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Which Energy ETFs Benefited the Most From Oil’s Recovery?

Robert Scott
Which Energy ETFs Benefited the Most From Oil’s Recovery?

Between July 12 and 19, major energy ETFs’ correlation with US crude oil August futures was as follows: The SPDR S&P Oil & Gas Exploration & Production ETF’s (XOP) was 98.1%. The Energy Select Sector SPDR ETF’s (XLE) was 90.8%. The VanEck Vectors Oil Services ETF’s (OIH) was 75.3%. The Alerian MLP ETF’s (AMLP) was 68.7%.