Which stocks are most correlated with GLDI?

Based on one year of daily returns, the stocks most correlated with UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) are IAUI (0.83), SLVO (0.79) and DGP (0.77). 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 GLDI?

Over the past year, the stocks most inversely correlated with UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) are GLL (-0.76), DULL (-0.76) and GDXD (-0.71). A negative correlation means the two stocks have tended to move in opposite directions.

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) — Stock Correlations & Overview

Over the past year, GLDI has moved most closely with IAUI, SLVO, DGP. Explore the stocks most correlated and inversely correlated with GLDI below, along with its price, financials, and company profile.

Stocks correlated with GLDI

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

Most correlated with GLDI

Symbol	Company	Correlation
IAUI	NEOS Gold High Income ETF	0.83
SLVO	UBS AG ETRACS Silver Shares Covered Call ETNs due April 21, 2033	0.79
DGP	DB Gold Double Long ETN due February 15, 2038	0.77
AAAU	Goldman Sachs Physical Gold ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS	0.76
IAUM	iShares Gold Trust MicroCOMMODITY CONTRACTS BROKERS & DEALERS	0.76

Most inversely correlated with GLDI

Symbol	Company	Correlation
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.76
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.76
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.71
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.71
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.71

Frequently asked questions about GLDI correlations

Which stocks are most correlated with GLDI?: Based on one year of daily returns, the stocks most correlated with UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) are IAUI (0.83), SLVO (0.79) and DGP (0.77). 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 GLDI?: Over the past year, the stocks most inversely correlated with UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) are GLL (-0.76), DULL (-0.76) and GDXD (-0.71). 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 GLDI correlations calculated?: We compute the correlation of daily returns between GLDI 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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