Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPY vs XOP: how they differ
SPY and XOP hold 3% of their weight in the same names, and XOP returned more over the year.
SPDR S&P 500 ETF Trust and State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF.
What they hold in common
By the books each fund has filed, SPY and XOP hold 3% of their money in the same securities at the same weight.
| Holding | SPY | XOP |
|---|---|---|
| EXXONMOBIL HOLDINGS CORP | 1.05% | 2.36% |
| CHEVRON CORP | 0.61% | 2.41% |
| CONOCOPHILLIPS | 0.26% | 2.46% |
| MARATHON PETROLEUM CORP | 0.17% | 3.20% |
| VALERO ENERGY CORP | 0.17% | 3.21% |
| PHILLIPS 66 | 0.16% | 3.06% |
| EOG RESOURCES INC | 0.12% | 2.26% |
| DEVON ENERGY CORP | 0.09% | 2.31% |
| OCCIDENTAL PETROLEUM CORP | 0.07% | 2.30% |
| DIAMONDBACK ENERGY INC | 0.06% | 2.24% |
| EQT CORP | 0.05% | 2.24% |
| EXPAND ENERGY CORP | 0.04% | 2.35% |
| Only in SPY | Only in XOP |
|---|---|
| NVIDIA CORP 8.08% | PBF ENERGY INC CLASS A 3.89% |
| APPLE INC 7.33% | HF SINCLAIR CORP 3.27% |
| MICROSOFT CORP 5.59% | DELEK US HOLDINGS INC 3.27% |
| AMAZON.COM INC 3.77% | PAR PACIFIC HOLDINGS INC 3.12% |
| ALPHABET INC CL A 2.98% | CALUMET INC 2.77% |
| BROADCOM INC 2.61% | CRESCENT ENERGY INC A 2.64% |
| ALPHABET INC CL C 2.39% | PERMIAN RESOURCES CORP CL A 2.58% |
| META PLATFORMS INC CLASS A 2.16% | VENTURE GLOBAL INC CL A 2.50% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| SPY SPDR S&P 500 ETF Trust | XOP State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | State Street |
| What it is | S&P 500 | SPDR S&P Oil & Gas Exploration & Production |
| Total return, 1 year | +17.5% | +52.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | 0.0 pts | +34.9 pts |
| Expense ratio | 0.09% | 0.35% |
| Holdings | 505 | 54 |
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.
XOP in plain words
XOP is a commodity fund tracking the SPDR S&P Oil & Gas Exploration & Production. Over the year to Sep 11, 2026 it returned +52.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. It sat 26.8% below its high of Jun 23, 2014 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SPY or XOP?
- In the year to Sep 13, 2026, with distributions reinvested, SPY returned +17.5% and XOP returned +52.4%, so XOP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPY or XOP?
- SPY charges 0.09% a year and XOP charges 0.35%, so SPY is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SPY against XOP, data as of Sep 13, 2026. https://etfiq.com/compare/any/spy-vs-xop Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources