When crude blew through $100 this spring on the Hormuz disruption, two ETFs caught the bid hardest: SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) and VanEck Oil Services ETF (NYSEARCA:OIH).
The State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was launched on 06/19/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Energy ETFs category of the market.
The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) and the VanEck Oil Services ETF (NYSEARCA:OIH) both promise energy exposure, but they bet on different links in the same chain.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 6,265 | $809,141 | $1.02M | $210,675.7 | 26.04% |
| CE Curtis Ellergodt Rothschild Investment LLC | 253 | $34,638 | $41,183.34 | $6,545.34 | 18.9% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10,220 | $1.77M | $1.67M | -$107,138.18 | -6.04% |
Anthony Scaramucci SkyBridge Capital II LLC | 2,733 | $496,941 | $445,519.99 | -$51,421.01 | -10.35% |
Jeff Ameen Spire Wealth Management | 83 | $12,200.6 | $13,765.55 | $1,564.95 | 12.83% |
| ARCA Exchange | US Country |
The company in focus operates as an investment fund that aims to replicate the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. To achieve this objective, the fund employs a sampling strategy. This means that while it aims to invest most of its assets in the securities that make up the index, it may not hold all the securities in the exact proportions as they appear in the index. The policy of the fund mandates that at least 80% of its total assets are invested in the securities of the index. The S&P Oil & Gas Exploration & Production Select Industry Index, which the fund tracks, is a subset of the S&P Total Market Index (S&P TMI). This index specifically represents the oil and gas exploration and production sector, highlighting companies engaged in the exploration, extraction, and production of oil and natural gas.
The primary product offered by the fund is an investment vehicle that allows investors to gain exposure to the oil and gas exploration and production industry. By investing in this fund, shareholders indirectly invest in a portfolio of companies that are part of the S&P Oil & Gas Exploration & Production Select Industry Index. This includes a range of companies from those involved in the early stages of exploration to those engaged in the extraction and production of oil and natural gas. The fund's strategy involves a sampling approach to the index it tracks, meaning it selects a portion of the index's securities to achieve a similar performance, rather than replicating the index exactly. This method provides investors with a diversified exposure to the oil and gas sector, potentially mitigating risks associated with investing in individual stocks within this volatile industry.