Despite volatility in the energy market due to geopolitical turmoil and macroeconomic headwinds, the energy sector has significantly outperformed the rest of the market this year.
Investors’ interest in energy stocks is evident from the Energy Select Sector SPDR Fund’s (XLE) 56.9% year-to-date returns, compared to the SPDR S&P 500 ETF Trust’s (SPY) 19.4% decline.
