摘要
本研究以2016年1月至2020年12月為區間彙整了USO、VDE、XES、XLE、XOP、PSCE、DBE、FCG、FRAK、IEZ、IGE、IXC、IYE、KOL與OIH等15檔國際能源ETF的主要成份股，以瞭解全球主要能源產業組成，再根據各檔ETF的淨值，計算持有能源ETF的投資績效，並與相關能源指數進行比較，計算能源ETF的相關風險指標，並根據歷史模擬法，探討其風險值的區間，並將其加以分類比對分析。 研究結果顯示，在2016至2020年因各國際主要油國暗潮洶湧的激烈競爭以及於2020年初爆發之國際疫情肆虐的背景下造成國際能源價格的不穩，進而導致各類能源金融商品績效表現普遍不佳，石油及天然氣類ETF之最大及最小月均報酬率甚至達到84.82%及-45.47%的差距，而煤炭及非傳統油氣類則以5年平均月報酬率0.35%、夏普值0.118的績效則表現顯得相對平穩。
並列摘要
This study aggregates the main constituent stocks of 15 international energy ETFs, including USO, VDE, XES, XLE, XOP, PSCE, DBE, FCG, FRAK, IEZ, IGE, IXC, IYE, KOL and OIH, and the composition of major global energy industries. According to the net value of each ETF, calculate the investment performance of holding energy ETFs, then compare with related energy indexes, calculate the related risk, and explore the range of their values at risk based on the historical simulation method. In recent years, due to the fierce conflict between major international oil countries and the raging international epidemic in early 2020, energy financial products have generally performed poorly, but coal and non-traditional oil and gas are still relatively expected to perform more prominently, And with the advent of the COVID-19 vaccine in early 2021, global economic activities have gradually recovered, and the prices of energy raw materials have risen accordingly. We believe this situation will drive the performance of energy funds.