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Will Energy ETFs Overcome Oil’s Weakness?

Robert Scott
Will Energy ETFs Overcome Oil’s Weakness?

On October 25–November 1, major energy ETFs had the following correlations with US crude oil December futures: the VanEck Vectors Oil Services ETF (OIH): -28% the Energy Select Sector SPDR ETF (XLE): -51% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): -58.5% the Alerian MLP ETF (AMLP): -78.6%