Which stocks are most correlated with DTG?

Based on one year of daily returns, the stocks most correlated with DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) are SCHWpJ (0.72), DTW (0.71) and TFCpR (0.68). 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 DTG?

Over the past year, the stocks most inversely correlated with DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) are CARD (-0.45), RWM (-0.45) and SRTY (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) — Stock Correlations & Overview

Over the past year, DTG has moved most closely with SCHWpJ, DTW, TFCpR. Explore the stocks most correlated and inversely correlated with DTG below, along with its price, financials, and company profile.

Stocks correlated with DTG

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

Most correlated with DTG

Symbol	Company	Correlation
SCHWpJ	The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.72
DTW	DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077ELECTRIC SERVICES	0.71
TFCpR	Truist Financial Corporation Depositary Shares, each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.68
CMSD	CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079ELECTRIC & OTHER SERVICES COMBINED	0.68
MSpO	Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series OSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.66

Most inversely correlated with DTG

Symbol	Company	Correlation
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.45
RWM	ProShares Short Russell2000	-0.45
SRTY	ProShares UltraPro Short Russell2000	-0.44
TWM	ProShares UltraShort Russell2000	-0.44
SPXU	ProShares UltraPro Short S&P 500	-0.44

Frequently asked questions about DTG correlations

Which stocks are most correlated with DTG?: Based on one year of daily returns, the stocks most correlated with DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) are SCHWpJ (0.72), DTW (0.71) and TFCpR (0.68). 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 DTG?: Over the past year, the stocks most inversely correlated with DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) are CARD (-0.45), RWM (-0.45) and SRTY (-0.44). 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 DTG correlations calculated?: We compute the correlation of daily returns between DTG 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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