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Energy sector ETF has outpaced the S&P 500 over the past 12 months
The Vanguard Energy ETF returned 93.6% in the past 12 months, far ahead of the S&P 500’s 23.9% total return, according to Benzinga.
Benzinga highlights the energy stocks sector, describing companies involved in producing, exploring, refining, and transporting fuels such as coal, oil, and gas, along with related services and drilling equipment.
The outlet points to the Vanguard Energy ETF, saying it has broadly outperformed the broader market. Benzinga reports that VDE delivered a 93.6% return over the past 12 months versus 23.9% total returns for the S&P 500.
Benzinga also divides energy stocks into two broad groups, nonrenewable companies that generate revenue from limited resources like coal, natural gas, and oil, and renewable or clean energy stocks tied to energy from unlimited sources such as solar, wind, and hydropower.
The piece notes that demand for energy worldwide can support both traditional and clean energy companies, and it suggests the sector can see growth through acquisitions, mergers, and other corporate activity.
Latest closeNat gas $3.008 ▲3.6%|S&P 500 7,666.60 ▲0.5%