Currently, top holdings of XLE are large cap names that most everyone is familiar with (XOM, 18.85% weighting, CVX, 14.77% weighting, SLB, 7.08% weighting), and there are a number of other related sector ETFs in this space that we would expect will see heavier than average activity as assets are clearly in motion at this juncture.
Included are VDE (Vanguard Energy), IYE (iShares DJ U.S. Energy Sector), PXI (PowerShares Dynamic Energy Sector), RYE (Guggenheim S&P 500 Equal Weight Energy), FXN (First Trust Energy AlphaDEX) and FEG (FocusShares Morningstar Energy).
In this group are a variety of different index approaches, ranging from market capitalization weighting schemes, fundamental/quantitative approaches, as well as equal weighted indexing. Year to date, the returns in these funds look like the following: PXI -7.96%, XLE -10.31%, IYE -10.33%, FEG -10.52%, RYE -12.06%, FXN -14.50%.
SPDR Energy Select
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