XLE

All about XLE

XLE

The State Street Global Advisors THE ENERGY SELECT SECTOR SPDR FUND (XLE) is an exchange-traded fund (ETF) that tracks the performance of the Energy Select Sector Index. The fund is managed by State Street Global Advisors and was launched in 1998.

The Energy Select Sector Index measures the performance of the energy companies within the S&P 500. It includes oil and gas exploration and production companies, refiners, pipeline operators, and energy equipment and services providers.

XLE is a passively managed index ETF that seeks to replicate the holdings and performance of its benchmark with low tracking error. It is suitable for investors seeking broad, low-cost market exposure.

This is used in this portfolio Sectors