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Asset Class: Energy Sector
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Oldest ETF back tested: The Energy Select Sector SPDR® Fund (XLE)
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Correlation to U.S. Stock Market: 0.65
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Long-Term Performance: 6.54% CAGR
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S&P 500 Performance: 7.87% CAGR
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Back test timeframe: January 1999 – October 2021
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Number of ETFs available in this asset class: 24
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Number of ETFs in this asset class that are 10-years old or older: 15
XLE vs SPY: January 1999 – October 2021
XLE vs SPY: December 22, 1998 – October 29, 2021
The Deep Value ETF Accumulator rankings for the 15 oldest Energy sector ETFs:
The 4 top ranked Energy sector ETFs head-to-head comparisons:
IEO vs XLE vs PXE vs PXI: November 2006 – October 2021
IEO vs XLE vs PXE vs PXI: October 12, 2006 – October 29, 2021
Stated objectives of 4 top ranked Energy sector ETFs:
IEO – The iShares U.S. Oil & Gas Exploration & Production ETF seeks to track the investment results of an index composed of U.S. equities in the oil and gas exploration and production sector. Exposure to U.S. companies that are engaged in the exploration, production, and distribution of oil and gas. Targeted access to domestic oil and gas stocks. Use to express a sector view.
XLE – The Energy Select Sector SPDR® Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Energy Select Sector Index (the “Index”). The Index seeks to provide an effective representation of the energy sector of the S&P 500 Index. Seeks to provide precise exposure to companies in the oil, gas and consumable fuel, energy equipment and services industries. Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing.
PXE – The Invesco Dynamic Energy Exploration & Production ETF (Fund) is based on the Dynamic Energy Exploration & Production Intellidex℠ Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is composed of securities of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund and Index are rebalanced and reconstituted quarterly in February, May, August and November.
PXI – The Invesco DWA Energy Momentum ETF (Fund) is based on the Dorsey Wright® Energy Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index. Relative strength is the measurement of a security’s performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.
Thank you for taking time to read this article. If you found it useful, please share it with a friend.
Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Previous Deep Value ETF Accumulator article on Energy sector ETFs:
4 Best Long-Term Performance Energy Sector ETFs 1.3
Disclosure: We intend to start a new position in XLE within the next 72 hours. I am not a professional investment advisor. Please perform your own due diligence or seek the advice of a Registered Investment Advisor before investing in any security mentioned in this article. This website contains affiliate links to M1 Finance and Google AdSense.