Another global energy ETF to consider is the SPDR S&P International Energy Sector ETF (NYSEArca: IPW). Often overlooked, though it probably should not be, IPW is up nearly 7% this year and hit a new 52-week at $27.45 Wednesday. If IPW can close above $28, it will be the first time the $13.4 million ETF has done so in more than two years.
IPW tracks an ex-U.S. index so Exxon, Chevron and equivalent companies do not reside in the ETF. Rather, IPW is Total. BP and Shell heavy as those stocks combine for over 37% of the ETF’s weight. Canada is over 28% of IPW’s country weight, a relevant factoid at a time when Warren Buffett is investing in Canadian energy firms.
SPDR S&P International Energy Sector ETF
ETF Trends editorial team contributed to this piece.