ℹ️ Skipped - page is already crawled
| Filter | Status | Condition | Details |
|---|---|---|---|
| HTTP status | PASS | download_http_code = 200 | HTTP 200 |
| Age cutoff | PASS | download_stamp > now() - 6 MONTH | 1 months ago (distributed domain, exempt) |
| History drop | PASS | isNull(history_drop_reason) | No drop reason |
| Spam/ban | PASS | fh_dont_index != 1 AND ml_spam_score = 0 | ml_spam_score=0 |
| Canonical | PASS | meta_canonical IS NULL OR = '' OR = src_unparsed | Not set |
| Property | Value |
|---|---|
| URL | https://finance.yahoo.com/video/uso-vs-xle-energy-etf-160000197.html |
| Last Crawled | 2026-03-11 18:18:56 (29 days ago) |
| First Indexed | not set |
| HTTP Status Code | 200 |
| Meta Title | USO vs. XLE: Which energy ETF do you play amid oil volatility? |
| Meta Description | In the latest installment of Yahoo Finance's ETF Report, BNY global head of ETFs Ben Slavin chats with Julie Hyman about the increased trading volume in the United States Oil Fund ETF (USO) as oil price (CL=F, BZ=F) volatility swings back and forth; oil prices are settling back below $90 per barrel on Wednesday. Slavin goes on to compare the USO fund with the broader State Street Energy Select Sector ETF (XLE). The Bank of New York Mellon is the administrator of the USO ETF. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. |
| Meta Canonical | null |
| Boilerpipe Text | In the latest installment of Yahoo Finance's
ETF Report
, BNY global head of ETFs Ben Slavin chats with
Julie Hyman
about the increased trading volume in the United States Oil Fund ETF (
USO
) as oil price (
CL=F
,
BZ=F
) volatility swings back and forth; oil prices are settling back below $90 per barrel on Wednesday.
Slavin goes on to compare the USO fund with the broader State Street Energy Select Sector ETF (
XLE
).
The Bank of New York Mellon is the administrator of the USO ETF.
To watch more expert insights and analysis on the latest market action, check out more
Market Catalysts
.
00:00
Speaker A
Oil markets of course have been surging in the war uh amidst the war uh in Iran. So let's talk about what this means for the ETF market.
00:09
Speaker A
The NYSE's Global Head of ETFs Ben Slavin is joining me now for this week's ETF report brought to you by PIMco.
00:15
Speaker A
So just for folks who are not familiar, Ben, you've got USO, which actually has oil futures. And then you have stuff like XLE, which is energy stocks. So just for people who aren't familiar. But USO, just like we have seen this incredible volatility and action in the price of oil, we've been seeing it in USO also.
00:41
Ben Slavin
Yes. I mean, USO has been around for 20 years and in the last two days, we've seen record volume. It's really incredible to see. and you've seen more than 30 billion in volume uh in those two days. So investors turning to ETFs and in this case, USO to really uh be able to trade what's happening in the crude markets.
01:07
Speaker A
I'm so curious like where is this coming from? Who's doing this? In other words, like there are commodities traders who are in oil all the time. They're probably trading crude oil futures whether it be WTI or crude, maybe less so on the ETF side. I don't know. But who like so where is this volume coming from?
01:31
Ben Slavin
It's a great question. ETFs have continued to grow. So just this year alone, we have seen more than 6 billion a day in the first two months of the year come into ETF. So the the short answer is everybody. We're seeing retail, institutional, and also advisor-driven money. In some of these products, certainly they're more um uh skewed towards institutional investors that use these type of products. But we are seeing retail come in and then there's a a wide range of other products. You mentioned um some of the energy sector products and some of the more thematic plays and those have attracted more or tended to attracted more uh advisor and retail money.
02:22
Speaker A
I mean, the thing is, okay, when you're getting into something like USO, you're subject to the extraordinary volatility. You know, yesterday, of course, you saw Chris Wright, the Energy Secretary, put out a tweet on X that talked about maybe US ships escorting other ships through the straight of Ramus, then they deleted the tweet. So that created all of this whipsawying within the oil market. So, I guess what I'm asking is, are ETF investors prepared for that? Like do people know what they're in for if they're maybe piling into products that they they didn't typically look at while this war is going on?
03:09
Ben Slavin
Without a doubt, it is important to do your homework. And maybe that's more important than ever given the explosion we've seen in the number of products simply available. I mean, we had more than a thousand new ETFs launched just last year. So, for investors to really understand what they're buying and how that product is going to behave, especially when you see the type of volatility that we've seen over the last couple weeks is incredibly important. And I think that allows investors to play a wide variety of strategies. So some, I think what you're alluding to could just be purely for speculation, trying to play um the volatility in the oil markets. But others are using products to hedge their position. Or, you know, or in some cases to provide a short. So there's a lot of ways to use ETFs to express different types of views. So, in some ways you can say it was made for this moment, but you got to do your homework because of again, they're not all created equal.
04:15
Speaker A
So let's drill down, pun not intended, on USO versus the XLE, right? The oil itself versus the energy stocks and how investors should be thinking about um advantages and disadvantages or characteristics of each as they're trying to trade this.
04:36
Ben Slavin
Yeah, it's another great question. I mean, look, when you see a product like USO, obviously that product is designed to give you exposure to crude oil um through the futures market. When you look at a product like XLE or the wide variety of other sector or thematic products, those products are very different. They're holding a basket of energy themed stocks. And though those stocks obviously provide a different return stream than you would if you were just investing directly in crude. They hold companies that of course have exposure to the energy markets, of course they have exposure to oil, but they also do a wide variety of other things. Of course, these are stocks like Exon that are widely diversified. So some of these products do provide a different type of diversification for sure versus just the crude or the spot products. But then at the same time, uh you have to be careful and understand what return you're actually getting and how they're going to behave in these volatile markets. And it's a great jux to position between the two.
05:44
Speaker A
Since uh the war began, have besides this like sort of, you know, record-breaking action in the oil linked names. Is there anything else that's sort of stood out to you recently as as being unusual volume-wise or otherwise?
06:06
Ben Slavin
Yeah, I mentioned that stat, that incredible stat of the $6 billion a day we saw in the first two months. It's been still quite elevated here early March. So the short answer is money in motion. And what we have seen is some pullback, um from a risk-taking perspective and some early signs of rotation. Certainly we've seen money come out of equities in the last few days. We've seen money come into fixed income, more of that money coming into the short end of the curve, which clearly, you know, shows some, you know, risk off type of behavior, at least an early sign. At the same time, you are seeing um a slow start to a rotation again out of US equities into international again. Now, whether that's um, you know, part of the geopolitical story or just again, playing the dollar, um, interesting, uh interesting to see what happens. So there are some early signs there from ETF investors. would not call it a trend yet, but again, interesting to note uh again alongside the price action we've seen in oil.
07:18
Speaker A
Yeah, well, when you come back next time, we'll see if it's a trend yet. We'll keep track of it. Thanks so much, Ben, appreciate it.
07:23
Ben Slavin
Thanks for having me.
