This is an excerpt from ETF Battles on ETFguide TV between XLE vs. ICLN – two beaten up energy ETFs with very different goals. Who wins the battle?
Energy ETFs were pulverized during the first quarter along with the rest of the broader stocks market. And the collapse in oil prices and energy stocks has triggered an existential moment. It’s also causing investors to re-think the entire industry sector and where the future of energy is heading. Will traditional energy rebound stronger and better or is alternative energy finally ready to overtake the globe?
In our latest ETF Battles, Ron DeLegge at ETFguide referees the match between the Select Sector Energy SPDR ETF (XLE) vs. the iShares Global Clean Energy ETF (ICLN). Each fund is at the opposite spectrum, with XLE aligned with traditional energy stocks like Chevron and ExxonMobil while ICLN is aligned with alternative or clean energy upstarts.
In this episode, our judges David Kreinces at ETF Portfolio Management and Mike Akins at ETF Action pick their ETF battle winner, carefully dissecting each fund from top to bottom. Each judge has 30 seconds to choose an ETF winner in four battle categories that include cost, diversification, theme outlook and performance.