Whats tightly correlated to Oil?

T

trading1

EFTs like USO are not, they move down with oil but not up with oil and as a result are not too correlated. Are there any alternatives, any suggestions (apart from trading oil futures)?
 
Quote from trading1:

EFTs like USO are not, they move down with oil but not up with oil and as a result are not too correlated. Are there any alternatives, any suggestions (apart from trading oil futures)?
More...

Stay away from the USO and DXO because of the front-month roll.

Your purest correlation will be with the OIH, which is the Oil Drillers Index, comprised of RIG (17%), SLB (12%), and DO (9%).
 
thank you for the leads, I have a 200 day correlation with oil futures of:
oil 0.8
oih 0.88
iye 0.83
the others were way less
 
You must log in or register to reply here.
Back
Top