In the Exploration and Production space there are some other ETFs that should be watched here as well as the sector loses steam such as the $438 million IEO (iShares U.S. Oil & Gas Exploration & Production, Expense Ratio 0.48%) which has a very different index make up than the equal weighted XOP. Top holdings in IEO are OXY (14.19%), APC (8.50%), and PSX (7.20%) and the fund has a clear large cap slant (55.59%) and mega-cap (14.19%).
PXE (PowerShares Dynamic Energy Exploration & Production Portfolio, Expense Ratio 0.60%) also comes to mind here, and this fund has raised $104 million in AUM at this point.
SPDR S&P Oil & Gas Exploration & Production ETF