Weʼre unable to load stories right now. |
| Markdown | Oops, something went wrong
[Skip to navigation](https://finance.yahoo.com/video/uso-vs-xle-energy-etf-160000197.html#navigation-container) [Skip to main content](https://finance.yahoo.com/video/uso-vs-xle-energy-etf-160000197.html#nimbus-app) [Skip to right column](https://finance.yahoo.com/video/uso-vs-xle-energy-etf-160000197.html#right-rail)
### [News](https://www.yahoo.com/)
- [Today's news](https://www.yahoo.com/news/)
- [US](https://www.yahoo.com/news/us/)
- [Politics](https://www.yahoo.com/news/politics/)
- [World](https://www.yahoo.com/news/world/)
- [Weather](https://weather.yahoo.com/)
- [Climate change](https://www.yahoo.com/issues/climate-change/)
- [Health](https://health.yahoo.com/)
- [Wellness](https://health.yahoo.com/wellness/)
- [Mental health](https://health.yahoo.com/wellness/mental-health/)
- [Sexual health](https://health.yahoo.com/wellness/sexual-health/)
- [Dermatology](https://health.yahoo.com/wellness/dermatology/)
- [Oral health](https://health.yahoo.com/wellness/oral-health/)
- [Hair loss](https://health.yahoo.com/wellness/hair-loss/)
- [Foot health](https://health.yahoo.com/wellness/foot-health/)
- [Nutrition](https://health.yahoo.com/nutrition/)
- [Healthy eating](https://health.yahoo.com/nutrition/healthy-eating/)
- [Meal delivery](https://health.yahoo.com/nutrition/meal-delivery/)
- [Weight loss](https://health.yahoo.com/nutrition/weight-loss/)
- [Vitamins and supplements](https://health.yahoo.com/nutrition/vitamins-supplements/)
- [Fitness](https://health.yahoo.com/fitness/)
- [Equipment](https://health.yahoo.com/fitness/equipment/)
- [Exercise](https://health.yahoo.com/fitness/exercise/)
- [Women's health](https://health.yahoo.com/womens-health/)
- [Sleep](https://health.yahoo.com/sleep/)
- [Healthy aging](https://health.yahoo.com/healthy-aging/)
- [Hearing](https://health.yahoo.com/healthy-aging/hearing/)
- [Mobility](https://health.yahoo.com/healthy-aging/mobility/)
- [Science](https://www.yahoo.com/news/science/)
- [Originals](https://www.yahoo.com/guides/originals/)
- [Newsletters](https://news.yahoo.com/newsletters/)
- [Games](https://www.yahoo.com/games)
### [Life](https://www.yahoo.com/lifestyle/)
- [Health](https://health.yahoo.com/)
- [Wellness](https://health.yahoo.com/wellness/)
- [Nutrition](https://health.yahoo.com/wellness/nutrition/)
- [Fitness](https://health.yahoo.com/wellness/fitness/)
- [Healthy aging](https://health.yahoo.com/wellness/healthy-aging/)
- [Sleep](https://health.yahoo.com/wellness/sleep/)
- [Your body](https://health.yahoo.com/your-body/)
- [Children's health](https://health.yahoo.com/your-body/childrens-health/)
- [Dermatology](https://health.yahoo.com/your-body/dermatology/)
- [Foot health](https://health.yahoo.com/your-body/foot-health/)
- [Hair loss](https://health.yahoo.com/your-body/hair-loss/)
- [Oral health](https://health.yahoo.com/your-body/oral-health/)
- [Sexual health](https://health.yahoo.com/your-body/sexual-health/)
- [Weight management](https://health.yahoo.com/your-body/weight-management/)
- [Women's health](https://health.yahoo.com/your-body/womens-health/)
- [Conditions](https://health.yahoo.com/conditions/)
- [Cardiovascular health](https://health.yahoo.com/conditions/cardiovascular-health/)
- [Digestive health](https://health.yahoo.com/conditions/digestive-health/)
- [Endocrine system](https://health.yahoo.com/conditions/endocrine-system/)
- [Hearing](https://health.yahoo.com/conditions/hearing/)
- [Mental health](https://health.yahoo.com/conditions/mental-health/)
- [Parenting](https://www.yahoo.com/lifestyle/family-relationships/)
- [Family health](https://www.yahoo.com/lifestyle/family-relationships/)
- [So mini ways](https://www.yahoo.com/guides/so-mini-ways/)
- [Style and beauty](https://www.yahoo.com/lifestyle/style-beauty/)
- [It Figures](https://www.yahoo.com/guides/it-figures/)
- [Unapologetically](https://www.yahoo.com/guides/unapologetically/)
- [Horoscopes](https://www.yahoo.com/lifestyle/horoscope/)
- [Shopping](https://shopping.yahoo.com/)
- [Style](https://shopping.yahoo.com/style/)
- [Accessories](https://shopping.yahoo.com/style/accessories/)
- [Clothing](https://shopping.yahoo.com/style/clothing/)
- [Luggage](https://shopping.yahoo.com/style/luggage/)
- [Shoes](https://shopping.yahoo.com/style/shoes/)
- [Beauty](https://shopping.yahoo.com/beauty/)
- [Fragrance](https://shopping.yahoo.com/beauty/fragrance/)
- [Hair](https://shopping.yahoo.com/beauty/hair/)
- [Makeup](https://shopping.yahoo.com/beauty/makeup/)
- [Nails](https://shopping.yahoo.com/beauty/nails/)
- [Skincare](https://shopping.yahoo.com/beauty/skincare/)
- [Sunscreen](https://shopping.yahoo.com/beauty/sunscreen/)
- [Health](https://shopping.yahoo.com/health/)
- [Dental](https://shopping.yahoo.com/health/dental/)
- [Fitness](https://shopping.yahoo.com/health/fitness/)
- [Hair loss](https://shopping.yahoo.com/health/hair-loss/)
- [Hearing](https://shopping.yahoo.com/health/hearing/)
- [Mental health](https://shopping.yahoo.com/health/mental-health/)
- [Mobility](https://shopping.yahoo.com/health/mobility/)
- [Nutrition](https://shopping.yahoo.com/health/nutrition/)
- [Personal care](https://shopping.yahoo.com/health/personal-care/)
- [Sexual health](https://shopping.yahoo.com/health/sexual-health/)
- [Sleep](https://shopping.yahoo.com/health/sleep/)
- [Women's health](https://shopping.yahoo.com/health/womens-health/)
- [Home decor](https://shopping.yahoo.com/home-garden/home-decor/)
- [Home and garden](https://shopping.yahoo.com/home-garden/)
- [Bath](https://shopping.yahoo.com/home-garden/bath/)
- [Bedding](https://shopping.yahoo.com/home-garden/bedding/)
- [Cleaning](https://shopping.yahoo.com/home-garden/cleaning/)
- [Gardening](https://shopping.yahoo.com/home-garden/gardening/)
- [Home decor](https://shopping.yahoo.com/home-garden/home-decor/)
- [Home improvement](https://shopping.yahoo.com/home-garden/home-improvement/)
- [Kitchen](https://shopping.yahoo.com/home-garden/kitchen/)
- [Outdoor](https://shopping.yahoo.com/home-garden/outdoor/)
- [Pets](https://shopping.yahoo.com/pets/)
- [Tech](https://shopping.yahoo.com/tech/)
- [Accessories](https://shopping.yahoo.com/tech/accessories/)
- [Audio](https://shopping.yahoo.com/tech/audio/)
- [Auto](https://shopping.yahoo.com/tech/auto/)
- [Computers](https://shopping.yahoo.com/tech/computing/)
- [Phones](https://shopping.yahoo.com/tech/phones/)
- [Smart home](https://shopping.yahoo.com/tech/smart-home/)
- [Streaming](https://shopping.yahoo.com/tech/streaming/)
- [TVs](https://shopping.yahoo.com/tech/tvs/)
- [Gift ideas](https://shopping.yahoo.com/gift-ideas/)
- [Best gifts for men](https://shopping.yahoo.com/gift-ideas/article/best-gift-ideas-for-men-200430444.html)
- [Best gift cards](https://shopping.yahoo.com/gift-ideas/article/best-gift-cards-184432258.html)
- [Best gifts for mom](https://shopping.yahoo.com/gift-ideas/article/best-gifts-for-mom-172933189.html)
- [Best gifts for teens](https://shopping.yahoo.com/gift-ideas/article/best-gifts-for-teens-185109070.html)
- [Best gifts for couples](https://shopping.yahoo.com/gift-ideas/article/the-best-gifts-for-couples-that-theyll-both-enjoy-172612914.html)
- [Best gifts for sister-in-law](https://shopping.yahoo.com/gift-ideas/article/best-gifts-for-sister-in-law-183727870.html)
- [Best gifts for girlfriends](https://www.yahoo.com/lifestyle/gift-ideas/article/best-gifts-for-girlfriend-181221554.html)
- [Best gifts for grandma](https://shopping.yahoo.com/gift-ideas/article/best-gifts-for-grandma-161601644.html)
- [Best gifts for sisters](https://shopping.yahoo.com/gift-ideas/article/best-gifts-for-sisters-201742159.html)
- [Best gifts for husbands](https://shopping.yahoo.com/gift-ideas/article/best-gifts-for-husband-164048138.html)
- [Best birthday gifts for her](https://shopping.yahoo.com/gift-ideas/article/birthday-gifts-for-her-214215513.html)
- [Best get well soon gifts](https://shopping.yahoo.com/gift-ideas/article/best-get-well-soon-gifts-163733353.html)
