Energy Select Sector SPDR Fund has not performed well in the past year due to global uncertainties and weak demand forecast.
However, stocks in XLE’s portfolio are stocks with moats and have generates excessive cash flows from its operations.
A re-acceleration of the global economic growth in 2020 should help lift XLE's fund price.
Energy Select Sector SPDR Fund (XLE) owns a portfolio of giant and large-cap U.S. stocks in the energy sector. The ETF invests in energy stocks in the S&P 500 Index. The