Data as of Oct 28, 2026.
XLE vs XOP: Differences, Returns & Fees
Over the year to Oct 28, 2026, XLE returned +61.2% to XOP's +62.5%; 31% of their weight is in the same names.
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Net assets on Oct 27, 2026: $45.2bn for State Street Energy Select Sector SPDR ETF and $4.6bn for State Street SPDR S&P Oil & Gas Exploration & Production ETF.
Pair scorecard
XLE costs 0.27 points a year less; their one-year returns differ by 1.3 points; XLE is 9.8 times larger.
| Measure | XLE | XOP |
|---|---|---|
| Return | ||
| Total return, 1 year | +61.2% | +62.5% |
| Drawdown | ||
| Below its high | 24.8%, high on Jun 23, 2014 | |
| Benchmark | ||
| What it tracks | Energy Select Sector Index | S&P Oil & Gas Exploration & Production Select Industry Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.35% |
| Net assets, as of Oct 27, 2026 | $45.2bn | $4.6bn |
| Holdings | ||
| Holdings in common | 31% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 78.1% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 30, 2006 to Oct 23, 2026 · 1,060 weekly returnsXLE returned more: +344.5% to +71.5%. XLE swung less: 28.0% to 37.0%. XLE fell less at its worst: −68.9% to −89.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | XLE | XOP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +344.5% | +71.5% | XLE | Price change plus distributions, reinvested. |
| Annualized | +7.6% | +2.7% | XLE | Total return as a yearly rate. |
| Price return | +144.3% | +29.3% | XLE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 28.0% | 37.0% | XLE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 20.1% | 26.4% | XLE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −68.9% | −89.6% | XLE | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.34 | 0.21 | XLE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.48 | 0.30 | XLE | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.11 | 0.03 | XLE | 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, XLE and XOP hold 31% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
31% in common
Only in one fund ↓
Side by side
XLE and XOP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
XLE and XOP are built for the same job. How do they differ in cost, holdings and results?
- What each follows. XLE follows Energy Select Sector Index and XOP follows S&P Oil & Gas Exploration & Production Select Industry Index.
- Holdings in common. 31% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. XLE charges 0.08% of assets a year and XOP 0.35%, a gap of 0.27 points.
Data as of Oct 28, 2026.
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XLE
XLE tracks an index of Energy. Over the year to Oct 28, 2026 it returned +61.2% with distributions reinvested. The prospectus expense ratio is 0.08% 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 22 positions, with the top ten at 78.1%.
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, XLE or XOP?
- In the year to Oct 28, 2026, with distributions reinvested, XLE returned +61.2% and XOP +62.5%.
- Which is cheaper, XLE or XOP?
- XLE is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, XLE against XOP, data as of Oct 28, 2026. https://etfiq.com/compare/any/xle-vs-xop
ETFIQ. (Oct 28, 2026). XLE against XOP. Retrieved from https://etfiq.com/compare/any/xle-vs-xop
[XLE against XOP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/xle-vs-xop)
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