MicroSectors Gold -3x Inverse Leveraged ETN (DULL) — Stock Correlations & Overview
Over the past year, DULL has moved most closely with GLL, DUST, GDXD. Explore the stocks most correlated and inversely correlated with DULL below, along with its price, financials, and company profile.
Stocks correlated with DULL
Correlation of daily returns. Higher positive values move with DULL; negative values move opposite it. Informational only, not investment advice.
Most correlated with DULL
| Symbol | Company | Correlation |
|---|---|---|
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | 0.85 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.85 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | 0.84 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | 0.81 |
Most inversely correlated with DULL
| Symbol | Company | Correlation |
|---|---|---|
| SGOL | abrdn Physical Gold Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| GLDM | SPDR Gold MiniSharesCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| IAUM | iShares Gold Trust MicroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| AAAU | Goldman Sachs Physical Gold ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| IAU | iShares Gold TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
Frequently asked questions about DULL correlations
- Which stocks are most correlated with DULL?
- Based on one year of daily returns, the stocks most correlated with MicroSectors Gold -3x Inverse Leveraged ETN (DULL) are GLL (1.00), DUST (0.85) and GDXD (0.85). 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 DULL?
- Over the past year, the stocks most inversely correlated with MicroSectors Gold -3x Inverse Leveraged ETN (DULL) are SGOL (-0.99), GLDM (-0.99) and IAUM (-0.99). 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 DULL correlations calculated?
- We compute the correlation of daily returns between DULL 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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