Which stocks are most correlated with GNLpB?

Based on one year of daily returns, the stocks most correlated with Global Net Lease, Inc. 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (GNLpB) are GNLpA (0.42), BUYW (0.33) and GNLpD (0.33). 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 GNLpB?

Over the past year, the stocks most inversely correlated with Global Net Lease, Inc. 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (GNLpB) are FNGD (-0.28), TMDE (-0.25) and QQDN (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

Global Net Lease, Inc. 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (GNLpB) — Stock Correlations & Overview

Over the past year, GNLpB has moved most closely with GNLpA, BUYW, GNLpD. Explore the stocks most correlated and inversely correlated with GNLpB below, along with its price, financials, and company profile.

Stocks correlated with GNLpB

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

Most correlated with GNLpB

Symbol	Company	Correlation
GNLpA	Global Net Lease, Inc. 7.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per shareREAL ESTATE INVESTMENT TRUSTS	0.42
BUYW	Main BuyWrite ETF	0.33
GNLpD	Global Net Lease, Inc. 7.50% Series D Cumulative Redeemable Perpetual Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.33
CPNS	Calamos Nasdaq-100 Structured Alt Protection ETF - September	0.32
JUNM	FT Vest U.S. Equity Max Buffer ETF - June	0.32

Most inversely correlated with GNLpB

Symbol	Company	Correlation
FNGD	MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC	-0.28
TMDE	TMD Energy Limited	-0.25
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.25
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.25
TAIL	Cambria Tail Risk ETF	-0.25

Frequently asked questions about GNLpB correlations

Which stocks are most correlated with GNLpB?: Based on one year of daily returns, the stocks most correlated with Global Net Lease, Inc. 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (GNLpB) are GNLpA (0.42), BUYW (0.33) and GNLpD (0.33). 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 GNLpB?: Over the past year, the stocks most inversely correlated with Global Net Lease, Inc. 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (GNLpB) are FNGD (-0.28), TMDE (-0.25) and QQDN (-0.25). 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 GNLpB correlations calculated?: We compute the correlation of daily returns between GNLpB 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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