Horizon Kinetics Inflation Beneficiaries ETF (INFL) — Stock Correlations & Overview
Over the past year, INFL has moved most closely with NANR, TURF, CSNR. Explore the stocks most correlated and inversely correlated with INFL below, along with its price, financials, and company profile.
Stocks correlated with INFL
Correlation of daily returns. Higher positive values move with INFL; negative values move opposite it. Informational only, not investment advice.
Most correlated with INFL
| Symbol | Company | Correlation |
|---|---|---|
| NANR | State Street SPDR S&P North American Natural Resources ETF | 0.84 |
| TURF | T. Rowe Price Natural Resource ETF | 0.83 |
| CSNR | Cohen & Steers Natural Resources Active ETF | 0.81 |
| GUNR | Northern Trust Morningstar Global Upstream Natural Resources ETF | 0.81 |
| GNR | State Street SPDR S&P Global Natural Resources ETF | 0.80 |
Most inversely correlated with INFL
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.69 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.68 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.68 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.61 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.60 |
Frequently asked questions about INFL correlations
- Which stocks are most correlated with INFL?
- Based on one year of daily returns, the stocks most correlated with Horizon Kinetics Inflation Beneficiaries ETF (INFL) are NANR (0.84), TURF (0.83) and CSNR (0.81). 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 INFL?
- Over the past year, the stocks most inversely correlated with Horizon Kinetics Inflation Beneficiaries ETF (INFL) are DUST (-0.69), GDXD (-0.68) and JDST (-0.68). 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 INFL correlations calculated?
- We compute the correlation of daily returns between INFL 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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