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Published on 27 Jun 2022 on ETF Trends via Yahoo Finance

Drilling Down on What’s Inside Energy ETFs


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This article was originally published on ETFTrends.com.

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) 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.

XLE is the industry heavyweight with $37 billion in assets and is market cap-weighted, which has resulted in the assets being heavily concentrated in Chevron (CVX) and Exxon Mobil (XOM); these two stocks combined were 45% of assets. More moderately sized but still large-cap energy companies ConocoPhillips (COP), EOG Resources (EOG), and Pioneer Resources (PXD) are other top-10 holdings. However, the fund only has 21 positions.

NYSE.XLE price evolution

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