- [Best travel gifts](https://shopping.yahoo.com/gift-ideas/article/the-best-travel-gifts-for-the-jet-setters-in-your-life-according-to-frequent-fliers-173720063.html)
- [Best gifts for mother-in-law](https://shopping.yahoo.com/gift-ideas/article/best-gifts-for-mother-in-law-170519303.html)
- [Best anniversary gifts for wife](https://shopping.yahoo.com/gift-ideas/article/anniversary-gift-wife-180730480.html)
- [Stores](https://shopping.yahoo.com/stores/)
- [Amazon](https://shopping.yahoo.com/stores/amazon/)
- [Best Buy](https://shopping.yahoo.com/stores/best-buy/)
- [Coach Outlet](https://shopping.yahoo.com/stores/coach-outlet/)
- [Home Depot](https://shopping.yahoo.com/stores/home-depot/)
- [Kate Spade New York](https://shopping.yahoo.com/stores/kate-spade-new-york/)
- [Lowes](https://shopping.yahoo.com/stores/lowes/)
- [Macy's](https://shopping.yahoo.com/stores/macys/)
- [Nordstrom](https://shopping.yahoo.com/stores/nordstrom/)
- [Sephora](https://shopping.yahoo.com/stores/sephora/)
- [Sur La Table](https://shopping.yahoo.com/stores/sur-la-table/)
- [Target](https://shopping.yahoo.com/stores/target/)
- [Ulta](https://shopping.yahoo.com/stores/ulta-beauty/)
- [Walmart](https://shopping.yahoo.com/stores/walmart/)
- [Wayfair](https://shopping.yahoo.com/stores/wayfair/)
- [Zappos](https://shopping.yahoo.com/stores/zappos/)
- [Shopping Guides](https://shopping.yahoo.com/guides/)
- [Best cordless stick vacuums](https://shopping.yahoo.com/home-garden/cleaning/article/best-cordless-stick-vacuums-194920452.html)
- [Best water bottles](https://shopping.yahoo.com/home-garden/kitchen/article/best-water-bottles-151922237.html)
- [Best vacuums](https://shopping.yahoo.com/home-garden/cleaning/article/best-vacuums-tested-and-reviewed-220428339.html)
- [Best air fryers](https://shopping.yahoo.com/home-garden/kitchen/article/best-air-fryers-191551179.html)
- [Best luggage](https://shopping.yahoo.com/style/luggage/article/best-luggage-185322761.html)
- [Best jeans](https://shopping.yahoo.com/style/clothing/article/best-jeans-193623018.html)
- [Best bras](https://shopping.yahoo.com/style/clothing/article/best-bras-152359298.html)
- [Best nontoxic nail polish](https://shopping.yahoo.com/beauty/nails/article/the-best-non-toxic-nail-polish-201830177.html)
- [Best under eye cream](https://shopping.yahoo.com/beauty/skincare/article/best-under-eye-creams-223255282.html)
- [Best skin tightening creams](https://shopping.yahoo.com/beauty/skincare/article/best-skin-tightening-creams-212112383.html)
- [Best coffee makers](https://shopping.yahoo.com/home-garden/kitchen/article/best-single-serve-coffee-maker-215624408.html)
- [Best comforters](https://shopping.yahoo.com/home-garden/bedding/article/best-comforters-182052430.html)
- [Best mops](https://shopping.yahoo.com/home-garden/cleaning/article/best-mops-191618379.html)
- [Best Hoka shoes for walking](https://shopping.yahoo.com/style/shoes/article/best-hoka-shoes-for-walking-153232234.html)
- [Best instant pot](https://shopping.yahoo.com/home-garden/kitchen/article/best-instant-pot-191632372.html)
- [Deals](https://shopping.yahoo.com/deals/)
- [Toys and games](https://shopping.yahoo.com/toys-games/)
- [General](https://shopping.yahoo.com/general/)
- [Food](https://www.yahoo.com/lifestyle/food-drink/)
- [Travel](https://travel.yahoo.com/)
- [Autos](https://autos.yahoo.com/)
- [EV & Future Tech](https://autos.yahoo.com/ev-and-future-tech/)
- [Classic & Collector](https://autos.yahoo.com/classic-and-collector/)
- [Deals & Buying Guides](https://autos.yahoo.com/deals-and-buying-guides/)
- [Ownership](https://autos.yahoo.com/ownership/)
- [Safety & Recalls](https://autos.yahoo.com/safety-and-recalls/)
- [Policy & Environment](https://autos.yahoo.com/policy-and-environment/)
- [New Vehicles & Reviews](https://autos.yahoo.com/new-vehicles-and-reviews/)
- [Auto Shows](https://autos.yahoo.com/auto-shows/)
- [General](https://autos.yahoo.com/general/)
- [People & Culture](https://autos.yahoo.com/people-and-culture/)
- [Gift ideas](https://shopping.yahoo.com/gift-ideas/)
- [Buying guides](https://shopping.yahoo.com/guides/)
### [Entertainment](https://www.yahoo.com/entertainment/)
- [Celebrity](https://www.yahoo.com/entertainment/celebrity/)
- [TV](https://www.yahoo.com/entertainment/tv/)
- [Movies](https://www.yahoo.com/entertainment/movies/)
- [Music](https://www.yahoo.com/entertainment/music/)
- [How to Watch](https://www.yahoo.com/guides/how-to-watch/)
- [Interviews](https://www.yahoo.com/guides/interviews/)
- [Videos](https://www.yahoo.com/guides/videos/)
### [Finance](https://finance.yahoo.com/)
- [My Portfolio](https://finance.yahoo.com/portfolios/)
- [News](https://finance.yahoo.com/news/)
- [Latest](https://finance.yahoo.com/topic/latest-news/)
- [Originals](https://finance.yahoo.com/topic/yahoo-finance-originals/)
- [Newsletters](https://finance.yahoo.com/news/sign-up-for-yahoo-finances-morning-brief-174158888.html/)
- [Stock market](https://finance.yahoo.com/topic/stock-market-news/)
- [Crypto](https://finance.yahoo.com/topic/crypto/)
- [Earnings](https://finance.yahoo.com/topic/earnings/)
- [Tariffs](https://finance.yahoo.com/topic/tariffs/)
- [Tax Insights via H\&R Block](https://finance.yahoo.com/topic/hrb-2026/)
- [More Topics](https://finance.yahoo.com/news/)
- [Economies](https://finance.yahoo.com/topic/economic-news/)
- [Tech](https://finance.yahoo.com/topic/tech/)
- [Housing](https://finance.yahoo.com/topic/housing-market/)
- [Markets](https://finance.yahoo.com/markets/)
- [Stocks](https://finance.yahoo.com/markets/stocks/)
- [Most active](https://finance.yahoo.com/markets/stocks/most-active/)
- [Day gainers](https://finance.yahoo.com/markets/stocks/gainers/)
- [Day losers](https://finance.yahoo.com/markets/stocks/losers/)
- [Trending](https://finance.yahoo.com/markets/stocks/trending/)
- [Highest dividend](https://finance.yahoo.com/markets/stocks/highest-dividend/)
- [Small cap](https://finance.yahoo.com/markets/stocks/small-cap-stocks/)
- [Large cap](https://finance.yahoo.com/markets/stocks/large-cap-stocks/)
- [Most expensive](https://finance.yahoo.com/markets/stocks/most-expensive-stocks/)
- [Highest beta](https://finance.yahoo.com/markets/stocks/highest-beta-stocks/)
- [Pink sheet](https://finance.yahoo.com/markets/stocks/pink-sheet-stocks/)
- [Unusual volume](https://finance.yahoo.com/markets/stocks/unusual-volume-stocks/)
- [Crypto](https://finance.yahoo.com/markets/crypto/all/)
- [Most active](https://finance.yahoo.com/markets/crypto/most-active/)
- [Day gainers](https://finance.yahoo.com/markets/crypto/gainers/)
- [Day losers](https://finance.yahoo.com/markets/crypto/losers/)
- [Prediction markets](https://finance.yahoo.com/markets/prediction/trending/)
- [Finance](https://finance.yahoo.com/markets/prediction/finance/)
- [Crypto](https://finance.yahoo.com/markets/prediction/crypto/)
- [Equities](https://finance.yahoo.com/markets/prediction/equities/)
- [Earnings](https://finance.yahoo.com/markets/prediction/earnings/)
- [Tech](https://finance.yahoo.com/markets/prediction/tech/)
- [Economy](https://finance.yahoo.com/markets/prediction/economy/)
- [Private companies](https://finance.yahoo.com/markets/private-companies/highest-valuation/)
- [52 week gainers](https://finance.yahoo.com/markets/private-companies/52-week-gainers/)
- [Recently funded](https://finance.yahoo.com/markets/private-companies/recently-funded/)
- [Most funded](https://finance.yahoo.com/markets/private-companies/most-funded/)
- [Options](https://finance.yahoo.com/markets/options/most-active/)
- [Day gainers](https://finance.yahoo.com/markets/options/gainers/)
- [Day losers](https://finance.yahoo.com/markets/options/losers/)
- [Highest open interest](https://finance.yahoo.com/markets/options/highest-open-interest/)
- [Highest implied volatility](https://finance.yahoo.com/markets/options/highest-implied-volatility/)
- [Sectors](https://finance.yahoo.com/sectors/)
- [Technology](https://finance.yahoo.com/sectors/technology/)
- [Financial services](https://finance.yahoo.com/sectors/financial-services/)
- [Consumer cyclical](https://finance.yahoo.com/sectors/consumer-cyclical/)
- [Communication services](https://finance.yahoo.com/sectors/communication-services/)
