New to this board. Does anybody know why other engery ETFs such as DBE doing so well but not XLE?
DBE holds futures for actual energy products, heating oil, gasoline, etc. This holds stock in companies involved in exploration for and production and sale of those things. So its a matter of buying the goods and hoarding them (equivalent to such anyway) with DBE, or buying shares of the companies that produce the goods with XLE. It is the same issue with all commodities. Own the commodity or the stock? Would you rather own a large stockpile of food and pay a small fee to store it in a granary somewhere.. or own a farm?