Long Pond Real Estate Select ETF (LPRE) — Stock Correlations & Overview
Over the past year, LPRE has moved most closely with NURE, RSPR, PPTY. Explore the stocks most correlated and inversely correlated with LPRE below, along with its price, financials, and company profile.
Stocks correlated with LPRE
Correlation of daily returns. Higher positive values move with LPRE; negative values move opposite it. Informational only, not investment advice.
Most correlated with LPRE
| Symbol | Company | Correlation |
|---|---|---|
| NURE | Nuveen Short-Term REIT ETF | 0.90 |
| RSPR | Invesco S&P 500 Equal Weight Real Estate ETF | 0.88 |
| PPTY | U.S. Diversified Real Estate ETF | 0.87 |
| SRHR | SRH REIT Covered Call ETF | 0.86 |
| FREL | Fidelity MSCI Real Estate Index ETF | 0.86 |
Most inversely correlated with LPRE
| Symbol | Company | Correlation |
|---|---|---|
| SRS | ProShares UltraShort Real Estate | -0.84 |
| DRV | Direxion Daily Real Estate Bear 3X ETF | -0.84 |
| REK | ProShares Short Real Estate | -0.84 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.59 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.59 |
Frequently asked questions about LPRE correlations
- Which stocks are most correlated with LPRE?
- Based on one year of daily returns, the stocks most correlated with Long Pond Real Estate Select ETF (LPRE) are NURE (0.90), RSPR (0.88) and PPTY (0.87). 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 LPRE?
- Over the past year, the stocks most inversely correlated with Long Pond Real Estate Select ETF (LPRE) are SRS (-0.84), DRV (-0.84) and REK (-0.84). 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 LPRE correlations calculated?
- We compute the correlation of daily returns between LPRE 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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