- [Healthcare](https://finance.yahoo.com/sectors/healthcare/)
- [Industrials](https://finance.yahoo.com/sectors/industrials/)
- [Consumer defensive](https://finance.yahoo.com/sectors/consumer-defensive/)
- [Energy](https://finance.yahoo.com/sectors/energy/)
- [Basic materials](https://finance.yahoo.com/sectors/basic-materials/)
- [Real estate](https://finance.yahoo.com/sectors/real-estate/)
- [Utilities](https://finance.yahoo.com/sectors/utilities/)
- [Treasury bonds](https://finance.yahoo.com/markets/bonds/)
- [Futures](https://finance.yahoo.com/markets/commodities/)
- [Currencies](https://finance.yahoo.com/markets/currencies/%20)
- [World indices](https://finance.yahoo.com/markets/world-indices/)
- [ETFs](https://finance.yahoo.com/markets/etfs/)
- [Research](https://finance.yahoo.com/research-hub/screener/)
- [Screeners](https://finance.yahoo.com/research-hub/screener/)
- [Stocks](https://finance.yahoo.com/research-hub/screener/equity/)
- [Most shorted](https://finance.yahoo.com/research-hub/screener/most_shorted_stocks/)
- [Most active penny stocks](https://finance.yahoo.com/research-hub/screener/most_active_penny_stocks/)
- [Analyst strong buy](https://finance.yahoo.com/research-hub/screener/analyst_strong_buy_stocks/)
- [Calendar](https://finance.yahoo.com/calendar/)
- [Earnings](https://finance.yahoo.com/calendar/earnings/)
- [Stock splits](https://finance.yahoo.com/calendar/splits/)
- [IPOs](https://finance.yahoo.com/calendar/ipo/)
- [Economic events](https://finance.yahoo.com/calendar/economic/)
- [Stock comparison](https://finance.yahoo.com/compare/)
- [NVDA vs INTC](https://finance.yahoo.com/compare?comps=NVDA,INTC)
- [NVDA vs AMD](https://finance.yahoo.com/compare?comps=NVDA,AMD)
- [GOOG vs AMZN](https://finance.yahoo.com/compare?comps=GOOG,AMZN)
- [AAPL vs MSFT](https://finance.yahoo.com/compare?comps=AAPL,MSFT)
- [TSLA vs RIVN](https://finance.yahoo.com/compare?comps=TSLA,RIVN)
- [Currency converter](https://finance.yahoo.com/currency-converter/)
- [Advanced charts](https://finance.yahoo.com/chart/%5EGSPC/)
- [Community](https://finance.yahoo.com/community/)
- [Personal Finance](https://finance.yahoo.com/personal-finance/)
- [My Money](https://finance.yahoo.com/my-money/)
- [Credit cards](https://finance.yahoo.com/personal-finance/credit-cards/)
- [Compare Credit Cards](https://finance.yahoo.com/personal-finance/credit-cards/compare/)
- [Best 0% APR cards](https://finance.yahoo.com/personal-finance/credit-cards/article/best-zero-percent-apr-credit-cards-202429925.html)
- [Best balance transfer cards](https://finance.yahoo.com/personal-finance/credit-cards/article/best-balance-transfer-credit-cards-123841213.html)
- [Best rewards cards](https://finance.yahoo.com/personal-finance/credit-cards/article/best-rewards-credit-cards-172941111.html)
- [Best travel cards](https://finance.yahoo.com/personal-finance/credit-cards/article/best-travel-rewards-credit-card-172745542.html)
- [Banking](https://finance.yahoo.com/personal-finance/banking/)
- [Best CD rates](https://finance.yahoo.com/personal-finance/banking/article/best-cd-rates-201308688.html)
- [Best high-yield savings accounts](https://finance.yahoo.com/personal-finance/banking/article/best-high-yield-savings-account-171334498.html)
- [Best money market accounts](https://finance.yahoo.com/personal-finance/banking/article/4-percent-interest-money-market-accounts-160154289.html)
- [Best free checking accounts](https://finance.yahoo.com/personal-finance/banking/article/best-free-checking-accounts-195709452.html)
- [Best online banks](https://finance.yahoo.com/personal-finance/banking/article/best-online-banks-225003422.html)
- [Mortgage](https://finance.yahoo.com/personal-finance/mortgages/)
- [Best mortgage lenders](https://finance.yahoo.com/personal-finance/mortgages/article/best-mortgage-lenders-173044403.html)
- [Lowest mortgage rates](https://finance.yahoo.com/personal-finance/mortgages/article/8-strategies-for-getting-the-lowest-mortgage-rate-possible-in-2026-224601956.html)
- [Mortgage refinance](https://finance.yahoo.com/personal-finance/mortgages/article/refinance-mortgage-162831396.html)
- [First time homebuyer](https://finance.yahoo.com/personal-finance/mortgages/article/first-time-home-buyer-195246478.html)
- [Mortgage payment calculator](https://finance.yahoo.com/personal-finance/calculators/mortgage-payment-calculator/)
- [Home affordability calculator](https://finance.yahoo.com/personal-finance/calculators/how-much-home-can-i-afford/)
- [Insurance](https://finance.yahoo.com/personal-finance/insurance/)
- [Find car insurance](https://finance.yahoo.com/personal-finance/insurance/article/cheap-car-insurance-152307402.html)
- [Types of car insurance](https://finance.yahoo.com/personal-finance/insurance/article/types-of-car-insurance-175724082.html)
- [Find life insurance](https://finance.yahoo.com/personal-finance/insurance/article/what-is-life-insurance-200844307.html)
- [Taxes](https://finance.yahoo.com/personal-finance/taxes/)
- [How to file](https://finance.yahoo.com/personal-finance/taxes/article/irs-direct-file-230748915.html)
- [Tax brackets and rates](https://finance.yahoo.com/personal-finance/taxes/article/tax-brackets-165854746.html)
- [Child tax credit](https://finance.yahoo.com/personal-finance/taxes/article/child-tax-credit-2023-170245284.html)
- [Tax extension](https://finance.yahoo.com/personal-finance/taxes/article/tax-extension-220004592.html)
- [Tax refund status](https://finance.yahoo.com/personal-finance/taxes/article/wheres-my-refund-223612874.html)
- [Student loans](https://finance.yahoo.com/personal-finance/student-loans/)
- [Federal vs. private](https://finance.yahoo.com/personal-finance/student-loans/article/are-federal-or-private-loans-better-175200294.html)
- [How to apply](https://finance.yahoo.com/personal-finance/student-loans/article/how-to-apply-for-federal-student-loans-203505397.html)
- [FAFSA 2026-27](https://finance.yahoo.com/personal-finance/student-loans/article/what-is-fafsa-173422253.html)
- [Student loan assistance](https://finance.yahoo.com/personal-finance/student-loans/article/when-do-student-loans-resume-203115948.html)
- [Personal loans](https://finance.yahoo.com/personal-finance/personal-loans/)
- [Best personal loans](https://finance.yahoo.com/personal-finance/personal-loans/article/best-personal-loans-202034980.html)
- [Improve credit score](https://finance.yahoo.com/personal-finance/banking/article/how-to-improve-credit-score-140045472.html)
- [How to get approved](https://finance.yahoo.com/personal-finance/personal-loans/article/how-to-get-approved-for-personal-loan-173728303.html)
- [Videos](https://finance.yahoo.com/videos/)
- [Latest](https://finance.yahoo.com/videos/latest/)
- [Editor's picks](https://finance.yahoo.com/videos/editor-picks/)
- [Trending stocks](https://finance.yahoo.com/videos/trending-stocks/)
- [Investing insights](https://finance.yahoo.com/videos/investing-insights/)
- [Live shows](https://finance.yahoo.com/videos/series/)
- [Morning Brief](https://finance.yahoo.com/videos/series/morning-brief/)
- [Opening Bid](https://finance.yahoo.com/videos/series/opening-bid/)
- [Market Catalysts](https://finance.yahoo.com/videos/series/market-catalysts/)
- [Market Domination](https://finance.yahoo.com/videos/series/market-domination/)
- [Market Domination Overtime](https://finance.yahoo.com/videos/series/market-domination-overtime/)
- [Asking for a Trend](https://finance.yahoo.com/videos/series/asking-for-a-trend/)
- [Video podcasts](https://finance.yahoo.com/videos/series/)
- [Stocks in Translation](https://finance.yahoo.com/videos/series/stocks-in-translation/)
- [Trader Talk](https://finance.yahoo.com/videos/series/trader-talk/)
- [The Big Idea](https://finance.yahoo.com/videos/series/big-idea/)
- [Financial Freestyle](https://finance.yahoo.com/videos/series/financial-freestyle/)
- [FA Corner](https://finance.yahoo.com/topic/fa-corner/)
- [ETF Report](https://finance.yahoo.com/topic/etf-report/)
- [Options Unlocked](https://finance.yahoo.com/topic/options-101/)
