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Sunday, August 23, 2026The Morning Brief →Sign in
XOPSPDR

SPDR S&P Oil & Gas Exploration & Production ETF

$189.54+1.11% today
12319052-WK

In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index ("S&P TMI").

Price & daily flows
175.3156.4137.5189.54DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$916M OVER THIS RANGE

The desk’s read

Money is leaving — −$9M walked out over the past month, about 0.2% of the fund's asset base, while the price has returned +47.0% so far this year. At 0.35% a year it is not the cheapest way in — XLE runs the same ground at 0.09%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$3.8Bassets under management
0.35%expense ratio · $35 per $10,000 a year
−$9Mnet flow, trailing month
3.1Mavg daily volume, 30 days
51holdings · US-domiciled
2006listed June 18, 2006 · beta -0.29
The book at a glance
PBF+5.7%DK+11.6%DINO+5.0%PARR+9.1%MPC+0.7%VLO+2.2%PSX+1.2%PR-0.5%CRGY+1.8%OVV+0.2%APA-2.3%SM-1.2%COP-0.0%CLMT+1.5%XOM-0.6%CNX-0.3%EOG+0.6%EXE+0.0%CVX-0.2%OXY-0.4%FANG-0.1%CHRD-0.6%VG-0.6%AR+0.7%MTDR-0.1%DVN-0.4%RRC+1.0%NOG+1.6%TPL+3.8%EQT-0.3%MGY-0.3%VNOM+0.5%MUR-2.3%GPOR-0.5%CRC-0.3%TALO-1.6%KOS-2.0%WKC+0.1%GPRE+1.4%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1PBFPBF ENERGY2.98%$73.53+5.7%
2DKDELEK US HOLDINGS2.88%$71.47+11.6%
3DINOHF SINCLAIR2.75%$97.32+5.0%
4PARRPAR PACIFIC HOLDINGS2.71%$79.03+9.1%
5MPCMARATHON PETROLEUM2.71%$360.72+0.7%
6VLOVALERO ENERGY2.82%$348.86+2.2%
7PSXPHILLIPS 662.59%$242.87+1.2%
8PRPERMIAN RESOURCES2.60%$23.75-0.5%
9CRGYCRESCENT ENERGY2.34%$14.06+1.8%
10OVVOVINTIV2.53%$66.82+0.2%
11APAAPA2.39%$43.39-2.3%
12SMSM ENERGY2.22%$37.20-1.2%
13COPCONOCOPHILLIPS2.42%$134.87-0.0%
14CLMTCALUMET SPECIALTY PRODUCTS PARTNERS LP2.30%$49.01+1.5%
15XOMEXXON MOBIL2.53%$165.11-0.6%

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Sector weights
Energy99.02%
Energy Minerals94.89%
Miscellaneous2.98%
Process Industries1.3%
Basic Materials0.98%
Materials0.98%
Distribution Services0.58%
Other0.1%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+5.0%
1 month+7.9%
3 months+10.2%
6 months+28.0%
YTD+47.0%
1 year+47.4%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$58M
1 month−$9M
3 months+$108M
YTD+$962M
1 year+$916M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
33%realized volatility, 30 days (annualized)
29%realized volatility, 1 year
-18.7%deepest fall from a peak, 1 year
at peakwhere it sits vs. that peak today

The top holding is 3.3% of the book; the top ten carry 29%. Spread across 53+ names, it behaves like roughly 43 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
8Kcalls today
26Kputs today
3.38put/call ratio
2.9Mshares traded
Most-traded holdings, options premiumBullishBearish
CVX CHEVRON$8M$8M
COP CONOCOPHILLIPS$7M$8M
XOM EXXON MOBIL$7M$7M
TPL TEXAS PACIFIC LAND$4M$6M
VLO VALERO ENERGY$5M$4M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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