Profile
Assets class:
EquityAssets under management:
$37 BAverage volume:
$14 MDomicile:
USExpense ratio:
0.09%Inception date:
22 December 1998Website:
http://www.ssga.comLast dividends:
23 September 2024Next dividends:
N/A
Top countries
Dividend yield TTM
XLE Latest News
The oil and gas sector has averaged a -1.5% return in recent rate-cutting cycles, underperforming other cyclical and defensive sectors. XLE trades above its 3-year historical average in both P/E and EV/EBITDA, implying a 17% downside to fair value. Despite potential risks, historical data and current valuation support selling XLE, with a fair value estimate of $75.
Designed to provide broad exposure to the Energy - Broad segment of the equity market, the Energy Select Sector SPDR ETF (XLE) is a passively managed exchange traded fund launched on 12/16/1998.
Jason Snipe, founder and CIO at Odyssey Capital Advisors, joins CNBC's “Halftime Report” to explain why he's getting out of Energy.
Midstream and Energy have both been on a strong run in recent years. We compare the sectors in light of current macro factors. We then take a look at representative ETFs (XLE and AMLP) and share which is worth buying today.
Oil heads for its first weekly gain in a month buoyed by Hurricane Francine but fails to spur energy ETFs.
Among the hardest hit were Diamondback Energy, APA Corporation, and ExxonMobil. with shares of each falling around 4% on Tuesday.
The energy sector and the Energy Select Sector SPDR® Fund ETF in particular have underperformed the market over the past year. Investors should be mindful of XLE's extreme concentration into just two Oil & Gas companies and all the pros and cons associated with that. Improving business fundamentals within the Oil & Gas sector are likely to result in the XLE closing the performance gap with other sector ETFs.
Second level thinking is crucial for superior investment performance, requiring insights beyond what the market has already priced in. The AI boom and European energy shifts highlight the potential in the US energy sector, particularly natural gas. The Energy Select Sector SPDR Fund offers diversified exposure to the energy sector with a strong financial stability profile.
Wall Street investors began adjusting their strategies in anticipation of potential economic and market shifts should former President Donald Trump regain the presidency. The phenomenon, labeled the “Trump trade,” includes a focus on sectors likely to thrive — informally known as Trump victory stocks.
The energy sector rebounded strongly post-COVID crash, driven by Russia-Ukraine conflict, Middle East tensions, U.S. economy, and high inflation. The outlook for energy stocks — and especially energy dividends — remains very bullish. We share some attractive ways to profit from this outlook, including investing in The Energy Select Sector SPDR® Fund ETF.
What is XLE ETF?
In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Energy companies by the GICS®, including securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services. It is non-diversified.
What is XLE assets class?
Assets class of XLE ETF is 'Equity'
What is XLE assets under management?
Assets under management of XLE ETF is $37 B
What is XLE average volume?
Average volume of XLE ETF is $14 M
What is XLE domicile?
Domicile of XLE ETF is US
What is XLE expense ratio?
Expense ratio of XLE ETF is 0.09%
What is XLE inception date?
Inception date of XLE ETF is 22 December 1998
What is XLE website?
Website of XLE ETF is https://www.ssga.com/us/en/institutional/etfs/funds/the-energy-select-sector-spdr-fund-xle