- [Watch Now](https://finance.yahoo.com/live/)
### [Sports](https://sports.yahoo.com/)
- [Olympics](https://sports.yahoo.com/olympics/)
- [Fantasy](https://sports.yahoo.com/fantasy/)
- [Fantasy baseball](https://baseball.fantasysports.yahoo.com/)
- [News](https://sports.yahoo.com/fantasy/news/)
- [Fantasy football](https://football.fantasysports.yahoo.com/)
- [Best ball](https://bestball.fantasysports.yahoo.com/)
- [Pro Pick 'Em](https://football.fantasysports.yahoo.com/pickem)
- [College Pick 'Em](https://football.fantasysports.yahoo.com/college)
- [Fantasy hockey](https://hockey.fantasysports.yahoo.com/)
- [Fantasy basketball](https://basketball.fantasysports.yahoo.com/)
- [Download the app](https://sports.yahoo.com/fantasy/mobile/)
- [Daily fantasy](https://sports.yahoo.com/dailyfantasy/)
- [NFL](https://sports.yahoo.com/nfl/)
- [Scores](https://sports.yahoo.com/nfl/scoreboard/)
- [Schedule](https://sports.yahoo.com/nfl/schedule/)
- [Standings](https://sports.yahoo.com/nfl/standings/)
- [Stats](https://sports.yahoo.com/nfl/stats/)
- [Teams](https://sports.yahoo.com/nfl/teams/)
- [Players](https://sports.yahoo.com/nfl/players/)
- [Draft](https://sports.yahoo.com/nfl/draft/)
- [Injuries](https://sports.yahoo.com/nfl/injuries/)
- [Odds](https://sports.yahoo.com/nfl/odds/)
- [Super Bowl](https://sports.yahoo.com/nfl/topic/super-bowl/)
- [GameChannel](https://sports.yahoo.com/nfl/gamechannel/)
- [Videos](https://sports.yahoo.com/watch/)
- [News](https://sports.yahoo.com/nfl/news/)
- [NBA](https://sports.yahoo.com/nba/)
- [Scores](https://sports.yahoo.com/nba/scoreboard/)
- [Schedule](https://sports.yahoo.com/nba/schedule/)
- [Standings](https://sports.yahoo.com/nba/standings/)
- [Stats](https://sports.yahoo.com/nba/stats/)
- [Teams](https://sports.yahoo.com/nba/teams/)
- [Players](https://sports.yahoo.com/nba/players/)
- [Injuries](https://sports.yahoo.com/nba/injuries/)
- [Videos](https://sports.yahoo.com/watch/)
- [Odds](https://sports.yahoo.com/nba/odds/)
- [Playoffs](https://sports.yahoo.com/nba/topic/playoffs/)
- [Draft](https://sports.yahoo.com/nba/draft/)
- [News](https://sports.yahoo.com/nba/news/)
- [MLB](https://sports.yahoo.com/mlb/)
- [Scores](https://sports.yahoo.com/mlb/scoreboard/)
- [Schedule](https://sports.yahoo.com/mlb/schedule/)
- [Standings](https://sports.yahoo.com/mlb/standings/)
- [Stats](https://sports.yahoo.com/mlb/stats/)
- [Teams](https://sports.yahoo.com/mlb/teams/)
- [Players](https://sports.yahoo.com/mlb/players/)
- [Playoffs](https://sports.yahoo.com/mlb/topic/postseason/)
- [Odds](https://sports.yahoo.com/mlb/odds/)
- [Videos](https://sports.yahoo.com/watch/)
- [World Baseball Classic](https://sports.yahoo.com/mlb/topic/world-baseball-classic/)
- [News](https://sports.yahoo.com/mlb/news/)
- [NHL](https://sports.yahoo.com/nhl/)
- [Scores](https://sports.yahoo.com/nhl/scoreboard/)
- [Schedule](https://sports.yahoo.com/nhl/schedule/)
- [Standings](https://sports.yahoo.com/nhl/standings/)
- [Stats](https://sports.yahoo.com/nhl/stats/)
- [Teams](https://sports.yahoo.com/nhl/teams/)
- [Players](https://sports.yahoo.com/nhl/players/)
- [Odds](https://sports.yahoo.com/nhl/odds/)
- [Playoffs](https://sports.yahoo.com/nhl/topic/stanley-cup-playoffs/)
- [News](https://sports.yahoo.com/nhl/news/)
- [College football](https://sports.yahoo.com/college-football/)
- [Scores](https://sports.yahoo.com/college-football/scoreboard/)
- [Schedule](https://sports.yahoo.com/college-football/schedule/)
- [Standings](https://sports.yahoo.com/college-football/standings/)
- [Rankings](https://sports.yahoo.com/college-football/rankings/)
- [Stats](https://sports.yahoo.com/college-football/stats/)
- [Teams](https://sports.yahoo.com/college-football/teams/)
- [College Football Playoff](https://sports.yahoo.com/college-football/topic/playoffs-bowl-games/)
- [News](https://sports.yahoo.com/college-football/news/)
- [College basketball](https://sports.yahoo.com/college-basketball/)
- [Men's college basketball](https://sports.yahoo.com/college-basketball/)
- [Women's college basketball](https://sports.yahoo.com/college-womens-basketball/)
- [March Madness](https://sports.yahoo.com/college-basketball/topic/march-madness/)
- [Soccer](https://sports.yahoo.com/soccer/)
- [Schedule](https://sports.yahoo.com/soccer/schedule/)
- [Scores](https://sports.yahoo.com/soccer/scoreboard/)
- [Premier League](https://sports.yahoo.com/soccer/premier-league/)
- [MLS](https://sports.yahoo.com/soccer/mls/)
- [NWSL](https://sports.yahoo.com/soccer/nwsl/)
- [Liga MX](https://sports.yahoo.com/soccer/ligamx-clausura/)
- [CONCACAF League](https://sports.yahoo.com/soccer/concacaf-league/)
- [Champions League](https://sports.yahoo.com/soccer/champions-league/)
- [La Liga](https://sports.yahoo.com/soccer/la-liga/)
- [Serie A](https://sports.yahoo.com/soccer/serie-a/)
- [Bundesliga](https://sports.yahoo.com/soccer/bundesliga/)
- [Ligue 1](https://sports.yahoo.com/soccer/ligue-1/)
- [World Cup](https://sports.yahoo.com/soccer/world-cup/)
- [News](https://sports.yahoo.com/soccer/news/)
- [Yahoo Sports AM](https://sports.yahoo.com/newsletters/yahoo-sports-am/)
- [Show all](https://sports.yahoo.com/)
- [WNBA](https://sports.yahoo.com/wnba/)
- [Sportsbook](https://sports.yahoo.com/sportsbook/)
- [Tennis](https://sports.yahoo.com/tennis/)
- [Golf](https://sports.yahoo.com/golf/)
- [NASCAR](https://sports.yahoo.com/nascar/)
- [Boxing](https://sports.yahoo.com/boxing/)
- [UFL](https://sports.yahoo.com/ufl/)
- [Cycling](https://sports.yahoo.com/cycling/)
- [Racing](https://sports.yahoo.com/racing/)
- [Horse racing](https://sports.yahoo.com/horse-racing/)
- [GameChannel](https://sports.yahoo.com/mlb/gamechannel/)
- [Newsletters](https://sports.yahoo.com/newsletters/)
- [Podcasts](https://sports.yahoo.com/podcasts/)
- [Videos](https://sports.yahoo.com/videos/)
- [RSS](https://sports.yahoo.com/syndication/)
- [Jobs](https://sports.yahoo.com/jobs/)
- [Help](https://help.yahoo.com/kb/sports-news)
- [More news](https://sports.yahoo.com/news/)
### New on Yahoo
- [Yahoo Scout](https://scout.yahoo.com/?fr=fp-more-sct&fr2=p:fp,m:more-sct)
- [Creators](https://creators.yahoo.com/)
- [Tech](https://tech.yahoo.com/)
- [AI](https://tech.yahoo.com/ai/)
- [Apple Intelligence](https://tech.yahoo.com/ai/apple-intelligence/)
- [ChatGPT](https://tech.yahoo.com/ai/chatgpt/)
- [Claude](https://tech.yahoo.com/ai/claude/)
- [Gemini](https://tech.yahoo.com/ai/gemini/)
- [Meta](https://tech.yahoo.com/ai/meta-ai/)
- [Microsoft Copilot](https://tech.yahoo.com/ai/copilot/)
- [Perplexity](https://tech.yahoo.com/ai/perplexity-ai/)
- [Audio](https://tech.yahoo.com/audio/)
- [Audio deals](https://tech.yahoo.com/audio/deals/)
- [Best AirPods](https://tech.yahoo.com/audio/article/the-best-airpods-141951590.html)
- [Best budget headphones](https://tech.yahoo.com/audio/article/best-budget-headphones-154621859.html)
- [Best soundbar of 2026](https://tech.yahoo.com/audio/article/best-soundbar-201806176.html)
- [Best noise cancelling earbuds](https://tech.yahoo.com/audio/article/best-noise-cancelling-earbuds-184654494.html)
- [Best noise cancelling headphones](https://tech.yahoo.com/audio/article/best-noise-cancelling-headphones-152521694.html)
- [Best headphones](https://tech.yahoo.com/audio/article/best-headphones-173002347.html)
- [Best cheap wireless earbuds](https://tech.yahoo.com/audio/article/best-cheap-earbuds-171052338.html)
- [Best open ear headphones](https://tech.yahoo.com/audio/article/best-open-ear-headphones-165502093.html)
- [Best outdoor speakers](https://tech.yahoo.com/audio/article/best-outdoor-speakers-185322069.html)
- [Best wireless tv headphones](https://tech.yahoo.com/audio/article/best-wireless-tv-headphones-132231517.html)
- [Best portable bluetooth speaker](https://tech.yahoo.com/audio/article/best-small-speakers-110032998.html)
- [Best wireless earbuds](https://tech.yahoo.com/audio/article/best-wireless-earbuds-191737075.html)
- [Computing](https://tech.yahoo.com/computing/)
- [Best iPad](https://tech.yahoo.com/computing/article/best-ipad-135040315.html)
- [Best tablets of 2026](https://tech.yahoo.com/computing/article/best-tablets-165149966.html)
