Which stocks are most correlated with EURL?

Based on one year of daily returns, the stocks most correlated with Direxion Daily FTSE Europe Bull 3x ETF (EURL) are UPV (0.98), BBEU (0.98) and VGK (0.98). 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 EURL?

Over the past year, the stocks most inversely correlated with Direxion Daily FTSE Europe Bull 3x ETF (EURL) are EPV (-0.98), EFU (-0.93) and EFZ (-0.91). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Daily FTSE Europe Bull 3x ETF (EURL) — Stock Correlations & Overview

Over the past year, EURL has moved most closely with UPV, BBEU, VGK. Explore the stocks most correlated and inversely correlated with EURL below, along with its price, financials, and company profile.

Stocks correlated with EURL

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

Most correlated with EURL

Symbol	Company	Correlation
UPV	ProShares Ultra FTSE Europe	0.98
BBEU	JPMorgan BetaBuilders Europe ETF	0.98
VGK	Vanguard FTSE Europe ETF	0.98
SPEU	State Street SPDR Portfolio Europe ETF	0.98
IEUR	iShares Core MSCI Europe ETF	0.97

Most inversely correlated with EURL

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.98
EFU	ProShares Trust UltraShort MSCI EAFE	-0.93
EFZ	ProShares Trust Short MSCI EAFE	-0.91
EWV	ProShares Trust UltraShort MSCI Japan	-0.75
SDOW	ProShares UltraPro Short Dow 30	-0.73

Frequently asked questions about EURL correlations

Which stocks are most correlated with EURL?: Based on one year of daily returns, the stocks most correlated with Direxion Daily FTSE Europe Bull 3x ETF (EURL) are UPV (0.98), BBEU (0.98) and VGK (0.98). 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 EURL?: Over the past year, the stocks most inversely correlated with Direxion Daily FTSE Europe Bull 3x ETF (EURL) are EPV (-0.98), EFU (-0.93) and EFZ (-0.91). 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 EURL correlations calculated?: We compute the correlation of daily returns between EURL 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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