Energy Sector Seasonality
How S&P 500 energy stocks have behaved through the calendar year, measured with XLE, the Energy Select Sector SPDR Fund, over the last 15 years. Its strongest month has been April (average +2.94%, higher in 8 of 15 years), and its weakest August (−1.56%, higher in 6 of 15).
Energy seasonality chart
Energy stocks seasonality by month
XLE has beaten the S&P 500 (SPY) on average in 4 of the 12 months, with its biggest edge in April (+1.76%).
| Month | XLE avg | Higher in | SPY avg |
|---|---|---|---|
| January | +2.05% | 9 of 15 yrs | +1.28% |
| February | +1.75% | 10 of 15 yrs | +1.12% |
| March | +0.28% | 10 of 15 yrs | +0.57% |
| April | +2.94% | 8 of 15 yrs | +1.18% |
| May | −0.90% | 7 of 15 yrs | +1.03% |
| June | +0.78% | 8 of 15 yrs | +1.37% |
| July | +0.75% | 9 of 15 yrs | +2.70% |
| August | −1.56% | 6 of 15 yrs | +0.16% |
| September | −1.33% | 8 of 15 yrs | −1.16% |
| October | +2.46% | 6 of 15 yrs | +2.17% |
| November | +2.40% | 9 of 15 yrs | +3.29% |
| December | −0.91% | 8 of 15 yrs | +0.31% |
From split- and dividend-adjusted prices, complete years only. See our methodology. Past performance does not guarantee future results.
Energy stocks in the S&P 500
21 stocks, largest first by market cap as of November 2026. Open any one for its own seasonality chart and best months.
Energy seasonality FAQ
What is the best month for energy stocks?
Measured by XLE over the last 15 years, April has been the strongest month, averaging +2.94% and rising in 8 of 15 years.
What is the worst month for energy stocks?
August has been the weakest, averaging −1.56% and rising in 6 of 15 years.
Which stocks are in the energy sector?
The 21 S&P 500 energy stocks listed on this page, led by XOM, CVX, COP, MPC, VLO by market cap.
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