Which stocks are most correlated with MLPB?

Based on one year of daily returns, the stocks most correlated with ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB) are MLPR (0.93), AMUB (0.93) and AMLP (0.91). 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 MLPB?

Over the past year, the stocks most inversely correlated with ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB) are ERY (-0.67), DUG (-0.67) and OILD (-0.66). A negative correlation means the two stocks have tended to move in opposite directions.

ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB) — Stock Correlations & Overview

Over the past year, MLPB has moved most closely with MLPR, AMUB, AMLP. Explore the stocks most correlated and inversely correlated with MLPB below, along with its price, financials, and company profile.

Stocks correlated with MLPB

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

Most correlated with MLPB

Symbol	Company	Correlation
MLPR	ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN	0.93
AMUB	ETRACS Alerian MLP Index ETN Series B due July 18, 2042	0.93
AMLP	Alerian MLP ETF	0.91
ATMP	iPath Select MLP ETN	0.90
MLPA	Global X MLP ETF	0.90

Most inversely correlated with MLPB

Symbol	Company	Correlation
ERY	Direxion Daily Energy Bear 2X ETF	-0.67
DUG	ProShares UltraShort Energy	-0.67
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.66
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.62
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.62

Frequently asked questions about MLPB correlations

Which stocks are most correlated with MLPB?: Based on one year of daily returns, the stocks most correlated with ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB) are MLPR (0.93), AMUB (0.93) and AMLP (0.91). 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 MLPB?: Over the past year, the stocks most inversely correlated with ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB) are ERY (-0.67), DUG (-0.67) and OILD (-0.66). 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 MLPB correlations calculated?: We compute the correlation of daily returns between MLPB 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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