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Have Equity Markets and Oil Limited Energy ETF Upside?

Robert Scott
Have Equity Markets and Oil Limited Energy ETF Upside?

Between April 19 and April 26, energy subsector ETFs’ correlations with US crude oil June futures were as follows: SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 86% Alerian MLP ETF (AMLP): 80.4% Energy Select Sector SPDR ETF (XLE): 77.3% VanEck Vectors Oil Services ETF (OIH): 70%