Spdr Sp Oil Etf Profile
| XOP Etf | USD 153.23 1.60 1.06% |
Performance20 of 100
| Odds Of DistressLess than 9
|
SPDR SP is selling at 153.23 as of the 20th of April 2024; that is 1.06 percent up since the beginning of the trading day. The etf's last reported lowest price was 151.18. SPDR SP has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for SPDR SP Oil are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of March 2024 and ending today, the 20th of April 2024. Click here to learn more.
In seeking to track the performance of the SP Oil Gas Exploration Production Select Industry Index, the fund employs a sampling strategy. SP Oil is traded on NYSEARCA Exchange in the United States. The company has 70.5 M outstanding shares. More on SPDR SP Oil
Moving together with SPDR Etf
| 0.99 | XLE | Energy Select Sector | PairCorr |
| 0.99 | VDE | Vanguard Energy Index | PairCorr |
| 0.96 | OIH | VanEck Oil Services | PairCorr |
| 0.99 | IYE | iShares Energy ETF | PairCorr |
| 0.98 | IXC | iShares Global Energy | PairCorr |
| 0.99 | FXN | First Trust Energy | PairCorr |
SPDR Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SPDR SP's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR SP or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President | James Ross |
| Thematic Ideas | (View all Themes) |
| Old Name | Canadian Overseas Petroleum Limited |
| Business Concentration | Energy ETFs, Sector ETFs, Equity Energy, SPDR State Street Global Advisors, Closed-End Fund - Equity, Financial (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2006-06-19 |
| Benchmark | S&P Oil & Gas Exploration & Production Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 4.25 Billion |
| Average Trading Valume | 3.44 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SSgA Funds Management, Inc. |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Portfolio Manager | Michael Feehily, Karl Schneider, Olga Winner |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 55.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.35 |
| Management Fee | 0.35 |
| Country Name | USA |
| Returns Y T D | 11.32 |
| Name | SPDR SP Oil Gas Exploration Production ETF |
| Currency Code | USD |
| Open Figi | BBG000BGB482 |
| In Threey Volatility | 34.3 |
| 1y Volatility | 21.54 |
| 200 Day M A | 142.06 |
| 50 Day M A | 146.72 |
| Code | XOP |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
SPDR SP Oil [XOP] is traded in USA and was established 2006-06-19. The fund is classified under Equity Energy category within SPDR State Street Global Advisors family. The entity is thematically classified as Energy ETFs. SPDR SP Oil at this time have 3.89 B in net assets. , while the total return for the last 3 years was 28.0%.
Check SPDR SP Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR SP Oil Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top SPDR SP Oil Etf Constituents
| FANG | Diamondback Energy | Stock | Energy |
| SM | SM Energy Co | Stock | Energy |
| APA | APA Corporation | Stock | Energy |
| EQT | EQT Corporation | Stock | Energy |
| GPOR | Gulfport Energy Operating | Stock | Energy |
| PSX | Phillips 66 | Stock | Energy |
| PBF | PBF Energy | Stock | Energy |
SPDR SP Target Price Odds Analysis
In regard to a normal probability distribution, the odds of SPDR SP jumping above the current price in 90 days from now is about 16.91%. The SPDR SP Oil probability density function shows the probability of SPDR SP etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon SPDR SP has a beta of 0.3159. This entails as returns on the market go up, SPDR SP average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR SP Oil will be expected to be much smaller as well. Additionally, sPDR SP Oil has an alpha of 0.2508, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of SPDR SP to move above the current price in 90 days from now is about 16.91 (This SPDR SP Oil probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .
SPDR SP Top Holders
| MWFCX | Mainstay Equity Etf | Mutual Fund | Allocation--85%+ Equity |
| MWFQX | Mainstay Equity Etf | Mutual Fund | Allocation--85%+ Equity |
| MWFVX | Mainstay Equity Etf | Mutual Fund | Allocation--85%+ Equity |
| NAVCX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
| NAVAX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
| NAVIX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
| MWFAX | Mainstay Equity Etf | Mutual Fund | Allocation--85%+ Equity |
SPDR SP Oil Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR SP market risk premium is the additional return an investor will receive from holding SPDR SP long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR SP. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SPDR SP's alpha and beta are two of the key measurements used to evaluate SPDR SP's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1649 | |||
| Jensen Alpha | 0.2508 | |||
| Total Risk Alpha | 0.1409 | |||
| Sortino Ratio | 0.181 |
SPDR SP Against Markets
Picking the right benchmark for SPDR SP etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SPDR SP etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SPDR SP is critical whether you are bullish or bearish towards SPDR SP Oil at a given time. Please also check how SPDR SP's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPDR SP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy SPDR Etf?
Before investing in SPDR SP, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SPDR SP. To buy SPDR SP etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR SP. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SPDR SP etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SPDR SP Oil etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SPDR SP Oil etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as SPDR SP Oil, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SPDR Etf please use our How to Invest in SPDR SP guide.
Already Invested in SPDR SP Oil?
The danger of trading SPDR SP Oil is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPDR SP is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPDR SP. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR SP Oil is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SPDR SP Oil is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SPDR Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spdr Sp Oil Etf. Highlighted below are key reports to facilitate an investment decision about Spdr Sp Oil Etf: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR SP Oil. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of SPDR SP Oil is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR SP's market value can be influenced by many factors that don't directly affect SPDR SP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.