Gary Holdsworth

Assessing The Clean Energy ETF

Brett, another item about your correlation stats. One would want a low correlation (a negative correlation would be even better) vs. oil prices if alternative energy would be considered a good alternative investment to oil. A correlation coefficient of 0.15 vs. oil is very low.

I know your point is more to investing in conventional energy companies (XLE) versus alterative energy companies, but that oil correlation would have me smiling if I were looking for a hedge.

Regards,
Gary Holdsworth