3 ETFs For Avoiding Energy Stocks

What happens with SPXE is that the energy sector is eliminated and its weight is redistributed among the other 10 sectors comprising the S&P 500. The difference is meaningful. SPXE is up 4.57% year-to-date while the S&P 500 is higher by 3.77%.


The SPDR MSCI ACWI Low Carbon Target ETF LOWC tracks the MSCI ACWI Low Carbon Target Index, which is essentially the MSCI ACWI Index reweighted with a bias toward companies with low or no carbon footprints.

This fund does have a 3.06% weight to energy stocks, explaining why it's up just 2.33% to start 2020. Technology and financial services stocks combine for 35% of the fund's weight, but LOWC is underweight the former and overweight the latter relative to the S&P 500.

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