BAI vs XOP: Performance, Holdings, Fees & Risk
BAI and XOP are ETFs, but they can differ materially in exposure, yield, fees and risk. BAI is iShares A.I. Innovation and Tech Active ETF, while XOP is State Street SPDR S&P Oil & Gas Exploration & Production ETF. BAI is more concentrated at the top, based on top-10 holdings weight.
What is the main difference between BAI and XOP?
BAI and XOP have little in common: 0% of their weight is in the same securities.
| Metric | BAI | XOP |
|---|---|---|
| Fund | ||
| Expense ratio | 0.65% | 0.35% |
| Holdings | 56 | 54 |
| Top-10 concentration | 42.1% | 31% |
| Distribution yieldTrailing 12 months | 1.36% | 1.56% |
| Average volume | 3,656,859 | 2,969,350 |
| Risk | ||
| Annualized volatility | 44.9% | 28.7% |
| Max drawdown (1Y) | -30.9% | -18.7% |
| Beta | 2.70 | -0.51 |
| Sharpe ratio | 0.50 | 1.63 |
| Sortino ratio | 0.72 | 2.48 |
AlgovestIQ AIQ Comparison
BAI vs XOP
BAI and XOP are effectively level
BAI and XOP are effectively level on the AIQ Score; the factor table below shows where each one holds its advantage.
The Algovestiq AIQ Score does not currently separate BAI and XOP as of the latest close. Both names are scored on the same 0–100 scale across Quality, Value, Momentum and Risk Resilience, and the factor table below shows where each one holds its advantage.
Compare BAI and XOP across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
BAI vs XOP: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | BAI | XOP | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.65% | 0.35% | XOP |
| Broader diversificationNumber of holdings | 56 | 54 | Similar |
| Lower concentrationWeight of the 10 largest holdings | 42.1% | 31% | XOP |
| Higher incomeTrailing 12-month distribution yield | 1.36% | 1.56% | XOP |
| Smaller drawdownsMax drawdown, 1 year | -30.9% | -18.7% | XOP |
| Lower volatilityAnnualized volatility, 1 year | 44.9% | 28.7% | XOP |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare BAI and XOP against another ticker
Open a multi-ticker workspace without changing this focused pair page.
What changed since the last close
Latest scored session 2026-10-28, compared against the prior scored session 2026-10-27.
Largest factor move: Momentum +7
No signal started or stopped since the prior session; its 2 active signals are unchanged.
Largest factor move: Momentum -5
No signal started or stopped since the prior session; its 5 active signals are unchanged.
XOP's lead narrowed by 2 AIQ points in the latest session.
Deeper signal detail for each name lives on its own signals page — BAI and XOP both carry a full feed there.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | BAI | XOP | Why it matters |
|---|---|---|---|
| Expense ratio | 0.65% | 0.35% | Lower is better — it compounds against you every year you hold. |
| Holdings | 56 | 54 | More holdings means broader diversification, not better returns. |
| Average volume | 3,656,859 | 2,969,350 | Liquidity — matters most if you trade size. |
| Annualized volatility | 44.9% | 28.7% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -30.9% | -18.7% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.50 | 1.63 | Return per unit of risk. Higher is better. |
| Beta | 2.70 | -0.51 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
BAI and XOP share 0% of their weighted exposure across 0 common holdings.
48 holdings are unique to BAI, and 52 holdings are unique to XOP. Owning both is genuinely additive — most of the capital sits in different securities.
BAI is the more concentrated of the two: its ten largest positions are 42.13% of the fund, against 31% for XOP (56 holdings vs 54). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
What BAI adds that XOP doesn’t
| Holding | BAI | XOP |
|---|---|---|
| MUMICRON TECHNOLOGY | 6.66% | Not held |
| NVDANVIDIA | 5.31% | Not held |
| AMDADVANCED MICRO DEVICES | 4.82% | Not held |
| AVGOBROADCOM INC | 4.68% | Not held |
| TSMTAIWAN SEMICONDUCTOR MANUFACTURING | 4.66% | Not held |
| LRCXLAM RESEARCH | 4.2% | Not held |
What XOP adds that BAI doesn’t
| Holding | XOP | BAI |
|---|---|---|
| PBFPBF ENERGY INC CLASS A | 3.89% | Not held |
| DINOHF SINCLAIR CORP | 3.27% | Not held |
| DKDELEK US HOLDINGS INC | 3.27% | Not held |
| VLOVALERO ENERGY CORP | 3.21% | Not held |
| MPCMARATHON PETROLEUM CORP | 3.2% | Not held |
| PARRPAR PACIFIC HOLDINGS INC | 3.12% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIQ Agreement Matrix
How each independent group of evidence reads the pair.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Not covered | Not covered |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | Not covered | Not covered |
| Risk Resilience | Not covered | Not covered |
| Analyst expectations | Not covered | Not covered |
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The leader's advantage has been widening. (supports the conclusion holding)
How the comparison changed
120 daily snapshots · Jun 29 – Oct 28XOP lead: Strengthening — the AIQ differential moved from 4 to 23 points over 30 sessions.
- Today
- XOP +23
- 39 vs 62
- 7 sessions ago
- XOP +29
- 36 vs 65
- 30 sessions ago
- XOP +4
- 52 vs 56
- 90 sessions ago
- XOP +21
- 40 vs 61
The lead changed hands 2 times in this window, most recently on Oct 1 when XOP moved ahead of BAI.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 1 bearish, conflicted
Only BAI
- MACD Bearish Crossover — bearish, momentum, short horizon
5 bullish / 0 bearish
Only XOP
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (1.9%)
- Uptrend Structure Active — bullish, trend, long horizon
- MACD Bullish Crossover — bullish, momentum, short horizon
Both carry 1 more signal that do not separate them: Golden Cross Active.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Risk
Split| Metric | BAI | XOP |
|---|---|---|
| Beta | 2.7 | -0.51 |
| Sharpe ratio | 0.5 | 1.63 |
| Sortino ratio | 0.72 | 2.48 |
| Max drawdown | -30.9% | -18.7% |
| Current drawdown | -19.6% | -2.2% |
| Annualized volatility | 44.9% | 28.7% |
| Value at risk (95%) | -5% | -3% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between BAI and XOP?
BAI and XOP have little in common: 0% of their weight is in the same securities.
How much do BAI and XOP overlap?
BAI and XOP share 0% of their weighted exposure across 0 common holdings. 48 holdings are unique to BAI, and 52 holdings are unique to XOP. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, BAI or XOP?
They hold a similar number of positions: 56 for BAI and 54 for XOP.
Which has the lower expense ratio?
XOP has the lower expense ratio, 0.35% a year against 0.65% for BAI.
Which ETF has the higher distribution yield?
XOP, with a trailing 12-month distribution yield of 1.56% against 1.36% for BAI.
Which ETF has been more volatile?
BAI has been more volatile over the past year, at 44.9% annualized against 28.7% for XOP.
Which ETF has had the smaller drawdown?
XOP fell less from peak to trough over the past year: -18.7% against -30.9% for BAI.
Compare BAI and XOP with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.