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

In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and XOP +62.5%.

Which is cheaper, VO or XOP?

VO is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

VO vs XOP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VO returned +12.8% to XOP's +62.5%; 5% of their weight is in the same names.

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Net assets: $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF, and $4.6bn on Oct 27, 2026 for State Street SPDR S&P Oil & Gas Exploration & Production ETF.

VO on its own →XOP on its own →

At a glance

+12.8%

VO total return, 1 year

+62.5%

XOP total return, 1 year

0.03%

VO expense ratio

0.35%

XOP expense ratio

Pair scorecard

VO costs 0.32 points a year less; their one-year returns differ by 49.7 points; VO is far larger, $103.4bn against $3.6bn.

VO vs XOP: Differences, Returns & Fees
Measure	VO	XOP
Return
Measure	VO	XOP
Total return, 1 year	+12.8%	+62.5%
Drawdown
Measure	VO	XOP
Below its high	3.1%, high on Aug 14, 2026	24.8%, high on Jun 23, 2014
Benchmark
Measure	VO	XOP
What it tracks	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)	S&P Oil & Gas Exploration & Production Select Industry Index
Cost and size
Measure	VO	XOP
Expense ratio	0.03%	0.35%
Net assets, as of Sep 30, 2026	$103.4bn	$3.6bn
Holdings
Measure	VO	XOP
Holdings in common	5%
In the S&P 500, by weight	91%
Top ten holdings, share of the fund	9.7%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

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

VO XOP

Return

Total return edge VO +549.9% +71.5%

Annualized edge VO +9.6% +2.7%

Price return edge VO +379.1% +29.3%

Risk

Volatility edge VO 20.2% 37.0%

Max drawdown edge VO −58.4% −89.6%

Risk-adjusted

Sharpe edge VO 0.47 0.21

Sortino edge VO 0.67 0.30

Calmar edge VO 0.16 0.03

Reading

VO returned more: +549.9% to +71.5%. VO swung less: 20.2% to 37.0%. VO fell less at its worst: −58.4% to −89.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VO vs XOP: Differences, Returns & Fees
Measure	VO	XOP	Edge	How it is measured
Return
Total return	+549.9%	+71.5%	VO	Price change plus distributions, reinvested.
Annualized	+9.6%	+2.7%	VO	Total return as a yearly rate.
Price return	+379.1%	+29.3%	VO	Price change alone, distributions left out.
Risk
Volatility	20.2%	37.0%	VO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.3%	26.4%	VO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−58.4%	−89.6%	VO	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.47	0.21	VO	Return above Treasury bills per unit of volatility.
Sortino	0.67	0.30	VO	Return above Treasury bills per unit of downside deviation.
Calmar	0.16	0.03	VO	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, VO and XOP hold 5% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first VO XOP

Valero Energy Corp 1.10% 2.56%

Marathon Petroleum Corp 1.10% 2.81%

Phillips 66 1.01% 2.65%

Devon Energy Corp 0.50% 2.69%

Occidental Petroleum Corp 0.41% 2.63%

Diamondback Energy Inc 0.38% 2.60%

EQT Corp 0.15% 2.65%

Texas Pacific Land Corp 0.10% 2.27%

Venture Global Inc 0.02% 2.33%

Only in one fund ↓

Only in VO

Cloudflare Inc 1.11%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Robinhood Markets Inc 0.88%

Lumentum Holdings Inc 0.86%

Constellation Energy Corp 0.84%

Only in XOP

RANGE RESOURCES CORP 3.48%

APA CORP 2.92%

MURPHY OIL CORP 2.89%

OVINTIV INC 2.85%

EOG RESOURCES INC 2.82%

EXXONMOBIL HOLDINGS CORP 2.82%

CONOCOPHILLIPS 2.79%

PERMIAN RESOURCES CORP CL A 2.78%

Check overlap with more funds →

Side by side

VO Vanguard Morningstar Mid-Cap ETF XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF

Where it sits Stock ETF Stock ETF

Issuer Vanguard State Street

What it is Tracks an index of Mid-Cap Tracks the S&P Oil & Gas Exploration & Production

Total return, 1 year +12.8% +62.5%

Expense ratio 0.03% 0.35%

Holdings 273 52

Net assets, VO as of Sep 30, 2026 and XOP as of Oct 27, 2026 $103.4bn $4.6bn

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

Client brief · page 1 of 2 Report BR-45A6617DAA

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

What each follows. VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) and XOP follows S&P Oil & Gas Exploration & Production Select Industry Index.
Holdings in common. 5% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 VO returned +12.8% and XOP +62.5% with distributions reinvested, a gap of 49.7 points.

Data as of Oct 28, 2026.

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About each fund

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

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, VO or XOP?: In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and XOP +62.5%.
Which is cheaper, VO or XOP?: VO is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

VDE vs VO IYE vs VO VO vs XLE KRE vs VO IJH vs XOP VXF vs XOP MDY vs XOP MOAT vs XOP

Where to next

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

Sources and dates

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

XOP filings on SEC EDGAR ↗

XOP prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

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