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How Oil’s Fall Has Impacted Energy ETFs

Robert Scott
How Oil’s Fall Has Impacted Energy ETFs

Between August 30 and September 6, 2018, the major energy ETFs had the following correlations with US crude oil October futures: the VanEck Vectors Oil Services ETF (OIH): 63.2% the Energy Select Sector SPDR ETF (XLE): 32.2% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 24.6% the Alerian MLP ETF (AMLP): 23.4%