Xtrackers RREEF Global Natural Resources ETF (NRES) — Stock Correlations & Overview
Over the past year, NRES has moved most closely with GNR, GUNR, TURF. Explore the stocks most correlated and inversely correlated with NRES below, along with its price, financials, and company profile.
Stocks correlated with NRES
Correlation of daily returns. Higher positive values move with NRES; negative values move opposite it. Informational only, not investment advice.
Most correlated with NRES
| Symbol | Company | Correlation |
|---|---|---|
| GNR | State Street SPDR S&P Global Natural Resources ETF | 0.97 |
| GUNR | Northern Trust Morningstar Global Upstream Natural Resources ETF | 0.97 |
| TURF | T. Rowe Price Natural Resource ETF | 0.94 |
| HAP | VanEck Natural Resources ETF | 0.94 |
| CSNR | Cohen & Steers Natural Resources Active ETF | 0.94 |
Most inversely correlated with NRES
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.71 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.70 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.69 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.67 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.66 |
Frequently asked questions about NRES correlations
- Which stocks are most correlated with NRES?
- Based on one year of daily returns, the stocks most correlated with Xtrackers RREEF Global Natural Resources ETF (NRES) are GNR (0.97), GUNR (0.97) and TURF (0.94). 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 NRES?
- Over the past year, the stocks most inversely correlated with Xtrackers RREEF Global Natural Resources ETF (NRES) are DUST (-0.71), GDXD (-0.70) and JDST (-0.69). 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 NRES correlations calculated?
- We compute the correlation of daily returns between NRES 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.