Amplify Energy & Natural Resources Covered Call ETF (NDIV) — Stock Correlations & Overview
Over the past year, NDIV has moved most closely with FXN, PSCE, FTXN. Explore the stocks most correlated and inversely correlated with NDIV below, along with its price, financials, and company profile.
Stocks correlated with NDIV
Correlation of daily returns. Higher positive values move with NDIV; negative values move opposite it. Informational only, not investment advice.
Most correlated with NDIV
| Symbol | Company | Correlation |
|---|---|---|
| FXN | First Trust Energy AlphaDEX Fund | 0.84 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.84 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 0.82 |
| OILT | Texas Capital Texas Oil Index ETF | 0.81 |
| FENY | Fidelity MSCI Energy Index ETF | 0.81 |
Most inversely correlated with NDIV
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.81 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.80 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.79 |
| DUG | ProShares UltraShort Energy | -0.78 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.77 |
Frequently asked questions about NDIV correlations
- Which stocks are most correlated with NDIV?
- Based on one year of daily returns, the stocks most correlated with Amplify Energy & Natural Resources Covered Call ETF (NDIV) are FXN (0.84), PSCE (0.84) and FTXN (0.82). 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 NDIV?
- Over the past year, the stocks most inversely correlated with Amplify Energy & Natural Resources Covered Call ETF (NDIV) are DRIP (-0.81), OILD (-0.80) and ERY (-0.79). 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 NDIV correlations calculated?
- We compute the correlation of daily returns between NDIV 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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