Overview
Top US oil and gas companies. XOM and CVX together represent ~45% of the fund. Tracks crude oil prices closely with high dividend yield.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| XOM | ExxonMobil Corp. | 22.4% |
| CVX | Chevron Corp. | 17.8% |
| COP | ConocoPhillips | 5.4% |
| EOG | EOG Resources | 4.8% |
| SLB | SLB Schlumberger | 4.4% |
| MPC | Marathon Petroleum | 3.8% |
| PSX | Phillips 66 | 3.4% |
| VLO | Valero Energy | 3.2% |
| OXY | Occidental Petroleum | 2.9% |
| DVN | Devon Energy | 2.6% |
Fund Details
Investment Thesis
The energy sector provides a natural inflation hedge and portfolio diversification away from technology-heavy market-cap weighted indexes. XLE's heavy concentration in ExxonMobil and Chevron means returns are closely tied to the world's two strongest balance sheet oil majors. High free cash flow generation from energy companies supports exceptional dividend yields that reward patient investors.
Who It's For
Income investors seeking high dividend yield with an inflation hedge and commodity sector diversification. XLE suits investors with a bullish view on oil prices, global energy demand, or energy supply constraints. Also useful as a portfolio hedge against energy price inflation. Investors should monitor oil price cycles carefully as XLE's returns are highly correlated with crude oil price movements.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $65.42 | -- |
| 2017 | $72.58 | +10.9% |
| 2018 | $57.82 | -20.3% |
| 2019 | $58.14 | +0.6% |
| 2020 | $36.48 | -37.3% |
| 2021 | $52.62 | +44.2% |
| 2022 | $88.74 | +68.6% |
| 2023 | $89.22 | +0.5% |
| 2024 | $94.82 | +6.3% |
| 2025 | $88.62 | -6.5% |
| Year | Yield |
|---|---|
| 2016 | 2.82% |
| 2017 | 2.42% |
| 2018 | 3.12% |
| 2019 | 3.48% |
| 2020 | 4.42% |
| 2021 | 3.28% |
| 2022 | 3.78% |
| 2023 | 3.52% |
| 2024 | 3.28% |
| 2025 | 3.42% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $18B | -- |
| 2017 | $20B | +11.1% |
| 2018 | $17B | -15.0% |
| 2019 | $16B | -5.9% |
| 2020 | $11B | -31.2% |
| 2021 | $16B | +45.5% |
| 2022 | $32B | +100.0% |
| 2023 | $34B | +6.2% |
| 2024 | $38B | +11.8% |
| 2025 | $36B | -5.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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