- [Best portable monitor](https://tech.yahoo.com/computing/article/best-portable-monitor-132539410.html)
- [Best laptop for 2026](https://tech.yahoo.com/computing/article/best-laptops-work-from-home-gaming-214704161.html)
- [Best tablet for kids](https://tech.yahoo.com/computing/article/best-tablet-for-kids-142802152.html)
- [Gaming](https://tech.yahoo.com/gaming/)
- [Gaming deals](https://tech.yahoo.com/gaming/deals/)
- [Nintendo](https://tech.yahoo.com/gaming/nintendo/)
- [PC](https://tech.yahoo.com/gaming/pc/)
- [PlayStation](https://tech.yahoo.com/gaming/playstation/)
- [Xbox](https://tech.yahoo.com/gaming/xbox/)
- [Home entertainment](https://tech.yahoo.com/home-entertainment/)
- [TVs](https://tech.yahoo.com/home-entertainment/tvs/)
- [Best frame TV](https://tech.yahoo.com/home-entertainment/tvs/article/best-art-tvs-140642933.html)
- [Best OLED TV](https://tech.yahoo.com/home-entertainment/tvs/article/best-oled-tv-193024796.html)
- [Best budget TV](https://tech.yahoo.com/home-entertainment/tvs/article/best-budget-tvs-145149609.html)
- [Best digital TV antenna](https://tech.yahoo.com/home-entertainment/article/best-digital-tv-antenna-183744310.html)
- [Phones](https://tech.yahoo.com/phones/)
- [Puzzle hints](https://tech.yahoo.com/puzzles/)
- [Connections](https://tech.yahoo.com/puzzles/connections/)
- [Quordle](https://tech.yahoo.com/puzzles/quordle/)
- [Strands](https://tech.yahoo.com/puzzles/strands/)
- [Wordle](https://tech.yahoo.com/puzzles/wordle/)
- [Science](https://tech.yahoo.com/science/)
- [Space](https://tech.yahoo.com/science/space/)
- [Streaming](https://tech.yahoo.com/streaming/)
- [Streaming reviews](https://tech.yahoo.com/streaming/reviews/)
- [Streaming deals](https://tech.yahoo.com/streaming/deals/)
- [Best streaming services](https://tech.yahoo.com/streaming/article/best-streaming-services-173846237.html)
- [Best live TV streaming services](https://tech.yahoo.com/streaming/article/best-live-tv-streaming-services-120051955.html)
- [Best free streaming services](https://tech.yahoo.com/streaming/article/best-free-tv-streaming-services-192511497.html)
- [Best streaming device of 2026](https://tech.yahoo.com/streaming/article/best-streaming-devices-165920204.html)
- [Tech News](https://tech.yahoo.com/news/)
- [VPN](https://tech.yahoo.com/vpn/)
- [Best VPNs](https://tech.yahoo.com/vpn/article/best-vpn-120000856.html)
- [VPN deals](https://tech.yahoo.com/vpn/deals/)
- [Most secure VPN for 2026](https://tech.yahoo.com/vpn/article/most-secure-vpn-130000023.html)
- [Best VPN for streaming](https://tech.yahoo.com/vpn/article/best-vpn-for-streaming-172123918.html)
- [Fastest VPNs for 2026](https://tech.yahoo.com/vpn/article/fastest-vpns-130000819.html)
- [Best VPN for Mac](https://tech.yahoo.com/vpn/article/best-vpn-for-mac-200000271.html)
- [Deals](https://tech.yahoo.com/deals/)
- [More](https://finance.yahoo.com/video/uso-vs-xle-energy-etf-160000197.html)
- [Apps](https://tech.yahoo.com/apps/)
- [AR and VR](https://tech.yahoo.com/ar-vr/)
- [Business](https://tech.yahoo.com/business/)
- [Cameras](https://tech.yahoo.com/cameras/)
- [Cybersecurity](https://tech.yahoo.com/cybersecurity/)
- [Entertainment](https://tech.yahoo.com/entertainment/)
- [General](https://tech.yahoo.com/general/)
- [Reviews and guides](https://tech.yahoo.com/reviews-and-guides/)
- [Smart home](https://tech.yahoo.com/home/)
- [Social media](https://tech.yahoo.com/social-media/)
- [Transportation](https://tech.yahoo.com/transportation/)
- [Wearables](https://tech.yahoo.com/wearables/)
- [Local](https://local.yahoo.com/)
- [Moving](https://local.yahoo.com/movers/)
- [Roofing](https://local.yahoo.com/roofing/)
- [Painting](https://local.yahoo.com/painting/)
- [Plumbing](https://local.yahoo.com/plumbing/)
- [Awards](https://local.yahoo.com/awards/)
- [Terms](https://guce.yahoo.com/terms?locale=en-US)
- [Privacy](https://guce.yahoo.com/privacy-policy?locale=en-US)
- [Privacy & Cookie Settings](https://guce.yahoo.com/privacy-settings?locale=en-US)
- [Feedback](https://yahoo.uservoice.com/forums/952723-finance-b3)
© 2026
All rights reserved.
[About our ads](https://legal.yahoo.com/us/en/yahoo/privacy/adinfo/index.html) [Advertising](https://www.adtech.yahooinc.com/advertising/solutions) [Careers](https://www.yahooinc.com/careers/)
# Yahoo Finance
[Yahoo Finance](https://finance.yahoo.com/)
Select edition
- [USEnglish](https://www.yahoo.com/?p=dnr)
- [US y LATAMEspañol](https://espanol.yahoo.com/?p=dnr)
- [AustraliaEnglish](https://au.yahoo.com/?p=dnr)
- [CanadaEnglish](https://ca.yahoo.com/?p=dnr)
- [CanadaFrançais](https://qc.yahoo.com/?p=dnr)
- [DeutschlandDeutsch](https://de.yahoo.com/?p=dnr)
- [FranceFrançais](https://fr.yahoo.com/?p=dnr)
- [香港繁中](https://hk.yahoo.com/?p=dnr)
- [MalaysiaEnglish](https://malaysia.yahoo.com/?p=dnr)
- [New ZealandEnglish](https://nz.yahoo.com/?p=dnr)
- [SingaporeEnglish](https://sg.yahoo.com/?p=dnr)
- [台灣繁中](https://tw.yahoo.com/?p=dnr)
- [UKEnglish](https://uk.yahoo.com/?p=dnr)
- [News](https://www.yahoo.com/)
- [Finance](https://finance.yahoo.com/)
- [Sports](https://sports.yahoo.com/)
- More
- [News](https://www.yahoo.com/)
- [Today's news](https://www.yahoo.com/news/)
- [US](https://www.yahoo.com/news/us/)
- [Politics](https://www.yahoo.com/news/politics/)
- [World](https://www.yahoo.com/news/world/)
- [Weather](https://weather.yahoo.com/)
- [Climate change](https://www.yahoo.com/issues/climate-change/)
- [Health](https://health.yahoo.com/)
- [Science](https://www.yahoo.com/news/science/)
- [Originals](https://www.yahoo.com/guides/originals/)
- [Newsletters](https://news.yahoo.com/newsletters/)
- [Games](https://www.yahoo.com/games)
- [Life](https://www.yahoo.com/lifestyle/)
- [Health](https://health.yahoo.com/)
- [Parenting](https://www.yahoo.com/lifestyle/family-relationships/)
- [Style and beauty](https://www.yahoo.com/lifestyle/style-beauty/)
- [Horoscopes](https://www.yahoo.com/lifestyle/horoscope/)
- [Shopping](https://shopping.yahoo.com/)
- [Food](https://www.yahoo.com/lifestyle/food-drink/)
- [Travel](https://travel.yahoo.com/)
- [Autos](https://autos.yahoo.com/)
- [Gift ideas](https://shopping.yahoo.com/gift-ideas/)
- [Buying guides](https://shopping.yahoo.com/guides/)
- [Entertainment](https://www.yahoo.com/entertainment/)
- [Celebrity](https://www.yahoo.com/entertainment/celebrity/)
- [TV](https://www.yahoo.com/entertainment/tv/)
- [Movies](https://www.yahoo.com/entertainment/movies/)
- [Music](https://www.yahoo.com/entertainment/music/)
- [How to Watch](https://www.yahoo.com/guides/how-to-watch/)
- [Interviews](https://www.yahoo.com/guides/interviews/)
- [Videos](https://www.yahoo.com/guides/videos/)
- [Finance](https://finance.yahoo.com/)
- [My portfolio](https://finance.yahoo.com/portfolios/)
- [News](https://finance.yahoo.com/news/)
- [Markets](https://finance.yahoo.com/markets/)
- [Research](https://finance.yahoo.com/research-hub/screener/)
- [Community](https://finance.yahoo.com/community/)
- [Personal finance](https://finance.yahoo.com/personal-finance/)
- [Videos](https://finance.yahoo.com/videos/)
- [Sports](https://sports.yahoo.com/)
- [Olympics](https://sports.yahoo.com/olympics/)
- [Fantasy](https://sports.yahoo.com/fantasy/)
- [Daily fantasy](https://sports.yahoo.com/dailyfantasy/)
- [NFL](https://sports.yahoo.com/nfl/)
- [NBA](https://sports.yahoo.com/nba/)
- [MLB](https://sports.yahoo.com/mlb/)
- [NHL](https://sports.yahoo.com/nhl/)
- [College football](https://sports.yahoo.com/college-football/)
- [College basketball](https://sports.yahoo.com/college-basketball/)
- [Soccer](https://sports.yahoo.com/soccer/)
- [Yahoo Sports AM](https://sports.yahoo.com/newsletters/yahoo-sports-am/)
- [Show all](https://sports.yahoo.com/)
- - New on Yahoo
- [Yahoo Scout](https://scout.yahoo.com/?fr=fp-more-sct&fr2=p:fp,m:more-sct)
- [Creators](https://creators.yahoo.com/)
- [Tech](https://tech.yahoo.com/)
- [Local](https://local.yahoo.com/)
- [Selected edition](https://www.yahoo.com/everything/world/)
USEnglish
[Mail](https://mail.yahoo.com/)
[Sign in](https://login.yahoo.com/?.lang=en-US&src=finance)
...
