Which stocks are most correlated with EMLP?

Based on one year of daily returns, the stocks most correlated with First Trust North American Energy Infrastructure Fund (EMLP) are FPWR (0.91), EIPI (0.89) and EIPX (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 EMLP?

Over the past year, the stocks most inversely correlated with First Trust North American Energy Infrastructure Fund (EMLP) are SDP (-0.74), ERY (-0.49) and DUG (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust North American Energy Infrastructure Fund (EMLP) — Stock Correlations & Overview

Over the past year, EMLP has moved most closely with FPWR, EIPI, EIPX. Explore the stocks most correlated and inversely correlated with EMLP below, along with its price, financials, and company profile.

Stocks correlated with EMLP

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

Most correlated with EMLP

Symbol	Company	Correlation
FPWR	First Trust EIP Power Solutions ETF	0.91
EIPI	FT Energy Income Partners Enhanced Income ETF	0.89
EIPX	FT Energy Income Partners Strategy ETF	0.85
TPYP	Tortoise North American Pipeline ETF	0.84
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	0.83

Most inversely correlated with EMLP

Symbol	Company	Correlation
SDP	ProShares UltraShort Utilities	-0.74
ERY	Direxion Daily Energy Bear 2X ETF	-0.49
DUG	ProShares UltraShort Energy	-0.49
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.48
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.45

Frequently asked questions about EMLP correlations

Which stocks are most correlated with EMLP?: Based on one year of daily returns, the stocks most correlated with First Trust North American Energy Infrastructure Fund (EMLP) are FPWR (0.91), EIPI (0.89) and EIPX (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 EMLP?: Over the past year, the stocks most inversely correlated with First Trust North American Energy Infrastructure Fund (EMLP) are SDP (-0.74), ERY (-0.49) and DUG (-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 EMLP correlations calculated?: We compute the correlation of daily returns between EMLP 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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