Which stocks are most correlated with KNRG?

Based on one year of daily returns, the stocks most correlated with Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) are QHY (0.76), THYF (0.75) and NBFC (0.71). 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 KNRG?

Over the past year, the stocks most inversely correlated with Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) are SJB (-0.51), SPXU (-0.48) and SH (-0.48). A negative correlation means the two stocks have tended to move in opposite directions.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) — Stock Correlations & Overview

Over the past year, KNRG has moved most closely with QHY, THYF, NBFC. Explore the stocks most correlated and inversely correlated with KNRG below, along with its price, financials, and company profile.

Stocks correlated with KNRG

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

Most correlated with KNRG

Symbol	Company	Correlation
QHY	WisdomTree U.S. High Yield Corporate Bond Fund	0.76
THYF	T. Rowe Price U.S. High Yield ETF	0.75
NBFC	Neuberger Flexible Credit Income ETF	0.71
GAEM	Simplify Gamma Emerging Market Bond ETF	0.70
QSIG	WisdomTree U.S. Short Term Corporate Bond Fund	0.68

Most inversely correlated with KNRG

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.51
SPXU	ProShares UltraPro Short S&P 500	-0.48
SH	ProShares Short S&P500	-0.48
SDS	ProShares UltraShort S&P500	-0.48
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.48

Frequently asked questions about KNRG correlations

Which stocks are most correlated with KNRG?: Based on one year of daily returns, the stocks most correlated with Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) are QHY (0.76), THYF (0.75) and NBFC (0.71). 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 KNRG?: Over the past year, the stocks most inversely correlated with Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) are SJB (-0.51), SPXU (-0.48) and SH (-0.48). 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 KNRG correlations calculated?: We compute the correlation of daily returns between KNRG 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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