oil tankers, ETFs, individual stocks performance comparison

1 year performance (taking into account of dividends re-investment):

JOY> STNG>OXY>XEG>FLNG>XLE>FCG>XOP>OIH

What's the implication?

JOY: small cap Canadian stocks which is very aggressive , high beta with oil

STNG: tankers, benefited from the Ukraine war and would continue to be so assume the war goes on

OXY: no hedges on, relatively small, Warren buffets holdings. Less likely to be shorted by short-sellers because short sellers know Buffett would be buying when it dips

XEG: Canadian ETFs. Have a better sharp ratio than US ETFs. Why? Because not many people could short it and the trading volume is low. Politically Canada is more 'stable' than USA, less chance they would be targeted by politician on windfall tax

FLNG: similar to STNG?

XLE: US big caps

FCG: performed not that good maybe due to the freeman port explosion, may catch up later once the port is fixed

XOP: more spread out than XLE

OIH: oil refineries technology and related equipment companies. Not in its hay days yet unless there are more refinery activities, which is currently not politically feasible. However it would catch-up if there are more oil exploration activities in the future.