Top holdings in the ETF are currently OXY (14.57%), APC (7.83%), APA (7.37%), EOG (7.16%), and PSX (6.73%). PXE on the other hand uses a proprietary methodology that screens stocks in the Exploration/Production space by company fundamentals including growth, stock valuation, investment timeliness, and risk measures.
PXE also follows an equal weighted approach like XOP. Currently, top holdings in PXE are PSX (5.21%), HES (5.02%), MPC (4.98%), XOM (4.95%), and CVX (4.91%). Year to date, PXE has rallied 12.22% in comparison to IEO losing 1.99% and XOP down 2.33% during this same time period. In the trailing one year period the results are similar, with PXE rising 5.30% versus IEO (-8.88%) and XOP (-6.54%).
PowerShares Dynamic Energy Exploration & Production
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].