|Bid||89.44 x 1000|
|Ask||90.00 x 800|
|Day's Range||89.28 - 89.76|
|52 Week Range||70.06 - 99.70|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-7.24%|
|Beta (5Y Monthly)||0.66|
|Expense Ratio (net)||0.20%|
Energy stocks have been belted since the start of 2020 amid the rising threat of the COVID-19 coronavirus outbreak. Now, a potential price war threatens to turn the sector into one of the biggest liabilities in investor portfolios.Oil prices, which have been under pressure all year, officially fell into bear-market territory by February as coronavirus fears hampered expectations for demand. The Energy Select Sector SPDR ETF (XLE), a fund made up of the S&P; 500's energy stocks, had declined by 29% as of March 6.Now, energy prices and the sector's stocks face even more disruption. Saudi Arabia announced on March 8 that it would cut prices on oil deliveries by nearly 10%. The retaliatory move is aimed at Russia for not agreeing to a production cut to stabilize oil prices, but it's sure to be felt across the rest of the energy-producing world. Some analysts fear the move is the start of a new price war in oil."The prognosis for the oil market is even more dire than in November 2014, when such a price war last started, as it comes to a head with the significant collapse in oil demand due to the coronavirus," Goldman Sachs oil strategist Damien Courvalin wrote March 8. His firm is cutting its second- and third-quarter price forecasts for Brent crude oil (a world benchmark) to $30 per barrel, "with possible dips in prices to operational stress levels and well-head cash costs near $20." Brent traded around $45 per barrel just days before.The energy sector doesn't make up a huge percentage of most broad-market funds, but some funds are more insulated than others. Here, we look at seven great ETFs that will minimize your exposure to the chaos that's wrenching energy stocks. SEE ALSO: The 20 Best ETFs to Buy for a Prosperous 2020
Market volatility has been the new normal the past few weeks and for investors who want to dip their toes in the global market, they will have to do so strategically. This means looking at funds that can minimize volatility while at the same time, capture any upside in the markets like the iShares Edge MSCI Min Vol Global ETF (ACWV) . ACWV seeks to track the investment results of the MSCI ACWI Minimum Volatility (USD) Index.
The low volatility factor is getting plenty of love these days, and investors looking to ETFs to access that factor should remember it can be applied beyond the confines of U.S. borders. Reduced volatility can also work with a broad basket of global equities as highlighted by the iShares Edge MSCI Min Vol Global ETF (CBOE: ACWV) . ACWB “seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets,” according to iShares.