XOP vs FANG
- 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 FANG 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 | FANGDiamondback Energy |
|---|---|---|
| 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 | +0.42%−0.88% to +1.7%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 | +5.4%+1.7% to +9.0%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 | −0.60%−2.6% to +1.4%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +3.7%+2.7% to +4.7%Clear | +3.9%+2.3% to +5.4%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.25%−1.5% to +2.0%Not distinguishable from zero | +0.93%−1.7% to +3.6%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 | +0.18%−2.1% to +2.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −2.1%−3.2% to −1.1%Clear | −2.2%−3.9% to −0.62%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.2%+0.18% to +2.2%Tentative | +0.88%−0.72% to +2.5%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.56%−1.4% to +0.31%Not distinguishable from zero | −0.70%−1.6% to +0.24%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.37%−0.22% to +1.0%Not distinguishable from zero | +0.15%−0.74% 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 | 0.00%−0.02% to +0.02%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%−1.6% to +0.32%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 | +0.59%+0.27% to +0.91%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +1.0%+0.77% to +1.2%Clear | +0.95%+0.64% to +1.3%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 | +0.07%−0.31% to +0.44%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −2.8%−4.8% to −0.88%Tentative | −3.6%−6.2% to −0.92%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 | −0.85%−1.9% to +0.17%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%−0.23% to +0.43%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 | +0.08%−0.08% to +0.23%Not distinguishable from zero |
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.