During the pandemic, investors may recall that oil prices even briefly dipped into negative territory. Now, with health officials administering COVID-19 vaccines and a potential end to the pandemic and some sort of normalcy resuming this year, demand for travel could be huge in 2021. And that means oil prices could continue to rise as consumers make up for lost time.
Exxon Mobil (NYSE:XOM) stock accounts for 23% of the fund’s weight while Chevron (NYSE:CVX) is not far behind at just under 20%. With a net expense ratio of 0.4%, the ETF isn’t terribly expensive and it can give you great exposure to the big names in the oil and gas industry. The fund also yields 3.8%.