Which stocks are most correlated with GOLY?

Based on one year of daily returns, the stocks most correlated with Strategy Shares Gold Enhanced Yield ETF (GOLY) are GDMN (0.85), PHYS (0.85) and SHNY (0.85). 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 GOLY?

Over the past year, the stocks most inversely correlated with Strategy Shares Gold Enhanced Yield ETF (GOLY) are GLL (-0.83), DULL (-0.82) and DUST (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

Strategy Shares Gold Enhanced Yield ETF (GOLY) — Stock Correlations & Overview

Over the past year, GOLY has moved most closely with GDMN, PHYS, SHNY. Explore the stocks most correlated and inversely correlated with GOLY below, along with its price, financials, and company profile.

Stocks correlated with GOLY

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

Most correlated with GOLY

Symbol	Company	Correlation
GDMN	WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	0.85
PHYS	Sprott Physical Gold Trust	0.85
SHNY	MicroSectors Gold 3x Leveraged ETNCOMMERCIAL BANKS, NEC	0.85
UGL	ProShares Ultra GoldCOMMODITY CONTRACTS BROKERS & DEALERS	0.85
DBP	Invesco DB Precious Metals FundCOMMODITY CONTRACTS BROKERS & DEALERS	0.84

Most inversely correlated with GOLY

Symbol	Company	Correlation
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.83
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.82
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.78
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.78
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.78

Frequently asked questions about GOLY correlations

Which stocks are most correlated with GOLY?: Based on one year of daily returns, the stocks most correlated with Strategy Shares Gold Enhanced Yield ETF (GOLY) are GDMN (0.85), PHYS (0.85) and SHNY (0.85). 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 GOLY?: Over the past year, the stocks most inversely correlated with Strategy Shares Gold Enhanced Yield ETF (GOLY) are GLL (-0.83), DULL (-0.82) and DUST (-0.78). 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 GOLY correlations calculated?: We compute the correlation of daily returns between GOLY 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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