Overview
Equal-weighted oil and gas producers — the drillers themselves, where crude's price moves get amplified instead of smoothed.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| AR | Antero Resources | 3.2% |
| RRC | Range Resources | 3.0% |
| EQT | EQT Corp. | 2.9% |
| SM | SM Energy | 2.8% |
| CNX | CNX Resources | 2.7% |
| OXY | Occidental Petroleum | 2.6% |
| DVN | Devon Energy | 2.5% |
| COP | ConocoPhillips | 2.4% |
| APA | APA Corp. | 2.4% |
| MTDR | Matador Resources | 2.3% |
Fund Details
Investment Thesis
With crude above $100, the pure producers are printing money — and XOP's equal weighting means the mid-cap shale names, not just Exxon, drive the ride: +46% over the trailing year, roughly double the integrated majors. This is the highest-beta mainstream way to own the oil price; the same design doubled the pain in every crude bust since 2014.
Who It's For
Traders and tactical investors expressing a direct oil-price view through equities. The amplified alternative to XLE/VDE — size it accordingly.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $125.30 | -- |
| 2017 | $107.76 | -14.0% |
| 2018 | $77.59 | -28.0% |
| 2019 | $69.05 | -11.0% |
| 2020 | $43.50 | -37.0% |
| 2021 | $72.65 | +67.0% |
| 2022 | $104.62 | +44.0% |
| 2023 | $102.52 | -2.0% |
| 2024 | $105.60 | +3.0% |
| 2025 | $132.00 | +25.0% |
| Year | Yield |
|---|---|
| 2016 | 0.80% |
| 2017 | 0.90% |
| 2018 | 1.20% |
| 2019 | 1.60% |
| 2020 | 1.80% |
| 2021 | 1.10% |
| 2022 | 1.50% |
| 2023 | 2.00% |
| 2024 | 1.90% |
| 2025 | 1.80% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2.5B | -- |
| 2017 | $2.5B | +0.0% |
| 2018 | $2.5B | +0.0% |
| 2019 | $2B | -20.0% |
| 2020 | $2.2B | +10.0% |
| 2021 | $3.5B | +59.1% |
| 2022 | $4.5B | +28.6% |
| 2023 | $3.5B | -22.2% |
| 2024 | $3B | -14.3% |
| 2025 | $3.8B | +26.7% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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