Which returned more over the last year, SPY or XOP?

In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and XOP +62.5%.

Which is cheaper, SPY or XOP?

SPY is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SPY vs XOP: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, SPY returned +13.6% to XOP's +62.5%; 3% of their weight is in the same names.

askIQ about this page

askIQ about SPY and XOP

Net assets on Oct 27, 2026: $814.8bn for SPDR S&P 500 ETF Trust and $4.6bn for State Street SPDR S&P Oil & Gas Exploration & Production ETF.

SPY on its own →XOP on its own →

At a glance

+13.6%

SPY total return, 1 year

+62.5%

XOP total return, 1 year

0.09%

SPY expense ratio

0.35%

XOP expense ratio

Pair scorecard

SPY costs 0.26 points a year less; their one-year returns differ by 48.9 points; SPY is far larger, $814.8bn against $4.6bn.

SPY vs XOP: Differences, Returns & Fees
Measure	SPY	XOP
Return
Measure	SPY	XOP
Total return, 1 year	+13.6%	+62.5%
Drawdown
Measure	SPY	XOP
Below its high		24.8%, high on Jun 23, 2014
Benchmark
Measure	SPY	XOP
What it tracks	S&P 500 Index	S&P Oil & Gas Exploration & Production Select Industry Index
Cost and size
Measure	SPY	XOP
Expense ratio	0.09%	0.35%
Net assets, as of Oct 27, 2026	$814.8bn	$4.6bn
Holdings
Measure	SPY	XOP
Holdings in common	3%
In the S&P 500, by weight	100%
Top ten holdings, share of the fund	38.1%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jun 30, 2006 to Oct 23, 2026 · 1,060 weekly returns

SPY XOP

Return

Total return edge SPY +765.0% +71.5%

Annualized edge SPY +11.2% +2.7%

Price return edge SPY +497.1% +29.3%

Risk

Volatility edge SPY 17.9% 37.0%

Max drawdown edge SPY −54.6% −89.6%

Risk-adjusted

Sharpe edge SPY 0.59 0.21

Sortino edge SPY 0.83 0.30

Calmar edge SPY 0.20 0.03

Reading

SPY returned more: +765.0% to +71.5%. SPY swung less: 17.9% to 37.0%. SPY fell less at its worst: −54.6% to −89.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SPY vs XOP: Differences, Returns & Fees
Measure	SPY	XOP	Edge	How it is measured
Return
Total return	+765.0%	+71.5%	SPY	Price change plus distributions, reinvested.
Annualized	+11.2%	+2.7%	SPY	Total return as a yearly rate.
Price return	+497.1%	+29.3%	SPY	Price change alone, distributions left out.
Risk
Volatility	17.9%	37.0%	SPY	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.6%	26.4%	SPY	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−54.6%	−89.6%	SPY	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.59	0.21	SPY	Return above Treasury bills per unit of volatility.
Sortino	0.83	0.30	SPY	Return above Treasury bills per unit of downside deviation.
Calmar	0.20	0.03	SPY	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,060 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, SPY and XOP hold 3% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first SPY XOP

EXXONMOBIL HOLDINGS CORP 1.11% 2.82%

CHEVRON CORP 0.68% 2.75%

CONOCOPHILLIPS 0.27% 2.79%

MARATHON PETROLEUM CORP 0.18% 2.81%

VALERO ENERGY CORP 0.17% 2.56%

PHILLIPS 66 0.16% 2.65%

EOG RESOURCES INC 0.13% 2.82%

DEVON ENERGY CORP 0.08% 2.69%

OCCIDENTAL PETROLEUM CORP 0.07% 2.63%

DIAMONDBACK ENERGY INC 0.06% 2.60%

EQT CORP 0.05% 2.65%

EXPAND ENERGY CORP 0.03% 2.52%

Only in one fund ↓

Only in SPY

NVIDIA CORP 7.92%

APPLE INC 7.61%

MICROSOFT CORP 5.93%

AMAZON.COM INC 3.73%

ALPHABET INC CL A 2.83%

BROADCOM INC 2.45%

ALPHABET INC CL C 2.26%

META PLATFORMS INC CLASS A 2.06%

Only in XOP

RANGE RESOURCES CORP 3.48%

MURPHY OIL CORP 2.89%

OVINTIV INC 2.85%

PERMIAN RESOURCES CORP CL A 2.78%

ANTERO RESOURCES CORP 2.77%

HF SINCLAIR CORP 2.72%

SM ENERGY CO 2.65%

VIPER ENERGY INC CL A 2.64%

Check overlap with more funds →

Side by side

SPY SPDR S&P 500 ETF Trust XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF

Where it sits Stock ETF Stock ETF

Issuer State Street State Street

What it is Tracks the S&P 500 Tracks the S&P Oil & Gas Exploration & Production

Total return, 1 year +13.6% +62.5%

Its benchmark over the same days +13.7% (VOO) not measured

Gap to its benchmark −0.1 pts vs VOO not measured

Expense ratio 0.09% 0.35%

Holdings 504 52

Net assets, as of Oct 27, 2026 $814.8bn $4.6bn

SPY and XOP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-D2E5406A76

SPY and XOP do different jobs. What does each one do in a portfolio?

What each follows. SPY follows S&P 500 Index and XOP follows S&P Oil & Gas Exploration & Production Select Industry Index.
Holdings in common. 3% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 SPY returned +13.6% and XOP +62.5% with distributions reinvested, a gap of 48.9 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

SPY

SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.

XOP

XOP tracks the S&P Oil & Gas Exploration & Production. Over the year to Oct 28, 2026 it returned +62.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. It sat 24.8% below its high of Jun 23, 2014 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SPY or XOP?: In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and XOP +62.5%.
Which is cheaper, SPY or XOP?: SPY is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

SPY vs VDE IYE vs SPY SPY vs XLE SPY vs VOX IVV vs XOP VTI vs XOP VOO vs XOP SPYM vs XOP

Where to next

SPY on its own →XOP on its own →Hold both: look the portfolio through →Rankings →SPY dividend history →SPY holdings →XOP dividend history →XOP holdings →Standards and sources →

Sources and dates

SPY filings on SEC EDGAR ↗

State Street website ↗

XOP filings on SEC EDGAR ↗

XOP prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SPY against XOP, data as of Oct 28, 2026. https://etfiq.com/compare/any/spy-vs-xop

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.