ETFs focusing on energy, oil services, and cannabis were top performers in October.
Top Performing ETFs for October 2022
Excludes ETFs leveraged or less than $500 million in assets
* VanEck Oil Services ETF, OIH +41.4%
* Energy Select Sector SPDR, XLE +25.0%
* Fidelity MSCI Energy Index ETF, FENY +24.3%
* Invesco S&P 500 Equal Weight Energy ETF, RYE +24.2%
* AdvisorShares Pure US Cannabis ETF, MSOS +24.1%
Stocks contributing to the performance of the above ETFs likely include ChampionX (CHX), Chevron (CVX), ConocoPhillips (COP), EOG Resources (EOG), Exxon Mobil (XOM), Green Thumb Inds (GTBIF), Halliburton (HAL), Helmerich & Payne (HP), Marathon Petroleum (MPC), Patterson-UTI Energy (PTEN), Phillips 66 (PSX), Schlumberger (SLB), Trulieve Cannabis (TCNNF), and Valero Energy (VLO).
Stay on top of the stock market with ‘Looking Back, Looking Forward’
Sign up free to receive Looking Back, Looking Forward in your Inbox.
How AlphaProfit's investment strategy minimizes your risk
How AlphaProfit keeps your fees and expenses low
Performance of model portfolios & recommendations in AlphaProfit's Premium Service investment newsletter
AlphaProfit's free and premium investment newsletters