The Energy sector ranks fifth out of the 11 sectors as detailed in our Q3'20 Sector Ratings for ETFs and Mutual Funds report. Last quarter, the Energy sector ranked fifth. It gets our Neutral rating, which is based on an aggregation of ratings of the 177 stocks in the Energy sector. See a recap of our Q2'20 Sector Ratings here.
Figures 1 and 2 show the five best and worst rated ETFs and mutual funds in the sector. Not all energy sector ETFs and mutual funds are created the same. The number of holdings varies widely (from 21 to 189). This variation creates drastically different investment implications and, therefore, ratings.
Investors seeking exposure to the Energy sector should buy one of the Attractive-or-better rated ETFs or mutual funds from Figures 1 and 2.
Figure 1: ETFs with the Best and Worst Ratings - Top 5
* Best ETFs exclude ETFs with TNAs less than $100 million for inadequate liquidity.
Sources: New Constructs, LLC and company filings
Two ETFs (FILL, ROKT) are excluded from Figure 1 because their total net assets are below $100 million and do not meet our liquidity minimums.
Figure 2: Mutual Funds with the Best and Worst Ratings
* Best mutual funds exclude funds with TNAs less than $100 million for inadequate liquidity.
Sources: New Constructs, LLC and company filings
Six mutual funds (ICBMX, MLOIX, MLOZX, MLORX, MLOCX, ICBCX) are excluded from Figure 2 because their total net assets (TNA) are below $100 million and do not meet our liquidity minimums.
TPYP is the top-rated Energy ETF and MAGRX is the top-rated Energy mutual fund. Both earn an Attractive rating.
PBW is the worst rated Energy ETF and ICEAX is the worst rated Energy mutual fund. PBW earns an Unattractive rating and ICEAX earns a Very Unattractive rating.
Get our long and short/warning ideas. Access to top accounting and finance experts.
Deliverables:
1. Daily - long & short idea updates, forensic accounting insights, chat
2. Weekly - exclusive access to in-depth long & short ideas
3. Monthly - 40 large, 40 small cap ideas from the Most Attractive & Most Dangerous Stocks Model Portfolios
