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These Energy ETFs Are Struggling to Capitalize on Oil’s Gains

Robert Scott
These Energy ETFs Are Struggling to Capitalize on Oil’s Gains

Between July 19 and 26, 2018, major energy ETFs’ correlation with US crude oil September futures were as follows: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 93.8% the Energy Select Sector SPDR ETF (XLE): 84.9% the VanEck Vectors Oil Services ETF (OIH): 62% the Alerian MLP ETF (AMLP): 44.9%