Bastion Energy ETF (BESF) — Stock Correlations & Overview
Over the past year, BESF has moved most closely with PXI, NBET, FCG. Explore the stocks most correlated and inversely correlated with BESF below, along with its price, financials, and company profile.
Stocks correlated with BESF
Correlation of daily returns. Higher positive values move with BESF; negative values move opposite it. Informational only, not investment advice.
Most correlated with BESF
| Symbol | Company | Correlation |
|---|---|---|
| PXI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF | 0.68 |
| NBET | Neuberger Energy Transition & Infrastructure ETF | 0.67 |
| FCG | First Trust Natural Gas ETF | 0.64 |
| USAI | Pacer American Energy Infrastructure ETF | 0.64 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 0.64 |
Most inversely correlated with BESF
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.62 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.62 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.61 |
| DUG | ProShares UltraShort Energy | -0.60 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.59 |
Frequently asked questions about BESF correlations
- Which stocks are most correlated with BESF?
- Based on one year of daily returns, the stocks most correlated with Bastion Energy ETF (BESF) are PXI (0.68), NBET (0.67) and FCG (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BESF?
- Over the past year, the stocks most inversely correlated with Bastion Energy ETF (BESF) are DRIP (-0.62), OILD (-0.62) and WTID (-0.61). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BESF correlations calculated?
- We compute the correlation of daily returns between BESF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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