BTC vs XOP

Comparison between Grayscale Bitcoin Mini Trust ETF (BTC, ETF) and SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF (XOP, ETF).

BTC vs XOP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTC(ETF)	XOP(ETF)
Net Assets	$3.50B	$3.50B
Expense Ratio	0.15%	0.35%
Max Drawdown	49.34%	90.96%
Sharpe Ratio	-0.29	1.45
5Y Beta	1.30	0.80
P/E Ratio	N/A	33.98
Forward P/E	N/A	11.62
PEG Ratio	N/A	-0.13
5Y Dividends CAGR	N/A	18.35%
Debt to Equity	N/A	73.66%
P/S Ratio	N/A	0.79
P/B Ratio	N/A	1.83

Net Assets

BTC

$3.50B

XOP

$3.50B

Expense Ratio

Winner

BTC

0.15%

XOP

0.35%

Max Drawdown

Winner

BTC

49.34%

XOP

90.96%

Sharpe Ratio

BTC

-0.29

Winner

XOP

1.45

5Y Beta

BTC

1.30

Winner

XOP

0.80

P/E Ratio

BTC

N/A

XOP

33.98

Forward P/E

BTC

N/A

XOP

11.62

PEG Ratio

BTC

N/A

XOP

-0.13

5Y Dividends CAGR

BTC

N/A

XOP

18.35%

Debt to Equity

BTC

N/A

XOP

73.66%

P/S Ratio

BTC

N/A

XOP

0.79

P/B Ratio

BTC

N/A

XOP

1.83

BTC vs XOP - Historical Returns

Returns include dividend reinvestment.

Period	BTC	XOP
1 month	+12.42%	-3.80%
3 months	+13.25%	+13.20%
6 months	-22.81%	+29.00%
1 year	-20.98%	+44.57%
5 years(CAGR)	N/A	+16.49%
10 years(CAGR)	N/A	+4.35%
Max(CAGR)	+12.17%	+2.31%

Winner

BTC

+12.42%

XOP

-3.80%

Winner

BTC

+13.25%

XOP

+13.20%

BTC

-22.81%

Winner

XOP

+29.00%

BTC

-20.98%

Winner

XOP

+44.57%

5Y(CAGR)

BTC

N/A

XOP

+16.49%

10Y(CAGR)

BTC

N/A

XOP

+4.35%

Max(CAGR)

Winner

BTC

+12.17%

XOP

+2.31%

BTC vs XOP - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	BTC	XOP
2026	-10.74%	+28.59%
2025	-10.26%	-3.93%
2024	+44.64%	-1.78%
2023	N/A	+9.68%
2022	N/A	+38.75%
2021	N/A	+65.27%
2020	N/A	-36.21%
2019	N/A	-11.96%
2018	N/A	-30.05%
2017	N/A	-10.74%
2016	N/A	+37.60%
2015	N/A	-36.41%
2014	N/A	-27.94%
2013	N/A	+25.14%
2012	N/A	+0.14%
2011	N/A	-0.10%
2010	N/A	+22.81%
2009	N/A	+31.81%
2008	N/A	-43.66%
2007	N/A	+42.25%
2006	N/A	+10.70%

BTC vs XOP Drawdown Comparison

The maximum drawdown for BTC was -49.34%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for XOP was -90.26%, occurring on Mar 23, 2020. This drawdown has not yet recovered.

The current BTC drawdown is -36.17%. The current XOP drawdown is -38.55%.

Rank	BTC	XOP
#1	-49.34% Oct 6, 2025 - Feb 5, 2026	-90.26% Jun 23, 2014 - Mar 23, 2020
#2	-28.14% Dec 17, 2024 - May 20, 2025	-67.72% Jun 23, 2008 - Oct 4, 2013
#3	-17.96% Jul 31, 2024 - Sep 27, 2024	-17.36% Aug 9, 2006 - Nov 29, 2006
#4	-11.96% Aug 13, 2025 - Oct 6, 2025	-15.34% Nov 6, 2007 - Feb 19, 2008
#5	-9.11% Sep 27, 2024 - Oct 14, 2024	-15.17% Jun 18, 2007 - Oct 9, 2007
#6	-8.47% Nov 22, 2024 - Dec 6, 2024	-14.31% Dec 1, 2006 - Apr 4, 2007
#7	-8.44% May 22, 2025 - Jul 9, 2025	-11.83% Oct 18, 2013 - Apr 2, 2014
#8	-7.30% Oct 29, 2024 - Nov 6, 2024	-10.18% Feb 28, 2008 - Apr 4, 2008
#9	-5.81% Jul 14, 2025 - Aug 13, 2025	-7.88% Jul 3, 2006 - Jul 26, 2006
#10	-5.48% Dec 6, 2024 - Dec 13, 2024	-6.46% May 20, 2008 - Jun 5, 2008
#11	-3.29% Oct 18, 2024 - Oct 28, 2024	-5.70% Apr 21, 2008 - May 6, 2008
#12	-2.51% Nov 13, 2024 - Nov 15, 2024	-4.79% Apr 24, 2014 - Jun 6, 2014
#13	-1.50% Oct 16, 2024 - Oct 18, 2024	-4.42% Oct 4, 2013 - Oct 11, 2013
#14	N/A	-4.35% Jun 4, 2007 - Jun 14, 2007
#15	N/A	-4.33% Oct 18, 2007 - Oct 26, 2007

Correlation

Correlation between BTC and XOP is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.46

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