Blackrock Energy and Resources Trust (BGR) — Stock Correlations & Overview
Over the past year, BGR has moved most closely with IXC, VDE, OILU. Explore the stocks most correlated and inversely correlated with BGR below, along with its price, financials, and company profile.
Stocks correlated with BGR
Correlation of daily returns. Higher positive values move with BGR; negative values move opposite it. Informational only, not investment advice.
Most correlated with BGR
| Symbol | Company | Correlation |
|---|---|---|
| IXC | iShares Global Energy ETF | 0.84 |
| VDE | Vanguard Energy ETF | 0.83 |
| OILU | MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.83 |
| FENY | Fidelity MSCI Energy Index ETF | 0.83 |
| IYE | iShares U.S. Energy ETF | 0.83 |
Most inversely correlated with BGR
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.82 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.82 |
| DUG | ProShares UltraShort Energy | -0.82 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.80 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.78 |
Frequently asked questions about BGR correlations
- Which stocks are most correlated with BGR?
- Based on one year of daily returns, the stocks most correlated with Blackrock Energy and Resources Trust (BGR) are IXC (0.84), VDE (0.83) and OILU (0.83). 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 BGR?
- Over the past year, the stocks most inversely correlated with Blackrock Energy and Resources Trust (BGR) are OILD (-0.82), ERY (-0.82) and DUG (-0.82). 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 BGR correlations calculated?
- We compute the correlation of daily returns between BGR 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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