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Are Energy ETFs Ignoring Cues from the Equity Markets?

Robert Scott
Are Energy ETFs Ignoring Cues from the Equity Markets?

Between May 10 and May 17, major energy ETFs’ correlations with US crude oil June futures were as follows: VanEck Vectors Oil Services ETF (OIH): 60.4% SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 42.1% Alerian MLP ETF (AMLP): 24.9% Energy Select Sector SPDR ETF (XLE): 8.8%