Looking at the sectors faring best as of midday Tuesday, shares of Utilities companies are outperforming other sectors, higher by 0.7%. Within that group, AES Corp (NYSE:AES) and NextEra Energy Inc (NYSE:NEE) are two large stocks leading the way, showing a gain of 1.7% and 1.6%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is up 0.9% on the day, and up 10.04% year-to-date. AES Corp, meanwhile, is up 10.89% year-to-date, and NextEra Energy Inc is up 12.55% year-to-date. Combined, AES and NEE make up approximately 19.2% of the underlying holdings of XLU.
The next best performing sector is the Energy sector, up 0.7%. Among large Energy stocks, Baker Hughes Company (NASDAQ:BKR) and Devon Energy Corp. (NYSE:DVN) are the most notable, showing a gain of 3.5% and 2.4%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.8% in midday trading, and up 60.69% on a year-to-date basis. Baker Hughes Company, meanwhile, is up 27.46% year-to-date, and Devon Energy Corp. is up 170.49% year-to-date. Combined, BKR and DVN make up approximately 4.7% of the underlying holdings of XLE.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, five sectors are up on the day, while three sectors are down.
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