3EDGE Dynamic Hard Assets ETF (EDGH) — Stock Correlations & Overview
Over the past year, EDGH has moved most closely with DBP, SHNY, UGL. Explore the stocks most correlated and inversely correlated with EDGH below, along with its price, financials, and company profile.
Stocks correlated with EDGH
Correlation of daily returns. Higher positive values move with EDGH; negative values move opposite it. Informational only, not investment advice.
Most correlated with EDGH
| Symbol | Company | Correlation |
|---|---|---|
| DBP | Invesco DB Precious Metals FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
| SHNY | MicroSectors Gold 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.90 |
| UGL | ProShares Ultra GoldCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
| PHYS | Sprott Physical Gold Trust | 0.90 |
| GLD | SPDR Gold Trust, SPDR Gold SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
Most inversely correlated with EDGH
| Symbol | Company | Correlation |
|---|---|---|
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.89 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.88 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.80 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.73 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.72 |
Frequently asked questions about EDGH correlations
- Which stocks are most correlated with EDGH?
- Based on one year of daily returns, the stocks most correlated with 3EDGE Dynamic Hard Assets ETF (EDGH) are DBP (0.90), SHNY (0.90) and UGL (0.90). 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 EDGH?
- Over the past year, the stocks most inversely correlated with 3EDGE Dynamic Hard Assets ETF (EDGH) are GLL (-0.89), DULL (-0.88) and ZSL (-0.80). 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 EDGH correlations calculated?
- We compute the correlation of daily returns between EDGH 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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