Which stocks are most correlated with NEE?

Based on one year of daily returns, the stocks most correlated with NextEra Energy, Inc. (NEE) are NEEpS (0.88), NEEpT (0.86) and XLU (0.73). 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 NEE?

Over the past year, the stocks most inversely correlated with NextEra Energy, Inc. (NEE) are SDP (-0.73), SRS (-0.40) and REK (-0.39). A negative correlation means the two stocks have tended to move in opposite directions.

NextEra Energy, Inc. (NEE) — Stock Correlations & Overview

Over the past year, NEE has moved most closely with NEEpS, NEEpT, XLU. Explore the stocks most correlated and inversely correlated with NEE below, along with its price, financials, and company profile.

Stocks correlated with NEE

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

Most correlated with NEE

Symbol	Company	Correlation
NEEpS	NextEra Energy, Inc. 7.299% Corporate UnitsELECTRIC SERVICES	0.88
NEEpT	NextEra Energy, Inc. 7.234% Corporate UnitsELECTRIC SERVICES	0.86
XLU	State Street Utilities Select Sector SPDR ETF	0.73
UTSL	Direxion Daily Utilities Bull 3X ETF	0.73
IDU	iShares U.S. Utilities ETF	0.72

Most inversely correlated with NEE

Symbol	Company	Correlation
SDP	ProShares UltraShort Utilities	-0.73
SRS	ProShares UltraShort Real Estate	-0.40
REK	ProShares Short Real Estate	-0.39
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.39
NOW	SERVICENOW, INC.SERVICES-PREPACKAGED SOFTWARE	-0.31

Frequently asked questions about NEE correlations

Which stocks are most correlated with NEE?: Based on one year of daily returns, the stocks most correlated with NextEra Energy, Inc. (NEE) are NEEpS (0.88), NEEpT (0.86) and XLU (0.73). 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 NEE?: Over the past year, the stocks most inversely correlated with NextEra Energy, Inc. (NEE) are SDP (-0.73), SRS (-0.40) and REK (-0.39). 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 NEE correlations calculated?: We compute the correlation of daily returns between NEE 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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