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Oil Impacts Energy ETFs and the Equity Market

Rabindra Samanta
Oil Impacts Energy ETFs and the Equity Market

On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Notably, US crude oil active […]