iShares US Oil Equipment & Services ETF

IEZ

Market cap $356M

Market predictions are not easy to make and looking at the YTD winners, there are some head-scratchers.  Let's take a closer look and make some sense out of the recent performance winners: wet and dry shipping; South Korea; and oil services ETFs.

If you're interested in broad exposure to the Energy - Equipment and services segment of the equity market, look no further than the iShares U.S. Oil Equipment & Services ETF (IEZ), a passively managed exchange traded fund launched on May 1, 2006.

IEZ: We Think Service Companies Could Bring Relevant Supply Online In Venezuela

Inflation eased in February, marking the first decline in five months. However, these sectors drove the inflation in February.

These sector ETFs and stocks may win amid cooling inflation.

IEZ focuses narrowly on oilfield services, with top-heavy holdings in Schlumberger and Baker Hughes, which dominate the ETF's performance. Despite a growing oilfield services market, IEZ's low AUM, low dividend yield, and underperformance compared to peers make it a hold. Technological advancements and diversification into renewables are driving growth, but oil price volatility remains a significant risk for IEZ.

U.S. inflation jumped in March, surpassing expectations primarily due to higher petrol and shelter costs, dashing hopes of a June interest rate cut by the Fed.

U.S. inflation jumped in March, surpassing expectations primarily due to higher petrol and shelter costs, dashing hopes of a June interest rate cut by the Fed.

Oil prices surged recently to their highest levels since October as investors closely monitored escalating geopolitical tensions in key regions. The improved demand outlook is another reason for which oil prices can go higher.

Energy has been the best-performing sector of March, driven by a sharp rise in oil prices. We have highlighted the five best-performing ETFs from the sector that led the market last month.