SPDR S&P Oil & Gas Exploration & Production ETF

Oil and gas producers, the companies that actually drill for and pump crude and natural gas, make up the whole of this State Street fund. It follows the S&P Oil & Gas Exploration & Production Select Industry Index, and the defining choice is that it weights members roughly equally rather than by size. That matters: a small independent driller counts about as much as a giant, so XOP swings harder than a market-cap fund would and behaves like a pure bet on the exploration-and-production slice of energy. Because these firms live and die on the price of the commodity, the fund is one of the most volatile ways to trade the oil cycle. Traders use it to express a short-term view on crude, while longer-term holders accept the sharp drawdowns that come with it. It launched in 2006 and charges 0.35%.

On MyRWA, XOP trades tokenized across 2 on-chain venues - see the listings below.