Which stocks are most correlated with GLU?

Based on one year of daily returns, the stocks most correlated with The Gabelli Utility & Income Trust (GLU) are HNDL (0.54), FCEF (0.53) and GDV (0.53). 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 GLU?

Over the past year, the stocks most inversely correlated with The Gabelli Utility & Income Trust (GLU) are SPDN (-0.47), SH (-0.47) and EFZ (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

The Gabelli Utility & Income Trust (GLU) — Stock Correlations & Overview

Over the past year, GLU has moved most closely with HNDL, FCEF, GDV. Explore the stocks most correlated and inversely correlated with GLU below, along with its price, financials, and company profile.

Stocks correlated with GLU

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

Most correlated with GLU

Symbol	Company	Correlation
HNDL	Strategy Shares Nasdaq 7HANDL Index ETF	0.54
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.53
GDV	The Gabelli Dividend & Income Trust	0.53
ALTY	Global X Funds Global X Alternative Income ETF	0.52
SPUT	Innovator Equity Premium Income - Daily PutWrite ETF	0.52

Most inversely correlated with GLU

Symbol	Company	Correlation
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.47
SH	ProShares Short S&P500	-0.47
EFZ	ProShares Trust Short MSCI EAFE	-0.47
SDS	ProShares UltraShort S&P500	-0.46
SPXU	ProShares UltraPro Short S&P 500	-0.46

Frequently asked questions about GLU correlations

Which stocks are most correlated with GLU?: Based on one year of daily returns, the stocks most correlated with The Gabelli Utility & Income Trust (GLU) are HNDL (0.54), FCEF (0.53) and GDV (0.53). 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 GLU?: Over the past year, the stocks most inversely correlated with The Gabelli Utility & Income Trust (GLU) are SPDN (-0.47), SH (-0.47) and EFZ (-0.47). 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 GLU correlations calculated?: We compute the correlation of daily returns between GLU 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.