Energy ETF

iShares U.S. Energy ETF Continues its Impressive Performance, Up by 59% YTD

iShares U.S. Energy ETF (IYE) is one of the best performing funds in the energy sector and could record further gains before the end of the year.

IYE Up by 59% YTD

The iShares U.S. Energy ETF (IYE) is a passively managed exchange-traded fund that offers retail and institutional investors broad exposure to the Energy – Broad segment of the equity market. IYE is sponsored by BlackRock and currently has more than $2.46 billion in assets under management, making it one of the biggest ETFs seeking to match the performance of the Energy – Broad segment of the stock market.

The ETF is designed to align with the performance of the Dow Jones U.S. Oil & Gas Index before fees and expenses. The Dow Jones U.S. Oil & Gas Index is crucial as it measures the performance of the energy sector of the United States stock market.

For IYE, the annual operation expenses currently stand at 0.41%, making it one of the cheapest funds in the space. The fund also has a 12-month trailing dividend yield of 2.63%. IYE has the heaviest allocation in the energy industry, approximately 98.60% of its portfolio.

Since the start of the year, the iShares U.S. Energy ETF has recorded a 59% increase in value. Over the past 12 months, IYE’s value is up by 105.28%, making it one of the best performing funds in the energy sector. The fund has traded between $15.53 and $32.06 over the past 52-weeks.

IYE
IYE ETF chart. Source: FXEMPIRE

IYE Could Top $35 Soon

IYE has been very consistent with its performance over the past 12 months. In the past three months, the fund’s value has increased by more than 21%. If the ETF maintains this current level of performance, then it could surpass the $35 level over the coming weeks and months.

At the time of writing, IYE is up by 0.11% and trading at $31.50 per share. The fund currently has a beta of 1.69 and a standard deviation of 40.48% for the past three years, making it a high-risk fund in the energy sector. Despite that, the fund has a more concentrated exposure than peers.