Which stocks are most correlated with MLPD?

Based on one year of daily returns, the stocks most correlated with Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) are UMI (0.68), PIPE (0.68) and ATMP (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 MLPD?

Over the past year, the stocks most inversely correlated with Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) are ERY (-0.50), OILD (-0.50) and DUG (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) — Stock Correlations & Overview

Over the past year, MLPD has moved most closely with UMI, PIPE, ATMP. Explore the stocks most correlated and inversely correlated with MLPD below, along with its price, financials, and company profile.

Stocks correlated with MLPD

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

Most correlated with MLPD

Symbol	Company	Correlation
UMI	USCF Midstream Energy Income Fund	0.68
PIPE	Invesco SteelPath MLP & Energy Infrastructure ETF	0.68
ATMP	iPath Select MLP ETN	0.68
MLPX	Global X MLP & Energy Infrastructure ETF	0.67
ENFR	Alerian Energy Infrastructure ETF	0.66

Most inversely correlated with MLPD

Symbol	Company	Correlation
ERY	Direxion Daily Energy Bear 2X ETF	-0.50
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.50
DUG	ProShares UltraShort Energy	-0.50
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.48
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.45

Frequently asked questions about MLPD correlations

Which stocks are most correlated with MLPD?: Based on one year of daily returns, the stocks most correlated with Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) are UMI (0.68), PIPE (0.68) and ATMP (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 MLPD?: Over the past year, the stocks most inversely correlated with Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) are ERY (-0.50), OILD (-0.50) and DUG (-0.50). 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 MLPD correlations calculated?: We compute the correlation of daily returns between MLPD 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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