What is XOP and what does it track?

State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is an exchange-traded fund (ETF) providing diversified exposure to a basket of securities. ETFs trade on major stock exchanges like individual stocks, combining diversification with intraday flexibility.

How large is XOP in terms of assets under management?

XOP currently manages approximately $2.69B in assets. Larger funds typically benefit from higher liquidity and tighter bid-ask spreads, reducing trading costs.

Does XOP pay distributions or dividends?

XOP currently has a distribution yield of 2.00%. ETF distributions are typically paid monthly or quarterly and are passed through from income generated by the underlying holdings.

What are the costs of holding XOP?

XOP has an annual expense ratio (TER) of 0.35%. This fee is deducted directly from the fund's assets. Lower expense ratios are generally preferable, as costs compound over time. The portfolio turnover rate is 33%, reflecting how frequently holdings are replaced within a year.

What does the momentum analysis show for XOP?

The momentum analysis tracks the daily rate of change of XOP's smoothed price average. A consistently positive and rising value indicates the ETF's trend is gaining strength. A declining or negative value suggests the trend is weakening.

How often is the XOP data updated?

All data on this page is updated once per trading day after the US market closes, using official end-of-day prices.

XOP – State Street SPDR S&P Oil & Gas Exploration & Production ETF

ETF

Equity Energy | Inception: 2006-06-19

Quick Stats

Trend Signal

$189.54

Last Close

Official EOD price – basis for all calculations

▲ Long

Swing Trend

Moving average structure confirms uptrend – bulls in control

+25.65%

Signal Edge

Strong positive edge across 3 signals – signal has a clear statistical advantage

39.9

Trend Strength (ADX)

Strong trend – directional signals reliable

Options Signals

21%

IV-Rank (52w)

IV in normal range – no clear vol edge

57% / 43%

Call / Put Flow

Neutral flow – call and put activity roughly balanced

Last Trendchange Signal

17.07.26

Date

Signal entry date

$170.18

Entry Price

Closing price at signal date

23d

Days Held

Trading days since signal

+2.76%

+10d

Return after 10 trading days

+5.28%

+20d

Return after 20 trading days

+11.38%

+30d

Return after 30 trading days

–

+60d

Not yet reached

Trend Overview

Trend Building – Constructive Composite Score: +4 / 7

XOP is trending in a positive direction but the setup is not yet fully developed. Momentum has been running for 8 days and is still gaining strength – the trend is building. The overall configuration is constructive but not yet at peak alignment.

What to watch

The trend deserves respect but not blind confidence. Position sizing should reflect the incomplete alignment. A further improvement in momentum strength and ADX would raise conviction.

XOP Price Chart

Technical Trend Analysis

As of 21.08.2026 · Close: $189.54 · ATR14: $2.27

Trend Building – Constructive Composite Score: +4 / 7

What to watch

The trend deserves respect but not blind confidence. Position sizing should reflect the incomplete alignment. A further improvement in momentum strength and ADX would raise conviction.

Indicator	Signal	Detail
Swing Trend	▲ Long	Primary directional bias
Momentum	▲ Up · 8d	Strength: 0.84 – Rising
Trend Strength (ADX)	39.9 – Strong	ADX38: 37.8
Volatility (HV30)	29.5% – Calm	HV90: 31.8% \| HV180: 30.4%
Vola Compression	None	Normal range
MA Structure	Golden Cross ✓	Stack: Mostly aligned (2/3)
EMA21 Distance	5.16 ATR ↑	EMA21: $175.60
GD200 Extension	9.6 ATR – Extended	GD20: 3.3 \| GD50: 5.9 \| GD100: 5.4

🚀 Momentum Accelerating

Upward momentum active for 8 days and still gaining strength (current: 0.84). Trend is building, not fading.

💪 Trend Strength – ADX14: 39.9 (Strong)

A strong and well-defined trend. ADX38: 37.8. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 29.5% | HV90: 31.8% | HV180: 30.4%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $167.34 above GD200 $155.54 by 7.59%. Long-term structure is bullish. MA stack: Mostly aligned (2/3).

📈 EMA21 – Trend Accelerating

Price is pulling away from the EMA21 ($175.60) with 5.16 ATR distance and growing.

