What's the difference between these 2 stocks?

Exdee

Ok, I'm looking at putting some money into an oil ETF.

I've decided on Energy Select Sector, now everything I search for in google comes up with ticker XLE.

The online broker I use, (youinvest) only has Energy Select Sector SXLE. Which looks very very similar to XLE however it only shows just over a year of trading and also there is no mention anywhere of dividends.

It's the dividends I am most interest in, and am attracted to the dividends shown in XLE but there is nothing to show in the one available to me, SXLE..

What is the difference between these 2? Will I still earn dividends on SXLE Energy Select Sector?

Also, it shows there is a 0.01% difference in expense ratio.. why? Is there anything else different between these I should be aware of?

Very confused, Help please.

george4064

One is traded on NYSEARCA and the other is traded on SWX (Swiss exchange).

On top of the ETFs charges, you are going to incur (probably high) dealing charges, FX charges (as they both trade in USD) and potentially a hefty holding fee from your platform for holding a foreign listed security.

One thing you need to be careful of (you need to check this with your platform), is that with any dividends you may be stung with the FX charge, especially if you intend to re-invest any dividends.

Good luck, my advice is stay clear from ETF products traded in currencies other than GBP because of the various (high) costs incurred.