As the global appetite for energy continues to increase rapidly, governments and corporations alike are devoting greater resources for the discovery of new energy sources as well as the development of more efficient technology in this domain. Prices of these invaluable resources continue to rise at a steady rate and the energy sector is clearly a lucrative investment option. ETFs are a superior option for forays into the industry as they reduce risks involved by holding widely diversified portfolios.

Below we will share with you 5 top best performing Energy ETFs Year to Date.

It has an annual expense ratio of 0.29% much lower than the category average of 0.58%.

DJ US OIL Equipment Services ( IEZ - ETF report ) This ETF tracks the Dow Jones U.S. Select Oil Equipment & Services index.

The top holdings in the ETF as of 5/31/2011 are Schumblerger, Haliburton and National Oilwell.

S&P Oil & Gas Exploration & Production ( XOP - ETF report ) seeks to replicate as close as possible the oil and gas exploration and production selection industry index.

This ETF has an annual expense ratio of 0.35% compared to the category average of 0.58% and has a low turnover ratio of 33%.

Powershares Dynamic Oil Services ( PXJ - ETF report ) this ETF tracks the Dynamic OIl Services Intellidex Index.

PXJ's biggest holdings as of 5/31/2011 are National Oilwell Varco and Weatherford International.

Powershares Dynamic Energy (PXI) seeks to replicate the Dynamic Energy Sector Intellidex Index, which consists of Energy companies thare are involved in the production and distribution of energy.

This ETF has an annual expense ratio of 0.65% higher than the category average of 0.58%.

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