Which stocks are most correlated with GDL?

Based on one year of daily returns, the stocks most correlated with The GDL Fund (GDL) are WLDR (0.32), AESR (0.29) and EFFI (0.27). 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 GDL?

Over the past year, the stocks most inversely correlated with The GDL Fund (GDL) are EFZ (-0.23), PVL (-0.22) and AIBD (-0.22). A negative correlation means the two stocks have tended to move in opposite directions.

The GDL Fund (GDL) — Stock Correlations & Overview

Over the past year, GDL has moved most closely with WLDR, AESR, EFFI. Explore the stocks most correlated and inversely correlated with GDL below, along with its price, financials, and company profile.

Stocks correlated with GDL

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

Most correlated with GDL

Symbol	Company	Correlation
WLDR	Simplify Affinity World Leaders Equity ETF	0.32
AESR	Anfield U.S. Equity Sector Rotation ETF	0.29
EFFI	Harbor Osmosis International Resource Efficient ETF	0.27
WTMF	WisdomTree Managed Futures Strategy Fund	0.27
WEEL	Peerless Option Income Wheel ETF	0.27

Most inversely correlated with GDL

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.23
PVL	Permianville Royalty TrustCRUDE PETROLEUM & NATURAL GAS	-0.22
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	-0.22
EPV	ProShares UltraShort FTSE Europe	-0.21
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.21

Frequently asked questions about GDL correlations

Which stocks are most correlated with GDL?: Based on one year of daily returns, the stocks most correlated with The GDL Fund (GDL) are WLDR (0.32), AESR (0.29) and EFFI (0.27). 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 GDL?: Over the past year, the stocks most inversely correlated with The GDL Fund (GDL) are EFZ (-0.23), PVL (-0.22) and AIBD (-0.22). 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 GDL correlations calculated?: We compute the correlation of daily returns between GDL 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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