Energy Select Sector SPDR (XLE) Crashes 20% On Crude Oil Volatility

Energy Select Sector SPDR (XLE) Crashes 20% On Crude Oil Volatility


Nov. 20 2020, Updated 1:04 p.m. ET


The Energy Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P Energy Select Sector Index. The index includes the top 43 E&P (exploration and production) names and is managed by SSgA Funds Management. In this series, we’ll dissect the performance and constituents of this ETF.

XLE has fallen 25% since its June 2013 highs, only to recover 7% from lows in January. This has coincided with a collapse in crude oil prices to sub-$50 in recent weeks.

This 60% crash in oil prices has resulted in peak crude volatility (OVX).

In the next part of this series, we’ll dissect XLE’s top holdings, including Exxon Mobil (XOM), Chevron (CVX), EOG Resources (EOG), and Kinder Morgan (KMI).

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