Which stocks are most correlated with GOF?

Based on one year of daily returns, the stocks most correlated with Guggenheim Strategic Opportunities Fund (GOF) are PTY (0.62), PDI (0.59) and PAXS (0.52). 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 GOF?

Over the past year, the stocks most inversely correlated with Guggenheim Strategic Opportunities Fund (GOF) are EPV (-0.32), EFZ (-0.31) and DXD (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

Guggenheim Strategic Opportunities Fund (GOF) — Stock Correlations & Overview

Over the past year, GOF has moved most closely with PTY, PDI, PAXS. Explore the stocks most correlated and inversely correlated with GOF below, along with its price, financials, and company profile.

Stocks correlated with GOF

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

Most correlated with GOF

Symbol	Company	Correlation
PTY	PIMCO Corporate & Income Opportunity Fund	0.62
PDI	PIMCO Dynamic Income Fund	0.59
PAXS	PIMCO Access Income Fund	0.52
PCN	PIMCO Corporate & Income Strategy Fund	0.52
BIT	BLACKROCK MULTI-SECTOR INCOME TRUST	0.49

Most inversely correlated with GOF

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.32
EFZ	ProShares Trust Short MSCI EAFE	-0.31
DXD	ProShares UltraShort Dow 30	-0.31
DOG	ProShares Short Dow30	-0.31
SDOW	ProShares UltraPro Short Dow 30	-0.31

Frequently asked questions about GOF correlations

Which stocks are most correlated with GOF?: Based on one year of daily returns, the stocks most correlated with Guggenheim Strategic Opportunities Fund (GOF) are PTY (0.62), PDI (0.59) and PAXS (0.52). 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 GOF?: Over the past year, the stocks most inversely correlated with Guggenheim Strategic Opportunities Fund (GOF) are EPV (-0.32), EFZ (-0.31) and DXD (-0.31). 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 GOF correlations calculated?: We compute the correlation of daily returns between GOF 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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