iShares U.S. Oil Equipment & Services ETF (IEZ) — Stock Correlations & Overview
Over the past year, IEZ has moved most closely with OIH, XES, PXJ. Explore the stocks most correlated and inversely correlated with IEZ below, along with its price, financials, and company profile.
Stocks correlated with IEZ
Correlation of daily returns. Higher positive values move with IEZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with IEZ
| Symbol | Company | Correlation |
|---|---|---|
| OIH | VanEck Oil Services ETF | 0.99 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.95 |
| PXJ | Invesco Oil & Gas Services ETF | 0.91 |
| NOV | NOV Inc.OIL & GAS FIELD MACHINERY & EQUIPMENT | 0.85 |
| SLB | SLB LimitedOIL & GAS FIELD SERVICES, NEC | 0.84 |
Most inversely correlated with IEZ
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.69 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.67 |
| DUG | ProShares UltraShort Energy | -0.66 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.58 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.58 |
Frequently asked questions about IEZ correlations
- Which stocks are most correlated with IEZ?
- Based on one year of daily returns, the stocks most correlated with iShares U.S. Oil Equipment & Services ETF (IEZ) are OIH (0.99), XES (0.95) and PXJ (0.91). 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 IEZ?
- Over the past year, the stocks most inversely correlated with iShares U.S. Oil Equipment & Services ETF (IEZ) are OILD (-0.69), ERY (-0.67) and DUG (-0.66). 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 IEZ correlations calculated?
- We compute the correlation of daily returns between IEZ 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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