Which stocks are most correlated with COMB?

Based on one year of daily returns, the stocks most correlated with GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) are CERY (0.95), DJP (0.91) and DBC (0.82). 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 COMB?

Over the past year, the stocks most inversely correlated with GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) are SCO (-0.62), DRIP (-0.50) and WTID (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) — Stock Correlations & Overview

Over the past year, COMB has moved most closely with CERY, DJP, DBC. Explore the stocks most correlated and inversely correlated with COMB below, along with its price, financials, and company profile.

Stocks correlated with COMB

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

Most correlated with COMB

Symbol	Company	Correlation
CERY	State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	0.95
DJP	iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036	0.91
DBC	Invesco DB Commodity Index Tracking FundCOMMODITY CONTRACTS BROKERS & DEALERS	0.82
PDBC	Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	0.81
NBCM	Neuberger Commodity Strategy ETF	0.81

Most inversely correlated with COMB

Symbol	Company	Correlation
SCO	ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS	-0.62
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.50
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.49
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.48
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.47

Frequently asked questions about COMB correlations

Which stocks are most correlated with COMB?: Based on one year of daily returns, the stocks most correlated with GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) are CERY (0.95), DJP (0.91) and DBC (0.82). 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 COMB?: Over the past year, the stocks most inversely correlated with GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) are SCO (-0.62), DRIP (-0.50) and WTID (-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 COMB correlations calculated?: We compute the correlation of daily returns between COMB 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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