Broadstone Net Lease, Inc. (BNL) — Stock Correlations & Overview
Over the past year, BNL has moved most closely with NETL, NNN, WPC. Explore the stocks most correlated and inversely correlated with BNL below, along with its price, financials, and company profile.
Stocks correlated with BNL
Correlation of daily returns. Higher positive values move with BNL; negative values move opposite it. Informational only, not investment advice.
Most correlated with BNL
| Symbol | Company | Correlation |
|---|---|---|
| NETL | Colterpoint Net Lease Real Estate ETF | 0.74 |
| NNN | NNN REIT, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.64 |
| WPC | W.P. Carey Inc. (REIT)REAL ESTATE INVESTMENT TRUSTS | 0.64 |
| EPRT | Essential Properties Realty Trust, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.64 |
| FCPT | Four Corners Property Trust, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.63 |
Frequently asked questions about BNL correlations
- Which stocks are most correlated with BNL?
- Based on one year of daily returns, the stocks most correlated with Broadstone Net Lease, Inc. (BNL) are NETL (0.74), NNN (0.64) and WPC (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 BNL?
- Over the past year, the stocks most inversely correlated with Broadstone Net Lease, Inc. (BNL) are DRV (-0.53), REK (-0.53) and SRS (-0.52). 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 BNL correlations calculated?
- We compute the correlation of daily returns between BNL 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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