Tax-loss harvesting alternatives for XOP

The closest fund alternative to XOP (Oil & Gas E&P) is IEO (iShares US Oil & Gas E&P ETF), with a return correlation of 0.98 over the past year. Among single names in the fund's slice of the market, CHRD (Chord Energy) tracks it most closely at 0.90 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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ETFS

Fund stand-ins

Funds covering similar ground. Two funds tracking the same index may themselves be 'substantially identical' for wash-sale purposes.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
IEO	iShares US Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.98	0.98	0.98	0.97
VDE	Vanguard Energy ETF	Energy Sector	SECTOR	0.92	0.94	0.95	0.93
FENY	Fidelity MSCI Energy ETF	Energy Sector	SECTOR	0.92	0.94	0.95	0.93
IYE	iShares US Energy ETF	Energy Sector	SECTOR	0.91	0.93	0.94	0.92
XLE	Energy Select Sector SPDR	Energy Sector	SECTOR	0.90	0.93	0.93	0.91
CRAK	VanEck Oil Refiners ETF	Oil Refiners	SUB-IND	0.68	0.70	0.75	0.72
OIH	VanEck Oil Services ETF	Oil Services	SUB-IND	0.61	0.80	0.85	0.88
AMLP	Alerian MLP ETF	Energy Infrastructure	INDUSTRY	0.61	0.65	0.74	0.75
IEZ	iShares US Oil Equipment & Services	Oil Services	SUB-IND	0.58	0.78	0.84	0.88
IVV	iShares Core S&P 500	S&P 500	BROAD	-0.14	0.35	0.43	0.53
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	-0.14	0.36	0.44	0.53
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	-0.14	0.35	0.43	0.53

STOCKS

Single-name peers

Single names inside the fund's slice of the market.

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
CHRD	Chord Energy	Oil & Gas Exploration & Production	0.90	0.90	0.87	-0.00
DVN	Devon Energy	Oil & Gas Exploration & Production	0.87	0.89	0.88	0.88
APA	APA Corporation	Oil & Gas Exploration & Production	0.86	0.86	0.88	0.84
EOG	EOG Resources	Oil & Gas Exploration & Production	0.86	0.85	0.87	0.87
COP	ConocoPhillips	Oil & Gas Exploration & Production	0.84	0.85	0.86	0.84
FANG	Diamondback Energy	Oil & Gas Exploration & Production	0.83	0.86	0.88	0.86
CRGY	Crescent Energy Company	Oil & Gas Exploration & Production	0.83	0.83	0.81	—
CRC	California Resources Corporation	Oil & Gas Exploration & Production	0.74	0.74	0.75	—
AR	Antero Resources	Oil & Gas Exploration & Production	0.71	0.70	0.74	0.67
CRK	Comstock Resources, Inc.	Oil & Gas Exploration & Production	0.60	0.59	0.66	0.54
CNX	CNX Resources	Oil & Gas Exploration & Production	0.55	0.55	0.65	0.55
GPOR	Gulfport Energy Corporation	Oil & Gas Exploration & Production	0.55	0.63	0.66	—
EXE	Expand Energy	Oil & Gas Exploration & Production	0.53	0.58	0.67	—
EQT	EQT Corporation	Oil & Gas Exploration & Production	0.52	0.56	0.65	0.54

NEXT STEPS

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Replacement research for XOP's peers

CHRD DVN APA EOG COP FANG CRGY CRC AR CRK CNX GPOR EXE EQT

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.