COM - Fossil fuel ETFs vs. Green energy ETFs
Energy and energy independence has become one of the most pivotal factors in how countries around the world operate and make decisions. With that being said, the Energy Select Sector SPDR ETF (NYSEARCA:XLE) and iShares S&P Global Clean Energy Index ETF (NASDAQ:ICLN) are two of the market’s leading energy ETFs that function in two completely different spheres of the energy world. Fossil fuels and green energy, both make an interesting case for how individuals should approach energy investing. Below we break down the key differences between both divisions with XLE representing the fossil fuel space and ICLN supporting the green energy marketplace. Performance: When examining the returns of XLE and most oil and gas-related ETFs, market players will notice that they have jumped off the charts over the past year and a half, blowing away ICLN and clean energy funds. On a one-year time frame, XLE is +60% whereas ICLN is down 6.5%. Zooming in
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Fossil fuel ETFs vs. Green energy ETFs