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VLO - iShares U.S. Energy ETF: A Total Returns Idea (Or Not)
Valero Energy Corporation
Summary
The iShares U.S. Energy ETF is benefiting from the macro environment - including Putin's horrific war-of-choice on Ukraine, which has effectively broken the global energy supply chain.
IYE yields 3.7% and is up 59% YTD.
The ETF is significantly overweight in Exxon (21.5%), but that has actually been a positive catalyst this year (XOM is +67.8% YTD).
While this ETF is obviously a commodity bet on the future price of oil & gas, barring a severe global recession, the outlook for both looks solid.