Second Quarter Could be Rough on Energy ETFs

“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.

Related: Opportunity in ETFs with Commodities Exposure

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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