It has been a challenging year for the stock market due to various macroeconomic and geopolitical concerns. The S&P 500 is down 16.5% year-to-date. However, the energy sector has been the best performing sector this year, with 40.8% returns year-to-date.
Energy Select Sector SPDR Fund (XLE) is one of the most popular energy ETFs as it offers exposure to the U.S. energy industry. Launched by State Street Global Advisors, Inc., it tracks the performance of the Energy Select Sector Index, which contains selected U.S. energy companies in the S&P 500.