📏 Extended Move

9.6 ATR from the 200-day SMA. The trend may be maturing. Disciplined stop management becomes increasingly important.

📐 Key Price Levels & ATR Distance

GD20: $176.46 (3.3 ATR) | GD50: $167.34 (5.9 ATR) | GD100: $168.86 (5.4 ATR) | GD200: $155.54 (9.6 ATR). ATR14: $2.27.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-8.53	-0.29	1.27	3.12	-10.21	-0.99	5.35	-7.78	6.24	2.65	8.50	6.93	22.81
2011	6.48	7.64	8.07	-1.58	-2.78	-0.10	4.27	-14.00	-18.84	34.66	6.14	-3.62	-0.09
2012	-0.13	8.68	-5.52	-2.56	-15.90	11.10	1.20	2.78	5.92	-4.29	-2.44	3.31	0.14
2013	5.12	-1.21	4.79	-4.10	7.64	-4.19	6.36	-3.31	5.28	3.60	-1.99	1.16	25.15
2014	-2.02	8.82	3.66	7.43	0.35	8.23	-8.27	7.17	-11.08	-8.93	-14.27	-4.07	-27.93
2015	-4.49	3.95	3.78	9.80	-9.53	-4.76	-15.12	2.94	-8.80	11.34	-2.27	-18.87	-36.43
2016	-6.19	-10.61	20.77	19.74	0.14	-2.85	-3.25	12.30	5.14	-8.28	18.28	-1.32	37.62
2017	-4.59	-4.83	-3.54	-6.27	-6.65	-3.07	-0.28	-6.57	11.61	-0.03	1.20	2.25	-10.74
2018	-3.43	-10.87	5.66	15.71	7.78	2.34	1.85	0.00	3.57	-17.54	-10.80	-21.47	-30.05
2019	T 11.90	-3.00	1.34	-0.71	-14.49	5.78	-7.98	-8.10	T 6.04	-1.99	T -6.82	T 16.86	-11.96
2020	-19.02	-18.33	-45.85	T 75.15	3.74	-1.72	1.40	T -0.92	-17.32	-0.22	T 28.23	9.30	-36.29
2021	8.95	22.72	-1.32	-6.27	T 7.40	2.35	-16.35	1.85	T 18.38	7.18	-11.12	3.03	65.23
2022	T 6.16	5.23	13.26	-4.82	T 17.14	-24.73	13.32	T 7.97	-9.59	T 13.95	-0.70	-8.22	38.78
2023	T 9.90	-3.43	-5.41	T -5.06	-6.44	T 8.29	10.87	4.29	-2.91	T 1.57	-4.79	T -1.57	15.22
2024	-3.57	T 6.20	8.89	-2.93	2.65	-1.46	0.36	-1.73	-2.14	T -2.24	T 12.48	-7.97	-4.04
2025	T -0.49	-2.24	T 5.73	-16.41	T 6.08	3.86	1.00	T 7.53	-1.76	-5.70	T 4.98	-6.53	-6.35
2026	T 8.75	13.23	13.96	1.92	T -7.18	-8.11	T 15.38	8.76					46.98

T A T badge marks a Trendchange signal in that month. Hover for entry price.

Trendchange Signal History

The last 10 Trendchange signals for XOP:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
17.07.26	$170.18	23d	+2.76%	+5.28%	+11.38%	+0%
04.05.26	$181.01	6d	-6.45%	-8.24%	-8.24%	+2.4%
21.01.26	$134.63	59d	+3.83%	+9.97%	+19.42%	+23.38%
13.11.25	$131.92	29d	-0.18%	+0.83%	-0.14%	+13.37%
27.08.25	$131.40	23d	+0.28%	+2.95%	+1.92%	+0.25%
13.05.25	$127.35	17d	-3.61%	-0.98%	-0.95%	+5.16%
27.03.25	$131.82	9d	+1.46%	+1.46%	+1.46%	+0%
14.01.25	$142.89	12d	-3.9%	-2.53%	-5.65%	-6.4%
08.11.24	$140.03	27d	+4.91%	-0.44%	-0.44%	-1.28%
03.10.24	$139.81	10d	-3.82%	-2.95%	+1.09%	+0%

Signal Statistics – Historical Edge

Calculated edge for XOP: 25.65%

Range	N	10d	20d	30d	60d	Signal
10-15%	3	+11.63%	+12.2%	+12.89%	+37.38%	Hold
7-10%	2	+7.86%	+11.35%	+21.64%	+4.49%	Close
5-7%	3	+6.08%	+5.43%	+7.75%	+20.81%	Hold
3-5%	6	+4.43%	+6.37%	+8.97%	+7.28%	Close
1-3%	5	+1.83%	+4.14%	+6.86%	+0.08%	Close
0-1%	3	+0.35%	+0.65%	+0.31%	+0.66%	Close
-1-0%	2	-0.42%	+6.05%	+2.44%	+21.05%	Neg
-3-1%	6	-1.99%	+1.5%	+1.67%	-2.75%	Neg
-5-3%	8	-3.94%	-2.2%	-1.72%	-1.79%	Neg
-7-5%	2	-6.43%	-7.32%	-7.32%	+5.44%	Neg

Exit Rules: Stoploss: -10% | Close if below 5% after 10 days

Signal data as of August 21, 2026

LOW ALERT ● Neutral Strength: 2.8

Options Metrics

IV-Rank (52w)

21%

IV is in its normal historical range – no structural vol edge in either direction.

Call / Put Flow

57% / 43%

Call and put premium are roughly balanced. No clear directional bias from options flow.

GEX (Mio.)

1,429,903.2

Positive GEX: market makers are long gamma. They buy dips and sell rallies, which suppresses volatility and keeps price in a range.

GEX Flip Strike

$185.00 · 2.4%

The GEX flip strike is the price level where dealer gamma exposure shifts from positive to negative. A break through this level often accelerates the move.

Max Pain

$185.00 · 2.4%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$189.54

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

XOP GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

View full options flow data and historical signals on the Options Flow Analysis Overview →

About State Street SPDR S&P Oil & Gas Exploration & Production ETF

In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index ("S&P TMI").

Fund Overview

Metric	Value
Assets under Management	$2.69 B
Expense Ratio	0.35%
Dividend Yield	2.00%
Portfolio Turnover	33%
YTD Return	2,173.78%
3-Year Return	18.50%
5-Year Return	20.15%

Sector Allocation

Sector	Weight
Energy	99.3%

Top 10 Holdings

Symbol	Company	Weight
VG	VENTURE GLOBAL INC ORDINARY SHARES CLASS A	4.48%
TPL	TEXAS PACIFIC LAND CORP	3.73%
OXY	OCCIDENTAL PETROLEUM CORP	2.9%
PBF	PBF ENERGY INC CLASS A	2.87%
APA	APA CORP	2.85%
CRC	CALIFORNIA RESOURCES CORP ORDINARY SHARES NEW	2.82%
VLO	VALERO ENERGY CORP	2.81%
OVV	OVINTIV INC	2.79%
XOM	EXXON MOBIL CORP	2.78%
CVX	CHEVRON CORP	2.74%

Frequently Asked Questions – State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.