The energy sector has been one of the top performers this year. The Energy Select Sector SPDR Fund (XLE) has gained 56.1% over the past year, compared to the SPDR S&P 500 ETF Trust’s (SPY) 19.7% decline over the same period.
Moreover, analysts are bullish on the energy sector. 63% of FactSet analysts are optimistic about the energy industry, the highest of all industries, in terms of their ratings on stocks in the S&P 500.
