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What’s Dragging Energy ETFs?

Robert Scott
What’s Dragging Energy ETFs?

On November 15–21, major energy ETFs had the following correlations with US crude oil January futures: the VanEck Vectors Oil Services ETF (OIH): 99.2% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 96.2% the Energy Select Sector SPDR ETF (XLE): 94.8% the Alerian MLP ETF (AMLP): 92.6%