XOP vs COP
- 0 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
On none of the 19 forces measured do XOP and COP differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | XOPSPDR S&P Oil & Gas Exploration & Production ETF | COP |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.06%−1.2% to +1.1%Not distinguishable from zero | −0.10%−1.4% to +1.2%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +4.4%+1.4% to +7.4%Tentative | +3.7%+0.40% to +6.9%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.87%−2.3% to +0.53%Not distinguishable from zero | −0.64%−2.5% to +1.2%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +3.7%+2.7% to +4.7%Clear | +3.4%+2.2% to +4.7%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.25%−1.5% to +2.0%Not distinguishable from zero | −0.52%−2.7% to +1.6%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.22%−2.0% to +1.5%Not distinguishable from zero | +0.91%−1.0% to +2.9%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −2.1%−3.2% to −1.1%Clear | −2.0%−3.4% to −0.61%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.2%+0.18% to +2.2%Tentative | +0.12%−0.93% to +1.2%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.56%−1.4% to +0.31%Not distinguishable from zero | −0.77%−1.6% to +0.10%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.37%−0.22% to +1.0%Not distinguishable from zero | +0.32%−0.34% to +1.0%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.03%0.00% to +0.05%Tentative | −0.03%−0.06% to 0.00%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.34%−1.1% to +0.41%Not distinguishable from zero | −0.64%−1.4% to +0.09%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.69%+0.43% to +1.0%Clear | +0.38%+0.10% to +0.66%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +1.0%+0.77% to +1.2%Clear | +1.0%+0.72% to +1.2%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.19%−0.40% to +0.03%Not distinguishable from zero | −0.28%−0.65% to +0.10%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −2.8%−4.8% to −0.88%Tentative | −2.8%−5.4% to −0.25%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.51%−1.3% to +0.25%Not distinguishable from zero | −0.88%−1.8% to +0.04%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.03%−0.28% to +0.34%Not distinguishable from zero | −0.10%−0.46% to +0.26%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.14%+0.03% to +0.25%Tentative | +0.17%+0.01% to +0.33%Tentative |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.