NYLIM CBRE Global Infrastructure Megatrends Term Fund (MEGI) — Stock Correlations & Overview
Over the past year, MEGI has moved most closely with IGF, ZTR, GII. Explore the stocks most correlated and inversely correlated with MEGI below, along with its price, financials, and company profile.
Stocks correlated with MEGI
Correlation of daily returns. Higher positive values move with MEGI; negative values move opposite it. Informational only, not investment advice.
Most correlated with MEGI
| Symbol | Company | Correlation |
|---|---|---|
| IGF | iShares Global Infrastructure ETF | 0.64 |
| ZTR | Virtus Total Return Fund Inc. | 0.62 |
| GII | State Street SPDR S&P Global Infrastructure ETF | 0.62 |
| RIFR | Russell Investments Exchange Traded Funds Russell Investments Global Infrastructure ETF | 0.62 |
| DPG | Duff & Phelps Utility and Infrastructure Fund Inc. | 0.61 |
Frequently asked questions about MEGI correlations
- Which stocks are most correlated with MEGI?
- Based on one year of daily returns, the stocks most correlated with NYLIM CBRE Global Infrastructure Megatrends Term Fund (MEGI) are IGF (0.64), ZTR (0.62) and GII (0.62). 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 MEGI?
- Over the past year, the stocks most inversely correlated with NYLIM CBRE Global Infrastructure Megatrends Term Fund (MEGI) are SDP (-0.56), SRS (-0.47) and REK (-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 MEGI correlations calculated?
- We compute the correlation of daily returns between MEGI 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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