Drilling Down on What's In Energy ETFs
While they have sold off in June, equity ETFs focused on the U.S. energy sector have significantly outperformed the broader market, aided by higher commodity prices and strong earnings for companies across the energy ecosystem. The Energy Select Sector SPDR ETF (XLE A) was recently up 35% for the year, crushing the broader benchmark that was still in bear market territory and down 21%. Despite its relative size, XLE was the fifth most-researched ETF page in VettaFi’s ETF database in 2022. Yet, the fund is just one of many strong-performing energy ETFs for advisors to consider.
Source: https://etfdb.com/news/2022/06/27/drilling-down-on-whats-in-energy-etfs/
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