Fund BasicsSee More
- Fund Family State Street Global Advisors
- Assets Under Management 91,487,500
- Market Capitalization, $K 91,488
- Shares Outstanding, K 2,815
- 60-Month Beta 2.46
|Period||Period Low||Period High||Performance|
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-4.26 (-12.47%)since 08/21/20
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-5.11 (-14.59%)since 06/19/20
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-50.29 (-62.71%)since 09/20/19
Last week witnessed the 100th trading day since the stock market???s pandemic low on Mar 23.
The International Energy Agency (IEA) said this week that demand is expected to decline by 8.1 million barrels per day in 2020. The decline would be the largest in history.
Lower refining margins, opportunistic buying by some countries, expectations of higher shale production and subdued economic recovery may weigh on further oil price rally.
Sector ETF report for IEZ
Given the impressive trends, many energy ETFs now carry a Rank #3 against #4 or #5 in the latest ratings update.
The ETF headlines in May were ruled by the reopening of economies, hopes for a COVID-19 vaccine and global economic stimulus.
Despite the huge surge in oil prices, energy ETFs have not kept up with the trend.
The Zacks Analyst Blog Highlights: PSCD, XES, SGDJ, PSCM and PSCI
While there are winners in almost every corner of the small-cap space, we have presented five top-performing, small-cap ETFs from different sectors over the past month.
The energy sector has been holding up well this quarter, rising more than 18%.