The statistics that matter
Since Ole has taken over, we have the 3rd highest xG. When it comes to xG against, we are fifth. (League only)
Goals xG Goals against xG against
City 27 26.27 10 8.25
Lpool 27 22.87 8 8.05
United 26 22.43 7 13.34
Spurs 24 17.22 13 11.75
Arse 23 19.92 15 15.40
Chel 12 13.52 15 11.68
Chelsea have a game less here. It's fairly easy to interpret. City create the best xG overall and only slightly overperform. Whereas us, Liverpool, most of all Spurs and Arsenal clearly overperform according to the model. Since Ole has taken over, we have league-wide the best margin in terms of goals conceded and xG against, which is a very good indication that we have the best goalkeeper in the league and aren't lucky. It also indicates that City, Liverpool and Tottenham over the course of the season defend better than we do, which just means we can still improve in that regard.
For comparison the 17 games under Mourinho this season:
Goals xG Goals against xG against
City 48 44.98 10 13.00
Lpool 37 35.23 7 13.61
Spurs 31 29.72 16 21.46
Chel 35 31.23 14 16.44
Arse 37 27.03 23 22.08
United 29 28.22 29 26.53
What you can see, since Ole has taken over is, that we have improved in terms of finishing and that de Gea might have improved as well, since we were conceding more goals than we were expected to according to the model. Chelsea have gone from overperforming to slightly underperforming. Lloris and Alisson did concede fewer goals than they were expected to, but during that recent period Tottenham have actually conceded more than than they were expected to and Liverpool are about what the model suggests. Which could mean that both Lloris and Alisson started the season better.
For what it's worth, last season, the best teams/goalkeepers in terms of margin between goals conceded and xG against around Europe were: United/de Gea (+15.54, meaning 28 goals against and 43.54 xG against), Atletico/Oblak (+13.48), Burnley/Pope/Heaton (+13.16), Barcelona/ter Stegen (+12.62), Espanyol/Pau Lopez/Diego Lopez (+11.37), Roma/Alisson (+10.46)
Overperforming in terms of finishing compared to xG isn't an issue over the course of a season, but most of the time it suggest that isn't sustainable over several seasons. Under Conte, when Chelsea won the league, they were expected to score 61.80, but actually scored 85 goals, meaning they significantly overperformed and it wasn't sustainable, which is exactly what happened. We don't need to worry about us overperforming currently, but we need to improve in terms of creating more chances and conceding less next season, if we want to mount a title challenge, which is all the model suggests at this moment of time. What that 11tegen11 suggests is that Ole can't improve in that regard, which is a bit silly, especially if Ole gets properly backed during the summer.