Which stocks are most correlated with GNLpE?

Based on one year of daily returns, the stocks most correlated with Global Net Lease, Inc. 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (GNLpE) are GNLpD (0.51), GNLpA (0.36) and TSYY (0.28). 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 GNLpE?

Over the past year, the stocks most inversely correlated with Global Net Lease, Inc. 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (GNLpE) are VXZ (-0.23), BOXX (-0.21) and VIXM (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

Global Net Lease, Inc. 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (GNLpE) — Stock Correlations & Overview

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

Stocks correlated with GNLpE

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

Most correlated with GNLpE

Symbol	Company	Correlation
GNLpD	Global Net Lease, Inc. 7.50% Series D Cumulative Redeemable Perpetual Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.51
GNLpA	Global Net Lease, Inc. 7.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per shareREAL ESTATE INVESTMENT TRUSTS	0.36
TSYY	GraniteShares YieldBOOST TSLA ETF	0.28
HBANL	Huntington Bancshares Incorporated Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.28
XBTY	GraniteShares YieldBOOST Bitcoin ETF	0.28

Most inversely correlated with GNLpE

Symbol	Company	Correlation
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.23
BOXX	Alpha Architect 1-3 Month Box ETF	-0.21
VIXM	ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.20
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.19
VIXY	ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.19

Frequently asked questions about GNLpE correlations

Which stocks are most correlated with GNLpE?: Based on one year of daily returns, the stocks most correlated with Global Net Lease, Inc. 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (GNLpE) are GNLpD (0.51), GNLpA (0.36) and TSYY (0.28). 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 GNLpE?: Over the past year, the stocks most inversely correlated with Global Net Lease, Inc. 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (GNLpE) are VXZ (-0.23), BOXX (-0.21) and VIXM (-0.20). 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 GNLpE correlations calculated?: We compute the correlation of daily returns between GNLpE 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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