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“Integrated oil companies — which drill and refine crude and sell fuel — have reduced operating capital costs to lower the break-even expense of producing a barrel of oil, he said. And while crude prices may be plateauing at present, the trend has been positive in recent months, he said,” according to CNBC.

Rivals to XLE include the Vanguard Energy ETF (NYSEArca: VDE), iShares U.S. Energy ETF (NYSEArca: IYE) and the Fidelity MSCI Energy Index ETF (NYSEArca: FENY).

For those seeking a hedge against further weakness in the energy sector, the ProShares Short Oil & Gas (NYSEArca: DDG) tries to reflect the inverse, or -100%, daily performance of the Dow Jones U.S. Oil & Gas Index.

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Energy Select Sector SPDR