Which stocks are most correlated with GRN?

Based on one year of daily returns, the stocks most correlated with iPath Series B Carbon Exchange-Traded Notes (GRN) are KRBN (0.90), WDTE (0.34) and CTWO (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 GRN?

Over the past year, the stocks most inversely correlated with iPath Series B Carbon Exchange-Traded Notes (GRN) are SPDN (-0.27), SPXS (-0.27) and SPXU (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

iPath Series B Carbon Exchange-Traded Notes (GRN) — Stock Correlations & Overview

Over the past year, GRN has moved most closely with KRBN, WDTE, CTWO. Explore the stocks most correlated and inversely correlated with GRN below, along with its price, financials, and company profile.

Stocks correlated with GRN

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

Most correlated with GRN

Symbol	Company	Correlation
KRBN	KraneShares Global Carbon Strategy ETF	0.90
WDTE	Defiance S&P 500 Weekly Distribution ETF	0.34
CTWO	COtwo Advisors Physical European Carbon Allowance TrustFINANCE SERVICES	0.33
SIXZ	AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF	0.33
SIXO	AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF	0.32

Most inversely correlated with GRN

Symbol	Company	Correlation
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.27
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.27
SPXU	ProShares UltraPro Short S&P 500	-0.27
SDS	ProShares UltraShort S&P500	-0.26
TAIL	Cambria Tail Risk ETF	-0.26

Frequently asked questions about GRN correlations

Which stocks are most correlated with GRN?: Based on one year of daily returns, the stocks most correlated with iPath Series B Carbon Exchange-Traded Notes (GRN) are KRBN (0.90), WDTE (0.34) and CTWO (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 GRN?: Over the past year, the stocks most inversely correlated with iPath Series B Carbon Exchange-Traded Notes (GRN) are SPDN (-0.27), SPXS (-0.27) and SPXU (-0.27). 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 GRN correlations calculated?: We compute the correlation of daily returns between GRN 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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