Energy exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2006.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U.S. total market composite index.
In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index ("S&P TMI").
About SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP)
There are 3 members of the management team with an average tenure of 7.27 years: Emiliano Rabinovich (2025), Olga Winner (2017) and Karl Schneider (2014). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Oil&Gas Explor&Pro Sel Indust TR USD index with a weighting of 100%. SttStrtSPDRS&POil&GasExplor&ProdtnETF has 54 securities in its portfolio. The top 10 holdings constitute 27.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
SttStrtSPDRS&POil&GasExplor&ProdtnETF is part of the Equity global asset class and is within the Sector Equity ETF group. SttStrtSPDRS&POil&GasExplor&ProdtnETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SttStrtSPDRS&POil&GasExplor&ProdtnETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is above the $1 billion average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XOP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SttStrtSPDRS&POil&GasExplor&ProdtnETF expense ratio is below average compared to funds in the Equity Energy category. SttStrtSPDRS&POil&GasExplor&ProdtnETF has an expense ratio of 0.35%, which is 37% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. SttStrtSPDRS&POil&GasExplor&ProdtnETF has a portfolio turnover rate of 33%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 23% for the Equity Energy category.
Recently, in the month of June 2026, SttStrtSPDRS&POil&GasExplor&ProdtnETF returned -5.5%, which earned it a grade of D, as the Equity Energy category had an average return of -4.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
SttStrtSPDRS&POil&GasExplor&ProdtnETF has a trailing yield of 2.11%, which is below the 2.42% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SttStrtSPDRS&POil&GasExplor&ProdtnETF Grades
Year to date, the ETF has returned 23.2%, 2.7 percentage points better than the category, which translates into a grade of B. The fund has returned 25.4% over the past year (grade of D), 8.7% over the past three years (grade of F) and 12.4% per year over the past five years (grade of F) and 3.0% per year over the past 10 years (grade of D).
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XOP Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XOP Return (NAV) | -5.5% | -14.8% | 25.4% | 8.7% | 12.4% | 3.0% |
| XOP Return (Price) | -5.5% | -14.8% | 25.5% | 8.7% | 12.5% | 3.0% |
| NAV +/- Price Return | -0.028% | -0.013% | -0.022% | -0.001% | -0.020% | 0.002% |
| Equity Energy Avg | -4.9% | -6.0% | 37.1% | 13.0% | 13.7% | 5.1% |
| XOP Grade (NAV) | D | F | D | F | F | D |
| +/- Category (NAV) | -0.6% | -8.8% | -11.7% | -4.3% | -1.2% | -2.1% |
| XOP Tax-Cost Ratio | na | na | 0.9% | 0.9% | 0.9% | 0.7% |
XOP Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XOP Return (NAV) | 23.2% | -2.1% | -1.0% | 3.5% | 45.3% | 66.9% | -36.4% | -9.3% | -28.2% | -9.3% | 38.3% |
| XOP Return (Price) | 23.3% | -2.1% | -1.0% | 3.5% | 45.3% | 66.8% | -36.3% | -9.4% | -28.1% | -9.5% | 38.3% |
| NAV +/- Price Ret | 0.003% | 0.010% | 0.006% | 0.011% | 0.000% | -0.002% | -0.004% | 1.4% | -0.4% | 1.7% | 0.0% |
| Equity Energy Avg | 20.5% | 10.9% | 2.3% | 3.7% | 41.6% | 42.0% | -22.2% | 6.8% | -24.5% | -4.1% | 26.3% |
| XOP Grade (NAV) | B | F | D | C | D | B | D | F | D | D | A |
| +/- Category | 2.7% | -13.0% | -3.3% | -0.2% | 3.7% | 24.9% | -14.3% | -16.1% | -3.8% | -5.2% | 12.0% |
| Risk Measures | |
| Beta: | -0.12 |
| R-Squared: | 0% |
| Standard Deviation: | 24.0% |
| Category Risk Index: | 1.13 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.97 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 2.1% |
| Total Assets: | $ 2,915 Mil |
| Share Class Assets: | $ 2,915 Mil |
| Turnover: | 33.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.7 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Schneider Karl (2014), Winner Olga (2017), Rabinovich Emiliano (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 54 |
| % in Top 10 Holdings: | 27.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | June 19, 2006 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.55% |
