Grayscale Chainlink Trust ETF (GLNK) — Stock Correlations & Overview
Over the past year, GLNK has moved most closely with ETTY, EHY, BMNU. Explore the stocks most correlated and inversely correlated with GLNK below, along with its price, financials, and company profile.
Stocks correlated with GLNK
Correlation of daily returns. Higher positive values move with GLNK; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLNK
| Symbol | Company | Correlation |
|---|---|---|
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | 0.78 |
| EHY | Amplify Ethereum Max Income Covered Call ETF | 0.74 |
| BMNU | T-REX 2X Long BMNR Daily Target ETF | 0.72 |
| CBTO | Calamos Bitcoin 80 Series Structured Alt Protection ETF - October | 0.72 |
| DIME | CoinShares ETF Trust CoinShares Altcoins ETF | 0.71 |
Frequently asked questions about GLNK correlations
- Which stocks are most correlated with GLNK?
- Based on one year of daily returns, the stocks most correlated with Grayscale Chainlink Trust ETF (GLNK) are ETTY (0.78), EHY (0.74) and BMNU (0.72). 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 GLNK?
- Over the past year, the stocks most inversely correlated with Grayscale Chainlink Trust ETF (GLNK) are ETHD (-0.67), SETH (-0.67) and BTCZ (-0.64). 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 GLNK correlations calculated?
- We compute the correlation of daily returns between GLNK 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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