MSLC vs XOP

Comparison between MORGAN STANLEY PATHWAY LARGE CAP EQUITY ETF (MSLC, ETF) and SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF (XOP, ETF).

MSLC vs XOP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSLC(ETF)	XOP(ETF)
Net Assets	$3.50B	$3.50B
Expense Ratio	0.39%	0.35%
Max Drawdown	17.86%	90.96%
Sharpe Ratio	1.74	1.45
5Y Beta	0.93	0.80
P/E Ratio	27.45	33.98
Forward P/E	21.08	11.62
PEG Ratio	N/A	-0.13
5Y Dividends CAGR	N/A	18.35%
5Y EPS CAGR	25.30%	N/A
Debt to Equity	N/A	73.66%
P/S Ratio	2.97	0.79
P/B Ratio	4.94	1.83

Net Assets

MSLC

$3.50B

XOP

$3.50B

Expense Ratio

MSLC

0.39%

Winner

XOP

0.35%

Max Drawdown

Winner

MSLC

17.86%

XOP

90.96%

Sharpe Ratio

Winner

MSLC

1.74

XOP

1.45

5Y Beta

MSLC

0.93

Winner

XOP

0.80

P/E Ratio

Winner

MSLC

27.45

XOP

33.98

Forward P/E

MSLC

21.08

Winner

XOP

11.62

PEG Ratio

MSLC

N/A

XOP

-0.13

5Y Dividends CAGR

MSLC

N/A

XOP

18.35%

5Y EPS CAGR

MSLC

25.30%

XOP

N/A

Debt to Equity

MSLC

N/A

XOP

73.66%

P/S Ratio

MSLC

2.97

Winner

XOP

0.79

P/B Ratio

MSLC

4.94

Winner

XOP

1.83

MSLC vs XOP - Holdings Comparison

MSLC and XOP have 23 common holdings. Overlap is 2.62%

MSLC's top 25 holdings weight is 47.52%. XOP's top 25 holdings weight is 65.98%.

Rank	MSLC	XOP
#1	NVIDIA CORP (NVDA) - 6.63%	MURPHY OIL CORP (MUR) - 2.94%
#2	MICROSOFT CORP (MSFT) - 5.02%	APA CORP (APA) - 2.92%
#3	AMAZON.COM INC (AMZN) - 4.57%	SM ENERGY CO (SM) - 2.91%
#4	APPLE INC (AAPL) - 4.41%	CHORD ENERGY CORP ORDINARY SHARES NEW (CHRD) - 2.80%
#5	ALPHABET INC CLASS A (GOOGL) - 3.18%	HF SINCLAIR CORP (DINO) - 2.79%
#6	BROADCOM INC (AVGO) - 2.76%	DIAMONDBACK ENERGY INC (FANG) - 2.78%
#7	META PLATFORMS INC CLASS A (META) - 2.63%	COTERRA ENERGY INC ORDINARY SHARES (CTRA) - 2.72%
#8	ALPHABET INC CLASS C (GOOG) - 2.03%	DEVON ENERGY CORP (DVN) - 2.69%
#9	US DOLLARS (n/a) - 1.66%	CRESCENT ENERGY CO CLASS A (CRGY) - 2.68%
#10	JPMORGAN CHASE & CO (JPM) - 1.50%	PERMIAN RESOURCES CORP CLASS A (PR) - 2.67%
#11	TESLA INC (TSLA) - 1.25%	VIPER ENERGY INC ORDINARY SHARES CLASS A (VNOM) - 2.67%
#12	VISA INC CLASS A (V) - 1.21%	MATADOR RESOURCES CO (MTDR) - 2.67%
#13	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.17%	OVINTIV INC (OVV) - 2.65%
#14	NETFLIX INC (NFLX) - 1.11%	CONOCOPHILLIPS (COP) - 2.62%
#15	EXXON MOBIL CORP (XOM) - 1.04%	OCCIDENTAL PETROLEUM CORP (OXY) - 2.61%
#16	MICRON TECHNOLOGY INC (MU) - 0.92%	VALERO ENERGY CORP (VLO) - 2.60%
#17	MASTERCARD INC CLASS A (MA) - 0.87%	MARATHON PETROLEUM CORP (MPC) - 2.55%
#18	RTX CORP (RTX) - 0.77%	VENTURE GLOBAL INC ORDINARY SHARES CLASS A (VG) - 2.52%
#19	LINDE PLC (LIN) - 0.75%	EOG RESOURCES INC (EOG) - 2.51%
#20	ELI LILLY AND CO (LLY) - 0.75%	MAGNOLIA OIL & GAS CORP CLASS A (MGY) - 2.49%
#21	n/a (BN) - 0.72%	RANGE RESOURCES CORP (RRC) - 2.46%
#22	BANK OF AMERICA CORP (BAC) - 0.71%	PBF ENERGY INC CLASS A (PBF) - 2.45%
#23	CISCO SYSTEMS INC (CSCO) - 0.68%	PHILLIPS 66 (PSX) - 2.45%
#24	MERCK & CO INC (MRK) - 0.59%	EXXON MOBIL CORP (XOM) - 2.44%
#25	JOHNSON & JOHNSON (JNJ) - 0.59%	CHEVRON CORP (CVX) - 2.39%
Total Holdings	987	53

MSLC vs XOP - Historical Returns

Returns include dividend reinvestment.

