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Energy ETFs Are Bleeding

Robert Scott
Energy ETFs Are Bleeding

On December 13–20, major energy ETFs had the following correlations with US crude oil February futures: the Alerian MLP ETF (AMLP): 91.9% the Energy Select Sector SPDR ETF (XLE): 86.2% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 59.9% the VanEck Vectors Oil Services ETF (OIH): 7.4%