[Upgrade to Premium](https://finance.yahoo.com/about/plans/select-plan/?.done=https%3A%2F%2Ffinance.yahoo.com%2Fvideo%2Fuso-vs-xle-energy-etf-160000197.html&ncid=_1088_DCM-PARTNER_NATIVE_US_NoTargeting_HeaderEyebrow_YahooFinanceUsers___RightRail_Header-UpgradetoPaidSubscriptionButton__N_)
[](https://finance.yahoo.com/ "Yahoo Finance Video")
# USO vs. XLE: Which energy ETF do you play amid oil volatility?
[Yahoo Finance Video](https://finance.yahoo.com/author/yahoo-finance-video) and [Julie Hyman](https://finance.yahoo.com/author/julie-hyman)
Wed, March 11, 2026 at 12:00 PM EDT
In this video:
In the latest installment of Yahoo Finance's [ETF Report](https://finance.yahoo.com/topic/etf-report/), BNY global head of ETFs Ben Slavin chats with [Julie Hyman](https://www.yahoo.com/author/julie-hyman/?.tsrc=fin-srch) about the increased trading volume in the United States Oil Fund ETF ([USO](https://finance.yahoo.com/quote/USO)) as oil price ([CL=F](https://finance.yahoo.com/quote/CL=F), [BZ=F](https://finance.yahoo.com/quote/BZ=F)) volatility swings back and forth; oil prices are settling back below \$90 per barrel on Wednesday.
Slavin goes on to compare the USO fund with the broader State Street Energy Select Sector ETF ([XLE](https://finance.yahoo.com/quote/XLE)).
The Bank of New York Mellon is the administrator of the USO ETF.
To watch more expert insights and analysis on the latest market action, check out more [Market Catalysts](https://finance.yahoo.com/videos/series/market-catalysts/).
Video Transcript
00:00 Speaker A
Oil markets of course have been surging in the war uh amidst the war uh in Iran. So let's talk about what this means for the ETF market.
00:09 Speaker A
The NYSE's Global Head of ETFs Ben Slavin is joining me now for this week's ETF report brought to you by PIMco.
00:15 Speaker A
So just for folks who are not familiar, Ben, you've got USO, which actually has oil futures. And then you have stuff like XLE, which is energy stocks. So just for people who aren't familiar. But USO, just like we have seen this incredible volatility and action in the price of oil, we've been seeing it in USO also.
00:41 Ben Slavin
Yes. I mean, USO has been around for 20 years and in the last two days, we've seen record volume. It's really incredible to see. and you've seen more than 30 billion in volume uh in those two days. So investors turning to ETFs and in this case, USO to really uh be able to trade what's happening in the crude markets.
01:07 Speaker A
I'm so curious like where is this coming from? Who's doing this? In other words, like there are commodities traders who are in oil all the time. They're probably trading crude oil futures whether it be WTI or crude, maybe less so on the ETF side. I don't know. But who like so where is this volume coming from?
01:31 Ben Slavin
It's a great question. ETFs have continued to grow. So just this year alone, we have seen more than 6 billion a day in the first two months of the year come into ETF. So the the short answer is everybody. We're seeing retail, institutional, and also advisor-driven money. In some of these products, certainly they're more um uh skewed towards institutional investors that use these type of products. But we are seeing retail come in and then there's a a wide range of other products. You mentioned um some of the energy sector products and some of the more thematic plays and those have attracted more or tended to attracted more uh advisor and retail money.
02:22 Speaker A
I mean, the thing is, okay, when you're getting into something like USO, you're subject to the extraordinary volatility. You know, yesterday, of course, you saw Chris Wright, the Energy Secretary, put out a tweet on X that talked about maybe US ships escorting other ships through the straight of Ramus, then they deleted the tweet. So that created all of this whipsawying within the oil market. So, I guess what I'm asking is, are ETF investors prepared for that? Like do people know what they're in for if they're maybe piling into products that they they didn't typically look at while this war is going on?
03:09 Ben Slavin
Without a doubt, it is important to do your homework. And maybe that's more important than ever given the explosion we've seen in the number of products simply available. I mean, we had more than a thousand new ETFs launched just last year. So, for investors to really understand what they're buying and how that product is going to behave, especially when you see the type of volatility that we've seen over the last couple weeks is incredibly important. And I think that allows investors to play a wide variety of strategies. So some, I think what you're alluding to could just be purely for speculation, trying to play um the volatility in the oil markets. But others are using products to hedge their position. Or, you know, or in some cases to provide a short. So there's a lot of ways to use ETFs to express different types of views. So, in some ways you can say it was made for this moment, but you got to do your homework because of again, they're not all created equal.
04:15 Speaker A
So let's drill down, pun not intended, on USO versus the XLE, right? The oil itself versus the energy stocks and how investors should be thinking about um advantages and disadvantages or characteristics of each as they're trying to trade this.
04:36 Ben Slavin
Yeah, it's another great question. I mean, look, when you see a product like USO, obviously that product is designed to give you exposure to crude oil um through the futures market. When you look at a product like XLE or the wide variety of other sector or thematic products, those products are very different. They're holding a basket of energy themed stocks. And though those stocks obviously provide a different return stream than you would if you were just investing directly in crude. They hold companies that of course have exposure to the energy markets, of course they have exposure to oil, but they also do a wide variety of other things. Of course, these are stocks like Exon that are widely diversified. So some of these products do provide a different type of diversification for sure versus just the crude or the spot products. But then at the same time, uh you have to be careful and understand what return you're actually getting and how they're going to behave in these volatile markets. And it's a great jux to position between the two.
05:44 Speaker A
Since uh the war began, have besides this like sort of, you know, record-breaking action in the oil linked names. Is there anything else that's sort of stood out to you recently as as being unusual volume-wise or otherwise?
06:06 Ben Slavin
Yeah, I mentioned that stat, that incredible stat of the \$6 billion a day we saw in the first two months. It's been still quite elevated here early March. So the short answer is money in motion. And what we have seen is some pullback, um from a risk-taking perspective and some early signs of rotation. Certainly we've seen money come out of equities in the last few days. We've seen money come into fixed income, more of that money coming into the short end of the curve, which clearly, you know, shows some, you know, risk off type of behavior, at least an early sign. At the same time, you are seeing um a slow start to a rotation again out of US equities into international again. Now, whether that's um, you know, part of the geopolitical story or just again, playing the dollar, um, interesting, uh interesting to see what happens. So there are some early signs there from ETF investors. would not call it a trend yet, but again, interesting to note uh again alongside the price action we've seen in oil.
07:18 Speaker A
Yeah, well, when you come back next time, we'll see if it's a trend yet. We'll keep track of it. Thanks so much, Ben, appreciate it.
07:23 Ben Slavin
Thanks for having me.
[Terms](https://guce.yahoo.com/terms?locale=en-US) and [Privacy Policy](https://guce.yahoo.com/privacy-policy?locale=en-US)
[Privacy & Cookie Settings](https://guce.yahoo.com/privacy-settings?locale=en-US)
[More Info](https://finance.yahoo.com/more-info)
## Recommended Stories
Copyright © 2026 Yahoo. All rights reserved.
About
[Data Disclaimer](https://help.yahoo.com/kb/finance-for-web/SLN2310.html?locale=en_US) [Help](https://help.yahoo.com/kb/finance-for-web) [Feedback](https://yahoo.uservoice.com/forums/952723-finance-b3) [Sitemap](https://finance.yahoo.com/sitemap/) [What's New](https://finance.yahoo.com/about/whatsnew/) [About Our Ads](https://policies.oath.com/us/en/oath/privacy/adinfo/index.html) [Premium Plans](https://finance.yahoo.com/about/plans/)
[Terms](https://guce.yahoo.com/terms?locale=en-US) and [Privacy Policy](https://guce.yahoo.com/privacy-policy?locale=en-US)
[Privacy & Cookie Settings](https://guce.yahoo.com/privacy-settings?locale=en-US)
[More Info](https://finance.yahoo.com/more-info)
- U.S. markets close in 1h 42m
US
Europe
Asia
Cryptocurrencies
Rates
Commodities
Currencies
- [S\&P 500 6,760.30 -21.18 (-0.31%)](https://finance.yahoo.com/quote/%5EGSPC/)
- [Dow 30 47,354.83 -351.68 (-0.74%)](https://finance.yahoo.com/quote/%5EDJI/)
- [Nasdaq 22,645.00 -52.10 (-0.23%)](https://finance.yahoo.com/quote/%5EIXIC/)
- [Russell 2000 2,533.05 -15.03 (-0.59%)](https://finance.yahoo.com/quote/%5ERUT/)
- [VIX 25.18 +0.25 (+1.00%)](https://finance.yahoo.com/quote/%5EVIX/)
- [Gold 5,180.10 -62.00 (-1.18%)](https://finance.yahoo.com/quote/GC%3DF/)
- [Trending tickers](https://finance.yahoo.com/trending-tickers)
- [NBIS Nebius Group N.V. 109.40 +12.97 (+13.45%)](https://finance.yahoo.com/quote/NBIS/)
- [NVTS Navitas Semiconductor Corporation 10.55 +1.87 (+21.60%)](https://finance.yahoo.com/quote/NVTS/)
- [ORCL Oracle Corporation 162.13 +12.73 (+8.52%)](https://finance.yahoo.com/quote/ORCL/)
- [HIMS Hims & Hers Health, Inc. 26.56 +3.09 (+13.17%)](https://finance.yahoo.com/quote/HIMS/)
- [KALA KALA BIO, Inc. 0.3625 +0.0686 (+23.34%)](https://finance.yahoo.com/quote/KALA/)
- [Portfolio](https://finance.yahoo.com/portfolios)
[Portfolio](https://finance.yahoo.com/portfolios)
Sign in to access your portfolio
[Sign in](https://login.yahoo.com/config/login?done=https%3A%2F%2Ffinance.yahoo.com%2Fvideo%2Fuso-vs-xle-energy-etf-160000197.html&intl=us&lang=en-US&activity=dock-portfolio&pspid=1183300100&src=finance)
- [Top gainers](https://finance.yahoo.com/gainers/)
- [NVTS Navitas Semiconductor Corporation 10.55 +1.87 (+21.60%)](https://finance.yahoo.com/quote/NVTS/)
- [NBIS Nebius Group N.V. 109.38 +12.95 (+13.43%)](https://finance.yahoo.com/quote/NBIS/)
- [HIMS Hims & Hers Health, Inc. 26.56 +3.09 (+13.17%)](https://finance.yahoo.com/quote/HIMS/)
- [UNFI United Natural Foods, Inc. 41.31 +3.62 (+9.62%)](https://finance.yahoo.com/quote/UNFI/)
- [CRWV CoreWeave, Inc. 81.81 +6.89 (+9.20%)](https://finance.yahoo.com/quote/CRWV/)
- [Top losers](https://finance.yahoo.com/losers/)
- [GSIW Garden Stage Limited 24.00 -3.07 (-11.34%)](https://finance.yahoo.com/quote/GSIW/)
- [HMY Harmony Gold Mining Company Limited 16.58 -2.37 (-12.50%)](https://finance.yahoo.com/quote/HMY/)
- [BWLP BW LPG Limited 15.37 -1.89 (-10.95%)](https://finance.yahoo.com/quote/BWLP/)
- [FICO Fair Isaac Corporation 1,158.71 -126.45 (-9.84%)](https://finance.yahoo.com/quote/FICO/)
- [NG NovaGold Resources Inc. 11.51 -0.81 (-6.54%)](https://finance.yahoo.com/quote/NG/)
- [Most active](https://finance.yahoo.com/most-active/)
- [NVDA NVIDIA Corporation 185.08 +0.31 (+0.17%)](https://finance.yahoo.com/quote/NVDA/)
- [HIMS Hims & Hers Health, Inc. 26.56 +3.09 (+13.17%)](https://finance.yahoo.com/quote/HIMS/)
- [ONDS Ondas Inc. 9.60 -0.41 (-4.10%)](https://finance.yahoo.com/quote/ONDS/)
- [ORCL Oracle Corporation 162.13 +12.73 (+8.52%)](https://finance.yahoo.com/quote/ORCL/)
- [NIO NIO Inc. 5.48 -0.22 (-3.87%)](https://finance.yahoo.com/quote/NIO/)
- [Top economic events](https://finance.yahoo.com/calendar/economic)
[Top economic events](https://finance.yahoo.com/calendar/economic)
 Canada
There are no important events for this country at this time. Select "All" to see top events in other countries or view all events.
