Energy is the second worst performer amongst S&P 500 sectors in Q2 (NYSEARCA:XLE)

The Energy Select Sector SPDR Fund ETF (NYSEARCA:XLE), which tracks the energy sector, fell 4.5% in the second quarter of 2024, exactly opposite to the performance of the broader S&P 500 index (SP500), which rose 4.6% during the same period.

The fund, composed of companies that are into oil production, drilling, refining, and transportation, found itself among the worst-performing S&P 500 sectors for the one-month period, trailing down 0.62%.