5 Best Performing Energy ETFs in 2022

3. Vanguard Energy Index Fund (NYSE:VDE)

YTD Share Price Gain as of December 7: 48.74%

Vanguard Energy Index Fund (NYSE:VDE) seeks to track the investment performance of the MSCI US Investable Market Energy 25/50 Index. It is passively managed and uses a full-replication strategy when possible and a sampling strategy if there are regulatory constraints. The portfolio consisting of 107 stocks focuses on companies involved in the exploration and production of energy products such as oil, natural gas, and coal. The ETF offers an expense ratio of 0.10%. Vanguard Energy Index Fund (NYSE:VDE) is one of the best performing ETFs this year. 

One of the top holdings of Vanguard Energy Index Fund (NYSE:VDE) is Chevron Corporation (NYSE:CVX), a California-based company engaged in integrated energy and chemicals operations worldwide. On November 22, Citi analyst Alastair Syme raised the firm’s price target on Chevron Corporation (NYSE:CVX) to $180 from $155 and kept a Neutral rating on the shares.

According to Insider Monkey’s database, Chevron Corporation (NYSE:CVX) was part of 66 hedge fund portfolios at the end of Q3 2022, compared to 59 in the prior quarter. Warren Buffett’s Berkshire Hathaway held the largest position in the company, comprising 165.3 million shares worth $23.75 billion. 

In its Q1 2022 investor letter, Diamond Hill, an asset management firm, highlighted a few stocks and Chevron Corporation (NYSE:CVX) was one of them. Here is what the fund said:

“Other top contributors in Q1 included multinational energy company Chevron Corp. (NYSE:CVX). The company benefited from increased energy demand as COVID-related economic restrictions eased in tandem with concerns regarding supply interruptions related to Russia’s invasion of Ukraine.”