XLE vs XOP: Complete Comparison
Energy Select Sector SPDR Fund vs SPDR S&P Oil & Gas Exploration ETF โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: XLE and XOP are very similar. Choose based on your broker's commission structure or personal preference.
Detailed Overlap Analysis
15 shared holdings representing 31.8% portfolio overlap
Top Shared Holdings
| # | Stock | XLE Weight | XOP Weight | Overlap |
|---|---|---|---|---|
| 1 | VLO VLO | 3.74% | 2.89% | 2.89% |
| 2 | MPC MPC | 3.98% | 2.75% | 2.75% |
| 3 | PSX PSX | 3.88% | 2.69% | 2.69% |
| 4 | XOM XOM | 23.35% | 2.68% | 2.68% |
| 5 | EQT EQT | 2.51% | 2.92% | 2.51% |
| 6 | CVX CVX | 16.91% | 2.48% | 2.48% |
| 7 | COP COP | 6.90% | 2.42% | 2.42% |
| 8 | EOG EOG | 3.95% | 2.31% | 2.31% |
| 9 | OXY OXY | 2.05% | 2.36% | 2.05% |
| 10 | FANG FANG | 2.04% | 2.77% | 2.04% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in XLE
Unique to XLE
| Symbol | Name | Weight |
|---|---|---|
| WMB | WMB | 4.55% |
| SLB | SLB | 3.92% |
| KMI | KMI | 3.66% |
| OKE | OKE | 3.24% |
| BKR | BKR | 3.23% |
Top Holdings Only in XOP
Unique to XOP
| Symbol | Name | Weight |
|---|---|---|
| CNX | CNX | 3.37% |
| MUR | MUR | 3.15% |
| GPOR | GPOR | 3.00% |
| RRC | RRC | 2.86% |
| AR | AR | 2.73% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.
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