SPDR Oil & Gas Exploration and Production ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$140.39
- Net Assets:$0 Million
- NAV:$142.32
- Premium-1.36%
- Peer Rank:36 of 397
- Investment Rating:A
- Performance:B+
- RiskB-
We rate SPDR S&P Oil and Gas Expl and Prod at A. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks very high in comparison with peers over the last three years. The SPDR S&P Oil and Gas Expl and Prod has returned an annual rate of 1.29% since inception. More recently, the fund has generated a total return of 7.04% in the last five years, 18.80% in the last three years, and 3.63% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 58% of them. It has also outpaced 97% of its competitors on a three year basis and 22% of them over the last year for the period ending 2/29/2024. On a year to date basis, XOP has returned 3.92%.
Downside risk has been below average. XOP has a draw down risk of -23.63%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 34.9%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As XOP is an exchange traded fund, it has no front end or back end load.
The SPDR S&P Oil and Gas Expl and Prod is managed by Karl A. Schneider at SSgA Funds Management Inc. This fund is one of 128 SSgA Funds Management Inc exchange-traded funds launched since 1/22/1993 that we track.