U.S. Markets close in 4 hrs 26 mins

Correlation between US Crude Oil and Energy ETFs

Robert Scott
Correlation between US Crude Oil and Energy ETFs

On August 23–30, the major energy ETFs had the following correlations with US crude oil October futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 96.6% the Alerian MLP ETF (AMLP): 71.7% the Energy Select Sector SPDR ETF (XLE): 49.5% the VanEck Vectors Oil Services ETF (OIH): 41.7%