“According to White, XOM stock is also among the worst to own in the second quarter, historically speaking. The equity has finished the quarter higher just 40% of the time over the past 10 years, averaging a loss of 1.30%,” reports Schaeffer’s.
Exxon is XLE’s largest holding, accounting for more than 23% of the ETF’s weight. ConocoPhillips is XLE’s fourth-largest holding at a weight of almost 5%.
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). Exxon is the largest holding in all of those ETFs with ConocoPhillips figuring prominently in the lineups of each of those funds.
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