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SPDR S&P Oil & Gas Exploration & Production (XOP)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.35 % · ISIN US78468R5569
Price history (since 2006)
Monthly close since 2006. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| PBF Energy Inc PBF | 3.0 % | n/a | n/a |
| Marathon Petroleum Corp MPC | 3.0 % | −77.0 % | 61 |
| Valero Energy Corporation VLO | 2.9 % | −71.2 % | 68 |
| HF Sinclair Corp DINO | 2.9 % | −58.7 % | 63 |
| Par Pacific Holdings Inc PARR | 2.9 % | −29.3 % | 64 |
| Phillips 66 PSX | 2.8 % | −70.4 % | 62 |
| Delek US Energy Inc DK | 2.7 % | −17.7 % | 48 |
| Exxon Mobil Corp XOM | 2.7 % | −48.1 % | 58 |
| APA Corporation APA | 2.7 % | +19.4 % | 50 |
| Murphy Oil Corporation MUR | 2.7 % | −14.1 % | 51 |
| EOG Resources Inc EOG | 2.7 % | +7.7 % | 64 |
| Devon Energy Corporation DVN | 2.7 % | −10.1 % | 42 |
| Chevron Corp CVX | 2.7 % | −57.7 % | 50 |
| EQT Corporation EQT | 2.6 % | +7.0 % | 52 |
| Range Resources Corp RRC | 2.6 % | +17.1 % | 71 |
| Crescent Energy Co CRGY | 2.6 % | −7.1 % | 30 |
| Ovintiv Inc OVV | 2.6 % | −15.9 % | 40 |
| Occidental Petroleum Corporation OXY | 2.6 % | −46.2 % | 50 |
| Texas Pacific Land Corporation TPL | 2.6 % | −14.1 % | 65 |
| ConocoPhillips COP | 2.6 % | −35.1 % | 66 |
| Permian Resources Corporation YZ8 | 2.6 % | n/a | n/a |
| SM Energy Co SM | 2.5 % | +2.6 % | 39 |
| Chord Energy Corp CHRD | 2.5 % | +46.2 % | 32 |
| Viper Energy Ut VNOM | 2.5 % | −15.7 % | 18 |
| Chesapeake Energy Corporation CHK | 2.5 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about XOP
Is XOP overvalued?
What is the fair value of XOP?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of XOP?
What is the expense ratio of XOP?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives SPDR® S&P Oil & Gas Exploration & Production ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.