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Which Energy ETFs Could Capitalize on Oil’s Gains the Most?

Robert Scott
Which Energy ETFs Could Capitalize on Oil’s Gains the Most?

Between August 16 and August 23, 2018, the major energy ETFs had the following correlations with US crude oil October futures: the Energy Select Sector SPDR ETF (XLE): 79.9% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 69.7% the VanEck Vectors Oil Services ETF (OIH): 50% the Alerian MLP ETF (AMLP): 36.2%