U.S. Markets close in 4 hrs 33 mins

Which Energy ETFs Might Have Ignored Oil’s Decline?

Robert Scott
Which Energy ETFs Might Have Ignored Oil’s Decline?

Between August 2 and August 9, the major energy ETFs had the following correlation readings with US crude oil September futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 82.9% the Energy Select Sector SPDR ETF (XLE): 59.1% the VanEck Vectors Oil Services ETF (OIH): 7.2% the Alerian MLP ETF (AMLP): -38.5%