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Energy ETF Market Springs to Life with Mixed Returns – Winners and Losers Emerge

ByTrackInsight
Published 2023-03-28, 07:00 p/m
Updated 2023-02-27, 04:15 a/m

The Energy ETF (NYSE:XLE) market experienced a wave of volatility yesterday (27 March), closing the day with an average return of 3.75%. 

There was a marked disparity in the performance of funds across the sector however, with clear winners and losers emerging. Of the ETFs analyzed, WisdomTree Natural Gas (NGAS) and WisdomTree Natural Gas - EUR Daily Hedged (ENGS) experienced losses of -6.19% and -6.18% respectively over the course of the day. 

 

On the flip side, WisdomTree WTI Crude Oil - EUR Daily Hedged (00XM) and WisdomTree WTI Crude Oil ETC (CRUD) emerged as winners within the turbulent energy landscape. Both ETFs saw positive daily returns of 5.11% and 5.01% respectively, highlighting the diversity of the Energy ETF market. 

This mixed performance also demonstrates the importance of ‘looking under the hood’ of an ETF to assess the differences in methodology and portfolio construction, as well as understanding the dynamics and factors influencing the evolving energy sector.

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