Which stocks are most correlated with FTRI?

Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF (FTRI) are GNR (0.90), NRES (0.89) and GUNR (0.89). 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 FTRI?

Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF (FTRI) are DUST (-0.82), GDXD (-0.81) and JDST (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF (FTRI) — Stock Correlations & Overview

Over the past year, FTRI has moved most closely with GNR, NRES, GUNR. Explore the stocks most correlated and inversely correlated with FTRI below, along with its price, financials, and company profile.

Stocks correlated with FTRI

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

Most correlated with FTRI

Symbol	Company	Correlation
GNR	State Street SPDR S&P Global Natural Resources ETF	0.90
NRES	Xtrackers RREEF Global Natural Resources ETF	0.89
GUNR	Northern Trust Morningstar Global Upstream Natural Resources ETF	0.89
TURF	T. Rowe Price Natural Resource ETF	0.88
HAP	VanEck Natural Resources ETF	0.88

Most inversely correlated with FTRI

Symbol	Company	Correlation
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.82
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.81
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.80
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.74
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.73

Frequently asked questions about FTRI correlations

Which stocks are most correlated with FTRI?: Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF (FTRI) are GNR (0.90), NRES (0.89) and GUNR (0.89). 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 FTRI?: Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF (FTRI) are DUST (-0.82), GDXD (-0.81) and JDST (-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 FTRI correlations calculated?: We compute the correlation of daily returns between FTRI 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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