Which stocks are most correlated with FTGC?

Based on one year of daily returns, the stocks most correlated with First Trust Global Tactical Commodity Strategy Fund (FTGC) are CMDY (0.96), FAAR (0.87) and COMT (0.83). 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 FTGC?

Over the past year, the stocks most inversely correlated with First Trust Global Tactical Commodity Strategy Fund (FTGC) are SCO (-0.56), CPAC (-0.51) and DRIP (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Global Tactical Commodity Strategy Fund (FTGC) — Stock Correlations & Overview

Over the past year, FTGC has moved most closely with CMDY, FAAR, COMT. Explore the stocks most correlated and inversely correlated with FTGC below, along with its price, financials, and company profile.

Stocks correlated with FTGC

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

Most correlated with FTGC

Symbol	Company	Correlation
CMDY	iShares Bloomberg Roll Select Commodity Strategy ETF	0.96
FAAR	First Trust Alternative Absolute Return Strategy ETF	0.87
COMT	iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF	0.83
DJP	iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036	0.71
USCI	US Commodity IndexCOMMODITY CONTRACTS BROKERS & DEALERS	0.69

Most inversely correlated with FTGC

Symbol	Company	Correlation
SCO	ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS	-0.56
CPAC	CEMENTOS PACASMAYO S.A.A.	-0.51
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.49
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.48
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.47

Frequently asked questions about FTGC correlations

Which stocks are most correlated with FTGC?: Based on one year of daily returns, the stocks most correlated with First Trust Global Tactical Commodity Strategy Fund (FTGC) are CMDY (0.96), FAAR (0.87) and COMT (0.83). 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 FTGC?: Over the past year, the stocks most inversely correlated with First Trust Global Tactical Commodity Strategy Fund (FTGC) are SCO (-0.56), CPAC (-0.51) and DRIP (-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 FTGC correlations calculated?: We compute the correlation of daily returns between FTGC 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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