KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) — Stock Correlations & Overview
Over the past year, KMLM has moved most closely with CTA, PIT, PDBC. Explore the stocks most correlated and inversely correlated with KMLM below, along with its price, financials, and company profile.
Stocks correlated with KMLM
Correlation of daily returns. Higher positive values move with KMLM; negative values move opposite it. Informational only, not investment advice.
Most correlated with KMLM
| Symbol | Company | Correlation |
|---|---|---|
| CTA | Simplify Managed Futures Strategy ETFPLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) | 0.71 |
| PIT | VanEck Commodity Strategy ETF | 0.71 |
| PDBC | Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 0.68 |
| DBC | Invesco DB Commodity Index Tracking FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.67 |
| HARD | Simplify Commodities Strategy No K-1 ETF | 0.66 |
Most inversely correlated with KMLM
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.55 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.48 |
| BNDX | Vanguard Total International Bond ETF | -0.46 |
| BNDW | Vanguard Total World Bond ETF | -0.45 |
| FCOR | Fidelity Corporate Bond ETF | -0.45 |
Frequently asked questions about KMLM correlations
- Which stocks are most correlated with KMLM?
- Based on one year of daily returns, the stocks most correlated with KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) are CTA (0.71), PIT (0.71) and PDBC (0.68). 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 KMLM?
- Over the past year, the stocks most inversely correlated with KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) are SCO (-0.55), NRGD (-0.48) and BNDX (-0.46). 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 KMLM correlations calculated?
- We compute the correlation of daily returns between KMLM 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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