Energy Sector ETF $XLE Surges, Becomes Top US Equity Sector in 2023 YTD with 10.48% Gains in March
The Energy sector ETF $XLE has seen significant gains recently, with a rise of nearly 12% in the last month. It is now the #1 performing US Equity Sector Style in 2023 YTD, up by 15.0%. Energy stocks have been highlighted for their diversification benefits post-pandemic, moving in correlation with yields. March sector returns show Energy $XLE leading with 10.48% gains.
Sources
Ram Ahluwalia CFA, Lumida
ENERGY STOCKS ARE THE NEW BONDS Energy was the best sector today. Tech was the worst. I’ve said it for a while now… energy adds valuable diversification if you own tech In ‘22 tech bear market, energy was up 66% Many VCs reading this I bet are massively under-exposed to… https://t.co/PiHWLqnpNP
YCharts 📊March Sector Returns: Energy $XLE: 10.48% Utilities $XLU: 6.59% Materials $XLB: 6.47% Financials $XLF: 4.80% Industrials $XLI: 4.42% Staples $XLP: 3.32% Comm. Services $XLC: 3.17% Health Care $XLV: 2.38% Real Estate $XLRE: 1.76% Tech $XLK: 0.79% Con. Discretionary $XLY: -0.07% https://t.co/6GHayavzvt
Sunchartist$XLE A massive breakout to all all-time highs. https://t.co/9dfqek0Q3J