Period	MSLC	XOP
1 month	+7.87%	-3.80%
3 months	+5.26%	+13.20%
6 months	+8.55%	+29.00%
1 year	+26.62%	+44.57%
5 years(CAGR)	N/A	+16.49%
10 years(CAGR)	N/A	+4.35%
Max(CAGR)	+13.37%	+2.31%

Winner

MSLC

+7.87%

XOP

-3.80%

MSLC

+5.26%

Winner

XOP

+13.20%

MSLC

+8.55%

Winner

XOP

+29.00%

MSLC

+26.62%

Winner

XOP

+44.57%

5Y(CAGR)

MSLC

N/A

XOP

+16.49%

10Y(CAGR)

MSLC

N/A

XOP

+4.35%

Max(CAGR)

Winner

MSLC

+13.37%

XOP

+2.31%

MSLC vs XOP - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	MSLC	XOP
2026	+6.48%	+28.59%
2025	+15.85%	-3.93%
2024	-3.29%	-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%

MSLC vs XOP Drawdown Comparison

The maximum drawdown for MSLC was -17.86%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.

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

The current XOP drawdown is -38.55%.

Rank	MSLC	XOP
#1	-17.86% Feb 19, 2025 - Jun 26, 2025	-90.26% Jun 23, 2014 - Mar 23, 2020
#2	-9.31% Jan 12, 2026 - Apr 15, 2026	-67.72% Jun 23, 2008 - Oct 4, 2013
#3	-5.29% Oct 28, 2025 - Dec 11, 2025	-17.36% Aug 9, 2006 - Nov 29, 2006
#4	-4.51% Dec 11, 2024 - Jan 22, 2025	-15.34% Nov 6, 2007 - Feb 19, 2008
#5	-2.85% Oct 8, 2025 - Oct 24, 2025	-15.17% Jun 18, 2007 - Oct 9, 2007
#6	-2.51% Jul 25, 2025 - Aug 12, 2025	-14.31% Dec 1, 2006 - Apr 4, 2007
#7	-2.43% Dec 11, 2025 - Dec 23, 2025	-11.83% Oct 18, 2013 - Apr 2, 2014
#8	-1.57% Sep 22, 2025 - Oct 3, 2025	-10.18% Feb 28, 2008 - Apr 4, 2008
#9	-1.49% Jan 23, 2025 - Feb 18, 2025	-7.88% Jul 3, 2006 - Jul 26, 2006
#10	-1.43% Aug 14, 2025 - Aug 22, 2025	-6.46% May 20, 2008 - Jun 5, 2008
#11	-1.22% Aug 28, 2025 - Sep 8, 2025	-5.70% Apr 21, 2008 - May 6, 2008
#12	-1.12% Dec 26, 2025 - Jan 6, 2026	-4.79% Apr 24, 2014 - Jun 6, 2014
#13	-0.83% Jul 3, 2025 - Jul 17, 2025	-4.42% Oct 4, 2013 - Oct 11, 2013
#14	-0.80% Apr 17, 2026 - Apr 22, 2026	-4.35% Jun 4, 2007 - Jun 14, 2007
#15	-0.64% Apr 27, 2026 - Apr 30, 2026	-4.33% Oct 18, 2007 - Oct 26, 2007

Correlation

Correlation between MSLC and XOP is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.61

-101

Dividend Comparison (2006 - 2026)

MSLC vs XOP dividend yield comparison.

Year	MSLC	XOP
2026	0.00%	0.43%
2025	2.15%	2.62%
2024	0.00%	2.45%
2023	0.00%	2.63%
2022	0.00%	2.47%
2021	0.00%	1.61%
2020	0.00%	2.34%
2019	0.00%	1.47%
2018	0.00%	0.99%
2017	0.00%	0.76%
2016	0.00%	0.76%
2015	0.00%	2.21%
2014	0.00%	1.40%
2013	0.00%	0.84%
2012	0.00%	1.21%
2011	0.00%	1.12%
2010	0.00%	0.37%
2009	0.00%	0.69%
2008	0.00%	0.77%
2007	0.00%	0.21%
2006	0.00%	0.11%