[View All Events](https://finance.yahoo.com/calendar/economic)
- [Earnings events](https://finance.yahoo.com/calendar/earnings?day=2026-03-11)
My earnings events
Earnings events
Edit your Dock
[Terms](https://guce.yahoo.com/terms?locale=en-US) and [Privacy Policy](https://guce.yahoo.com/privacy-policy?locale=en-US)
[Privacy & Cookie Settings](https://guce.yahoo.com/privacy-settings?locale=en-US)
[Ad Terms](https://policies.oath.com/us/en/oath/privacy/adinfo/index.html) [Feedback](https://yahoo.uservoice.com/forums/952723-finance-b3) [More Info](https://finance.yahoo.com/more-info) |
| Readable Markdown | In the latest installment of Yahoo Finance's [ETF Report](https://finance.yahoo.com/topic/etf-report/), BNY global head of ETFs Ben Slavin chats with [Julie Hyman](https://www.yahoo.com/author/julie-hyman/?.tsrc=fin-srch) about the increased trading volume in the United States Oil Fund ETF ([USO](https://finance.yahoo.com/quote/USO)) as oil price ([CL=F](https://finance.yahoo.com/quote/CL=F), [BZ=F](https://finance.yahoo.com/quote/BZ=F)) volatility swings back and forth; oil prices are settling back below \$90 per barrel on Wednesday.
Slavin goes on to compare the USO fund with the broader State Street Energy Select Sector ETF ([XLE](https://finance.yahoo.com/quote/XLE)).
The Bank of New York Mellon is the administrator of the USO ETF.
To watch more expert insights and analysis on the latest market action, check out more [Market Catalysts](https://finance.yahoo.com/videos/series/market-catalysts/).
00:00 Speaker A
Oil markets of course have been surging in the war uh amidst the war uh in Iran. So let's talk about what this means for the ETF market.
00:09 Speaker A
The NYSE's Global Head of ETFs Ben Slavin is joining me now for this week's ETF report brought to you by PIMco.
00:15 Speaker A
So just for folks who are not familiar, Ben, you've got USO, which actually has oil futures. And then you have stuff like XLE, which is energy stocks. So just for people who aren't familiar. But USO, just like we have seen this incredible volatility and action in the price of oil, we've been seeing it in USO also.
00:41 Ben Slavin
Yes. I mean, USO has been around for 20 years and in the last two days, we've seen record volume. It's really incredible to see. and you've seen more than 30 billion in volume uh in those two days. So investors turning to ETFs and in this case, USO to really uh be able to trade what's happening in the crude markets.
01:07 Speaker A
I'm so curious like where is this coming from? Who's doing this? In other words, like there are commodities traders who are in oil all the time. They're probably trading crude oil futures whether it be WTI or crude, maybe less so on the ETF side. I don't know. But who like so where is this volume coming from?
01:31 Ben Slavin
It's a great question. ETFs have continued to grow. So just this year alone, we have seen more than 6 billion a day in the first two months of the year come into ETF. So the the short answer is everybody. We're seeing retail, institutional, and also advisor-driven money. In some of these products, certainly they're more um uh skewed towards institutional investors that use these type of products. But we are seeing retail come in and then there's a a wide range of other products. You mentioned um some of the energy sector products and some of the more thematic plays and those have attracted more or tended to attracted more uh advisor and retail money.
02:22 Speaker A
I mean, the thing is, okay, when you're getting into something like USO, you're subject to the extraordinary volatility. You know, yesterday, of course, you saw Chris Wright, the Energy Secretary, put out a tweet on X that talked about maybe US ships escorting other ships through the straight of Ramus, then they deleted the tweet. So that created all of this whipsawying within the oil market. So, I guess what I'm asking is, are ETF investors prepared for that? Like do people know what they're in for if they're maybe piling into products that they they didn't typically look at while this war is going on?
03:09 Ben Slavin
Without a doubt, it is important to do your homework. And maybe that's more important than ever given the explosion we've seen in the number of products simply available. I mean, we had more than a thousand new ETFs launched just last year. So, for investors to really understand what they're buying and how that product is going to behave, especially when you see the type of volatility that we've seen over the last couple weeks is incredibly important. And I think that allows investors to play a wide variety of strategies. So some, I think what you're alluding to could just be purely for speculation, trying to play um the volatility in the oil markets. But others are using products to hedge their position. Or, you know, or in some cases to provide a short. So there's a lot of ways to use ETFs to express different types of views. So, in some ways you can say it was made for this moment, but you got to do your homework because of again, they're not all created equal.
04:15 Speaker A
So let's drill down, pun not intended, on USO versus the XLE, right? The oil itself versus the energy stocks and how investors should be thinking about um advantages and disadvantages or characteristics of each as they're trying to trade this.
04:36 Ben Slavin
Yeah, it's another great question. I mean, look, when you see a product like USO, obviously that product is designed to give you exposure to crude oil um through the futures market. When you look at a product like XLE or the wide variety of other sector or thematic products, those products are very different. They're holding a basket of energy themed stocks. And though those stocks obviously provide a different return stream than you would if you were just investing directly in crude. They hold companies that of course have exposure to the energy markets, of course they have exposure to oil, but they also do a wide variety of other things. Of course, these are stocks like Exon that are widely diversified. So some of these products do provide a different type of diversification for sure versus just the crude or the spot products. But then at the same time, uh you have to be careful and understand what return you're actually getting and how they're going to behave in these volatile markets. And it's a great jux to position between the two.
05:44 Speaker A
Since uh the war began, have besides this like sort of, you know, record-breaking action in the oil linked names. Is there anything else that's sort of stood out to you recently as as being unusual volume-wise or otherwise?
06:06 Ben Slavin
Yeah, I mentioned that stat, that incredible stat of the \$6 billion a day we saw in the first two months. It's been still quite elevated here early March. So the short answer is money in motion. And what we have seen is some pullback, um from a risk-taking perspective and some early signs of rotation. Certainly we've seen money come out of equities in the last few days. We've seen money come into fixed income, more of that money coming into the short end of the curve, which clearly, you know, shows some, you know, risk off type of behavior, at least an early sign. At the same time, you are seeing um a slow start to a rotation again out of US equities into international again. Now, whether that's um, you know, part of the geopolitical story or just again, playing the dollar, um, interesting, uh interesting to see what happens. So there are some early signs there from ETF investors. would not call it a trend yet, but again, interesting to note uh again alongside the price action we've seen in oil.
07:18 Speaker A
Yeah, well, when you come back next time, we'll see if it's a trend yet. We'll keep track of it. Thanks so much, Ben, appreciate it.
07:23 Ben Slavin
Thanks for having me. |
| Shard | 192 (laksa) |
| Root Hash | 3401813433841292792 |
| Unparsed URL | com,yahoo!finance,/video/uso-vs-xle-energy-etf-160000197.html s443 |