abrdn Physical Precious Metals Basket Shares ETF (GLTR) — Stock Correlations & Overview
Over the past year, GLTR has moved most closely with DBP, CEF, SLV. Explore the stocks most correlated and inversely correlated with GLTR below, along with its price, financials, and company profile.
Stocks correlated with GLTR
Correlation of daily returns. Higher positive values move with GLTR; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLTR
| Symbol | Company | Correlation |
|---|---|---|
| DBP | Invesco DB Precious Metals FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| CEF | Sprott Physical Gold and Silver Trust | 0.98 |
| SLV | iShares Silver TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.97 |
| SIVR | abrdn Physical Silver Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.97 |
| KSLV | Kurv Silver Enhanced Income ETF | 0.96 |
Most inversely correlated with GLTR
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.94 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.92 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.92 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.84 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.84 |
Frequently asked questions about GLTR correlations
- Which stocks are most correlated with GLTR?
- Based on one year of daily returns, the stocks most correlated with abrdn Physical Precious Metals Basket Shares ETF (GLTR) are DBP (0.99), CEF (0.98) and SLV (0.97). 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 GLTR?
- Over the past year, the stocks most inversely correlated with abrdn Physical Precious Metals Basket Shares ETF (GLTR) are ZSL (-0.94), GLL (-0.92) and DULL (-0.92). 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 GLTR correlations calculated?
- We compute the correlation of daily returns between GLTR 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.