Market Data
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is an equity energy exchange-traded fund from State Street Investment Management, launched Jun 19, 2006. Its latest SEC N-PORT filing lists 55 positions, with 29.0% of the fund in the ten largest. The fund charges an expense ratio of 0.35% a year and holds $4.6B in assets.
Holdings & Allocation
SPDR S&P Oil & Gas Exploration & Production ETF's largest position is RRC at 3.31% of the fund, and its top 10 holdings add up to 29.0% of 55 positions. By sector, the biggest exposure is Energy at 97.1%.
Distributions
SPDR S&P Oil & Gas Exploration & Production ETF paid $3.12 per share over the last 12 months, a trailing 12-month distribution yield of 1.78% at the current price. It pays quarterly.
| Ex-date | Amount | Type |
|---|---|---|
| Sep 21, 2026 | $0.757 | Regular |
| Jun 22, 2026 | $0.748 | Regular |
| Mar 23, 2026 | $0.709 | Regular |
| Dec 22, 2025 | $0.91 | Regular |
| Sep 22, 2025 | $0.881 | Regular |
| Jun 23, 2025 | $0.752 | Regular |
| Mar 24, 2025 | $0.761 | Regular |
| Dec 23, 2024 | $0.808 | Regular |
Yield counts regular payments only and is computed from paid distributions and the latest close; it is not the SEC 30-day yield. The next ex-date is estimated from the payment schedule.
Behaviour On Record
SPDR S&P Oil & Gas Exploration & Production ETF is currently running 37.6% annualised volatility over the last 21 sessions. Measured against XOP's own 13 years of daily returns rather than a market-wide average, that is the 69th percentile — a little above its own norm, against a typical reading of 30.3%.
XOP is trading -45.4% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -31.3%, and the deepest was -69.7% in 2020. The current drawdown is already deeper than this fund's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits +6.2% from its 200-day moving average. Against every other day in its history, that gap ranks at the 65th percentile — a somewhat wider gap than its own norm. Over the past year XOP closed higher on 57% of sessions, and it is currently 1 session into a rising streak.
On November specifically: over 13 years of records, XOP finished the month higher 5 of 13 times, with a median return of -0.9% and an average of +1.2%. Its strongest month historically has been April at +6.3% on average, its weakest December at -3.4%.
Overnight risk is measurable too: XOP has opened more than 2% away from the prior close in 150 of 3,268 sessions (4.6% of the time), with the largest gaps running +6.7% and -19.0%.
All figures computed from 3,269 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against XOP's own 13-year history, not a peer group or index.
Industry Rotation
XOP tracks Oil & Gas Exploration & Production, which ranks 14 of 15 industry ETFs on DailyIQ's rotation score (7/100) and is classed as Lagging. Over the last three months it has outperformed the S&P 500 (SPY) by 3.0 points.
| Period | XOP | vs SPY |
|---|---|---|
| 1 week | -14.8% | -12.1% |
| 1 month | -10.3% | -5.4% |
| 3 months | -1.6% | +3.0% |
| Year to date | +37.2% | +29.3% |
| 1 year | +38.5% | +29.0% |
Rotation score is a percentile within the industry group, built from relative strength against SPY over 1 week, 1 month and 3 months, its acceleration, rank change, volume and position against the 20- and 50-day averages, as of the Nov 6, 2026 close. See all sectors.
News & sentiment
XOP fell 8.0% over the month to Nov 6. Daily news tone ranged from 50 to 92 and read 50 on Nov 4.
Technical analysis
On the daily chart XOP ranks at the 87th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.
Institutional ownership
30 of the 75 tracked managers added to XOP in their latest 13F and 37 trimmed. Together their positions are worth $3.1B.
Discover more
Over the six months to Nov 6, XOP returned +2.1%. Of the 15 related stocks and ETFs, 10 did better, led by MPC at +54.1%.
