In this piece, we will take a look at the five best performing energy ETFs in 2023. If you want to learn in detail about what is happening in the energy industry these days and how it has been one of the most dynamic sectors since the outbreak of the coronavirus pandemic in 2019, then check out 10 Best Performing Energy ETFs in 2023.
5. Alerian MLP ETF (NYSE:AMLP)
Year to date returns: 18.20%
Alerian MLP ETF (NYSE:AMLP) is a sizeable ETF with $7.12 billion in net assets. It is part of the ALPS fund family and was set up in 2010. Top stock picks are MPLX LP (NYSE:MPLX), Plains All American Pipeline, L.P. (NASDAQ:PAA), and Enterprise Products Partners L.P. (NYSE:EPD).
4. UBS ETRACS Alerian MLP Index ETN Series B (NYSE:AMUB)
Year to date returns: 21.27%
The UBS ETRACS Alerian MLP Index ETN Series B (NYSE:AMUB) is the fourth MLP ETF on our list. It is also one of the smaller ETFs in terms of its net assets, which are currently worth $73.29 million. The ETF is part of the UBS fund family and it was set up in 2015.
3. JPMorgan Alerian MLP Index ETN (NYSE:AMJ)
Year to date returns: 21.36%
JPMorgan Alerian MLP Index ETN (NYSE:AMJ) is a sizeable ETF with $2.95 billion in net assets. It is part of the JPMorgan fund family and was set up in 2009. The ETF invests primarily in midstream oil master limited partnerships (MLPs), which are those that are involved in transporting oil and gas from refineries or fields to other nodes in the supply chain.
2. VanEck Uranium+Nuclear Energy ETF (NYSE:NLR)
Year to date returns: 28.73%
VanEck Uranium+Nuclear Energy ETF (NYSE:NLR) is the second non pure play oil exchange traded fund on our list. It has $114 million in net assets, and the ETF is part of the VanEck fund family. The VanEck Uranium+Nuclear Energy ETF (NYSE:NLR) was set up in 2007, making it one of the oldest funds on our list. Its benchmark index is the MVIS Global Uranium & Nuclear Energy Index (MVNLRTR) index. This ETF is an equity ETF that invests in companies that are involved in the nuclear energy industry.
This limits the fund to investing into uranium mining companies, nuclear reactor manufacturers, nuclear energy producers, and companies that provide back end products and services to the nuclear energy industry. Some of the VanEck Uranium+Nuclear Energy ETF (NYSE:NLR)’s top stock picks are Constellation Energy Corporation (NASDAQ:CEG), Public Service Enterprise Group Incorporated (NYSE:PEG), PG&E Corporation (NYSE:PCG), and Cameco Corporation (TSX:CCO.TO).
1. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSE:MLPR)
Year to date returns: 29.82%
ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSE:MLPR) is a specialized exchange traded fund that tracks the Alerian MLP Index. It is quite a risky investment since it seeks to deliver 150% of the performance of the benchmark index. So while investing in the ETF yields profit when the index is rising, losses are also amplified during troubling times.
Disclosure: None. You can also take a look at 12 Best Vanguard ETFs for Portfolio Diversification and 10 Best Regional Bank ETFs.
