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.
For further details see:
iShares U.S. Energy ETF: A Total Returns Idea (Or Not)