SPDR S&P Oil & Gas Exploration & Production ETF (XOP) Performance
XOP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +61.8% since Dec 31, 2025
- 1 year
- +58.7% total return
- 5 years
- +16.1% a year
- 10 years
- +4.9% a year
- Since first price
- +3.3% a year since 2006
XOP trailing returns vs SPY, QQQ, AGG
| Period | XOP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +10.4% | +10.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +15.3% | +14.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +20.0% | +18.9% | +7.8% | +8.4% | −1.5% |
| YTD | +61.8% | +59.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +58.7% | +55.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +46.2%+13.5%/yr | +36.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +111.4%+16.1%/yr | +87.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +61.4%+4.9%/yr | +33.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +23.0%+1.4%/yr | −4.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +80.9%+3.0%/yr | +36.5% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 22, 2006 | +93.8%+3.3%/yr | +46.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XOP vs SPY
From Jun 22, 2006: XOP grew to $19,379, SPY to $88,403.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XOP returns by calendar year
10 of 19 full years positive. Best 2021 (+66.7%), worst 2008 (−42.7%). 2026 is year to date.
XOP annual returns table
| Year | XOP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +61.8% | −18.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −2.2% | −29.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.0% | −20.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.6% | −19.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +45.3% | −33.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +66.7% | −26.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −36.4% | −68.8% | +18.3% | +48.6% | +7.5% |
| 2019 | −9.4% | −38.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −28.1% | −45.7% | −4.6% | −0.1% | +0.1% |
| 2017 | −9.5% | −30.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +38.3% | −22.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −35.8% | −47.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −29.4% | −48.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +27.9% | −11.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +3.9% | −26.3% | +16.0% | +18.1% | +3.8% |
| 2011 | +0.9% | −38.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +28.6% | −16.9% | +15.1% | +19.9% | +6.4% |
| 2009 | +40.2% | −30.1% | +26.4% | +54.7% | +3.0% |
| 2008 | −42.7% | −67.7% | −36.8% | −41.7% | +7.9% |
| 2007 | +36.9% | −15.2% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XOP largest drawdowns
Now 24.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 23, 2014 | −90.3% | Mar 23, 2020 | not yet | 5.7 years | 12.3 years so far |
| Jun 23, 2008 | −67.7% | Nov 20, 2008 | Oct 4, 2013 | 5 months | 5.3 years |
| Aug 9, 2006 | −17.4% | Oct 3, 2006 | Nov 29, 2006 | 55 days | 4 months |
| Nov 6, 2007 | −15.3% | Jan 23, 2008 | Feb 19, 2008 | 3 months | 3 months |
| Jun 18, 2007 | −15.2% | Aug 28, 2007 | Oct 9, 2007 | 2 months | 4 months |
| Dec 1, 2006 | −14.3% | Jan 11, 2007 | Apr 4, 2007 | 41 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XOP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +9.1% | +15.9% | +3.5% | +2.1% |
| Volatility (annualized) | 25.0% | 30.1% | 42.2% | 37.0% |
| Sharpe ratio | 0.29 | 0.52 | 0.23 | 0.20 |
| Sortino ratio | 0.50 | 0.87 | 0.38 | 0.31 |
| Best month | +18.8% | +21.3% | +65.2% | +65.2% |
| Worst month | −15.9% | −22.3% | −45.9% | −45.9% |
| Best 12 months | +64.8% | +64.8% | +166.6% | +166.6% |
| Worst 12 months | −25.1% | −25.1% | −72.6% | −72.6% |
| Positive months | 50% | 52% | 49% | 51% |
| Beta vs S&P 500 | -0.01 | 0.64 | 1.46 | — |
| Correlation with S&P 500 | -0.01 | 0.33 | 0.53 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XOP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −72.6% | +5.9% | +166.6% | 55% |
| 3-year (a year) | 209 | −38.9% | +1.2% | +60.8% | 53% |
| 5-year (a year) | 185 | −29.9% | +0.3% | +35.1% | 52% |
| 10-year (a year) | 125 | −14.1% | −3.2% | +6.5% | 25% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
XOP performance overview
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) returned +58.7% over the past year and +4.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +3.3% a year, turning $10,000 into about $19,379. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −90.3%, from Jun 23, 2014 to Mar 23, 2020; the fund has not yet regained that high. XOP finished 10 of its 19 full calendar years with a gain; the best year was 2021 (+66.7%) and the worst 2008 (−42.7%). Volatility has been 37.0% a year.
Related: XOP chart, XOP holdings, XOP dividends, XOP valuation. See the XOP overview for the latest quote and fund facts.
XOP performance FAQ
What is the XOP return over the past year?
XOP returned +58.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 55.6%.
What is the average annual return of XOP?
XOP has returned +16.1% a year over 5 years, +4.9% a year over 10 years, +3.3% a year since June 22, 2006 (total return, distributions reinvested).
How much would $10,000 invested in XOP be worth?
$10,000 invested in XOP at its first recorded close on June 22, 2006 would be worth about $19,379 on October 23, 2026 with distributions reinvested.
What was the worst year for XOP?
The worst calendar year was 2008, with a total return of −42.7%. The best was 2021 at +66.7%.
What is the biggest drawdown of XOP?
The largest peak-to-trough decline was −90.3% between June 23, 2014 and March 23, 2020. It has not yet recovered to that high; it is 24.4% below its peak.
How volatile is XOP?
Over the past 3 years XOP had an annualized volatility of 25.0% and a Sharpe ratio of 0.29 (excess return over 1–3 month T-bills per unit of risk).