Energy stocks historically are slack performers over the next several months while oil is one of the third quarter’s best-performing commodities on a historical basis. 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). However, the reverse of that scenario is currently playing out.

SEE MORE: 4 Energy ETFs may be at Near-Term Tops

“The bottom line is that oil is shaky although possibly on the verge of a bounce, yet oil stocks in some sectors are still good prospects for investors. Look for a nice dividend to cushion the bumps in the road and charts that show technical reason for buying beyond just lower prices than last month,” adds Barron’s.

For more information on the Energy ETF market, visit our Energy category.

Energy Select Sector SPDR