VanEck CMCI Commodity Strategy ETF (CMCI) — Stock Correlations & Overview
Over the past year, CMCI has moved most closely with BCD, BCI, CMDT. Explore the stocks most correlated and inversely correlated with CMCI below, along with its price, financials, and company profile.
Stocks correlated with CMCI
Correlation of daily returns. Higher positive values move with CMCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with CMCI
| Symbol | Company | Correlation |
|---|---|---|
| BCD | abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 0.94 |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 0.93 |
| CMDT | PIMCO Commodity Strategy Active Exchange-Traded Fund | 0.73 |
| USCI | US Commodity IndexCOMMODITY CONTRACTS BROKERS & DEALERS | 0.73 |
| DBC | Invesco DB Commodity Index Tracking FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.72 |
Most inversely correlated with CMCI
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.64 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.47 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.46 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.46 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.44 |
Frequently asked questions about CMCI correlations
- Which stocks are most correlated with CMCI?
- Based on one year of daily returns, the stocks most correlated with VanEck CMCI Commodity Strategy ETF (CMCI) are BCD (0.94), BCI (0.93) and CMDT (0.73). 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 CMCI?
- Over the past year, the stocks most inversely correlated with VanEck CMCI Commodity Strategy ETF (CMCI) are SCO (-0.64), DRIP (-0.47) and NRGD (-0.46). 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 CMCI correlations calculated?
- We compute the correlation of daily returns between CMCI 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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