Direxion Auspice Broad Commodity Strategy ETF (COM) — Stock Correlations & Overview
Over the past year, COM has moved most closely with CERY, DJP, NBCM. Explore the stocks most correlated and inversely correlated with COM below, along with its price, financials, and company profile.
Stocks correlated with COM
Correlation of daily returns. Higher positive values move with COM; negative values move opposite it. Informational only, not investment advice.
Most correlated with COM
| Symbol | Company | Correlation |
|---|---|---|
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 0.81 |
| DJP | iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036 | 0.80 |
| NBCM | Neuberger Commodity Strategy ETF | 0.77 |
| CMDT | PIMCO Commodity Strategy Active Exchange-Traded Fund | 0.77 |
| GCC | WisdomTree Enhanced Commodity Strategy FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.76 |
Most inversely correlated with COM
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.56 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.49 |
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.49 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.48 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.40 |
Frequently asked questions about COM correlations
- Which stocks are most correlated with COM?
- Based on one year of daily returns, the stocks most correlated with Direxion Auspice Broad Commodity Strategy ETF (COM) are CERY (0.81), DJP (0.80) and NBCM (0.77). 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 COM?
- Over the past year, the stocks most inversely correlated with Direxion Auspice Broad Commodity Strategy ETF (COM) are ZSL (-0.56), GLL (-0.49) and SCO (-0.49). 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 COM correlations calculated?
- We compute the correlation of daily returns between COM 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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