Which stocks are most correlated with BGLD?

Based on one year of daily returns, the stocks most correlated with FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) are MREO (0.87), PDX (0.70) and BFAP (0.65). 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 BGLD?

Over the past year, the stocks most inversely correlated with FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) are GLL (-0.39), DULL (-0.38) and BNAIW (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) — Stock Correlations & Overview

Over the past year, BGLD has moved most closely with MREO, PDX, BFAP. Explore the stocks most correlated and inversely correlated with BGLD below, along with its price, financials, and company profile.

Stocks correlated with BGLD

Correlation of daily returns. Higher positive values move with BGLD; negative values move opposite it. Informational only, not investment advice.

Most correlated with BGLD

Symbol	Company	Correlation
MREO	Mereo BioPharma Group plc American Depositary SharesPHARMACEUTICAL PREPARATIONS	0.87
PDX	PIMCO Dynamic Income Strategy Fund	0.70
BFAP	FT Vest Bitcoin Strategy Floor15 ETF - April	0.65
ROMO	Strategy Shares Newfound/ReSolve Robust Momentum ETF	0.61
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	0.58

Most inversely correlated with BGLD

Symbol	Company	Correlation
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.39
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.38
BNAIW	Brand Engagement Network Inc. WarrantSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	-0.34
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.32
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.32

Frequently asked questions about BGLD correlations

Which stocks are most correlated with BGLD?: Based on one year of daily returns, the stocks most correlated with FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) are MREO (0.87), PDX (0.70) and BFAP (0.65). 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 BGLD?: Over the past year, the stocks most inversely correlated with FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) are GLL (-0.39), DULL (-0.38) and BNAIW (-0.34). 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 BGLD correlations calculated?: We compute the correlation of daily returns between BGLD 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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