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% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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