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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 | 3.8 % | n/a | n/a |
| Delek US Energy Inc DK | 3.3 % | −8.4 % | 48 |
| HF Sinclair Corp DINO | 3.2 % | −57.6 % | 63 |
| Marathon Petroleum Corp MPC | 3.1 % | −65.6 % | 61 |
| Valero Energy Corporation VLO | 3.1 % | −65.2 % | 66 |
| Par Pacific Holdings Inc PARR | 3.1 % | +28.7 % | 63 |
| Phillips 66 PSX | 3.0 % | −61.2 % | 61 |
| Permian Resources Corporation YZ8 | 2.6 % | n/a | n/a |
| Crescent Energy Co CRGY | 2.6 % | −35.7 % | 26 |
| Calumet Specialty Products Partners CLMT | 2.5 % | −90.3 % | 40 |
| APA Corporation APA | 2.5 % | +27.1 % | 49 |
| Ovintiv Inc OVV | 2.5 % | −24.8 % | 49 |
| SM Energy Co SM | 2.5 % | −6.1 % | 49 |
| Chesapeake Energy Corporation CHK | 2.5 % | n/a | n/a |
| ConocoPhillips COP | 2.4 % | −34.3 % | 58 |
| Venture Global, Inc. VG | 2.4 % | −5.0 % | 36 |
| CNX Resources Corp CNX | 2.4 % | +7.6 % | 63 |
| Chevron Corp CVX | 2.4 % | −57.2 % | 54 |
| Antero Resources Corp AR | 2.4 % | −41.3 % | 73 |
| Exxon Mobil Corp XOM | 2.4 % | −45.8 % | 56 |
| Chord Energy Corp CHRD | 2.4 % | −79.7 % | 18 |
| Matador Resources Company MTDR | 2.3 % | +38.1 % | 48 |
| Range Resources Corp RRC | 2.3 % | −39.8 % | 71 |
| Occidental Petroleum Corporation OXY | 2.3 % | −50.6 % | 48 |
| Devon Energy Corporation DVN | 2.3 % | −44.8 % | 54 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 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 +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % 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: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.