Huabao Xingye S&P Oil and Gas Fund tracks the S&P oil and gas upstream stock index, and its investment targets are selected companies in upstream industries such as oil and gas exploration, exploitation and production listed on major exchanges in the United States. From the historical data, the index has a high correlation with the international crude oil price, and its volatility is also very considerable. It is a good tool for domestic investors to track oil prices.

The correlation coefficient is 0.7, which is the closest fund at present.

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