Which stocks are most correlated with FXB?

Based on one year of daily returns, the stocks most correlated with Invesco CurrencyShares British Pound Sterling Trust (FXB) are FXE (0.83), ISHG (0.82) and ULE (0.80). 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 FXB?

Over the past year, the stocks most inversely correlated with Invesco CurrencyShares British Pound Sterling Trust (FXB) are EUO (-0.83), UUP (-0.78) and USDU (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco CurrencyShares British Pound Sterling Trust (FXB) — Stock Correlations & Overview

Over the past year, FXB has moved most closely with FXE, ISHG, ULE. Explore the stocks most correlated and inversely correlated with FXB below, along with its price, financials, and company profile.

Stocks correlated with FXB

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

Most correlated with FXB

Symbol	Company	Correlation
FXE	Invesco CurrencyShares Euro Currency TrustCOMMODITY CONTRACTS BROKERS & DEALERS	0.83
ISHG	iShares 1-3 Year International Treasury Bond ETF	0.82
ULE	ProShares Ultra EuroCOMMODITY CONTRACTS BROKERS & DEALERS	0.80
PICB	Invesco International Corporate Bond ETF	0.79
IBND	State Street SPDR Bloomberg International Corporate Bond ETF	0.78

Most inversely correlated with FXB

Symbol	Company	Correlation
EUO	ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS	-0.83
UUP	Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS	-0.78
USDU	WisdomTree Bloomberg U.S. Dollar Bullish Fund	-0.62
EPV	ProShares UltraShort FTSE Europe	-0.55
YCS	ProShares UltraShort YenCOMMODITY CONTRACTS BROKERS & DEALERS	-0.51

Frequently asked questions about FXB correlations

Which stocks are most correlated with FXB?: Based on one year of daily returns, the stocks most correlated with Invesco CurrencyShares British Pound Sterling Trust (FXB) are FXE (0.83), ISHG (0.82) and ULE (0.80). 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 FXB?: Over the past year, the stocks most inversely correlated with Invesco CurrencyShares British Pound Sterling Trust (FXB) are EUO (-0.83), UUP (-0.78) and USDU (-0.62). 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 FXB correlations calculated?: We compute the correlation of daily returns between FXB 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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