XLE Needs to do This to Legitimize a Rebound

“After its three-month slump, the sector now offers some hidden value gems, says Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management,” according to CNBC.

XLE and other traditional cap-weighted energy ETFs are typically heavily allocated to Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX). Those stocks combine for over 37% of XLE’s roster.

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 more information on the oil market, visit our energy category.