WisdomTree Enhanced Commodity Strategy Fund (GCC) — Stock Correlations & Overview
Over the past year, GCC has moved most closely with EDGH, CERY, HGER. Explore the stocks most correlated and inversely correlated with GCC below, along with its price, financials, and company profile.
Stocks correlated with GCC
Correlation of daily returns. Higher positive values move with GCC; negative values move opposite it. Informational only, not investment advice.
Most correlated with GCC
| Symbol | Company | Correlation |
|---|---|---|
| EDGH | 3EDGE Dynamic Hard Assets ETF | 0.82 |
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 0.81 |
| HGER | Harbor Commodity All-Weather Strategy ETF | 0.78 |
| RLY | State Street Multi-Asset Real Return ETF | 0.77 |
| COM | Direxion Auspice Broad Commodity Strategy ETF | 0.76 |
Most inversely correlated with GCC
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.68 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.66 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.65 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.52 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.52 |
Frequently asked questions about GCC correlations
- Which stocks are most correlated with GCC?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Enhanced Commodity Strategy Fund (GCC) are EDGH (0.82), CERY (0.81) and HGER (0.78). 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 GCC?
- Over the past year, the stocks most inversely correlated with WisdomTree Enhanced Commodity Strategy Fund (GCC) are ZSL (-0.68), GLL (-0.66) and DULL (-0.65). 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 GCC correlations calculated?
- We compute the correlation of daily returns between GCC 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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