Why XLE ETF is The Geopolitical Hedge With the Iran War🌟🌟🌟With the escalating Iran war, the Strait of Hormuz is block…
Why XLE ETF is The Geopolitical Hedge With the Iran War
🌟🌟🌟With the escalating Iran war, the Strait of Hormuz is blocked. Brent Crude Oil is trading well over USD 100, hovering around USD 111.00 per barrel. The result? $SPDR Energy Select(XLE.US)has jumped into a 52 week high of USD 68.64.
For those who are new, XLE is an ETF that tracks the performance of the largest US energy companies listed in the S&P500.
The top 10 Holdings include $ExxonMobil(XOM.US)$Chevron(CVX.US)$ConocoPhillips(COP.US)$Marathon Petroleum(MPC.US)and makes up 78% of the fund.
XLE has a low expense ratio of 0.08% and pays a di vidend yield of 2.24%.
As a tactical play, XLE is a great defense mechanism for a portfolio with geopolitical conflicts in the Middle East.
Dear Fellow Investors, have you invested in XLE?
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