MicroSectors U.S. Big Oil 3x Leveraged ETNs due February 17, 2045 (NRGU) — Stock Correlations & Overview
Over the past year, NRGU has moved most closely with WTIU, DRLL, IEO. Explore the stocks most correlated and inversely correlated with NRGU below, along with its price, financials, and company profile.
Stocks correlated with NRGU
Correlation of daily returns. Higher positive values move with NRGU; negative values move opposite it. Informational only, not investment advice.
Most correlated with NRGU
| Symbol | Company | Correlation |
|---|---|---|
| WTIU | MicroSectors Energy 3x Leveraged ETNsCOMMERCIAL BANKS, NEC | 0.98 |
| DRLL | Strive U.S. Energy ETF | 0.97 |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 0.97 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 0.96 |
| OILU | MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.95 |
Most inversely correlated with NRGU
| Symbol | Company | Correlation |
|---|---|---|
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.98 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.97 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.95 |
| DUG | ProShares UltraShort Energy | -0.95 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.95 |
Frequently asked questions about NRGU correlations
- Which stocks are most correlated with NRGU?
- Based on one year of daily returns, the stocks most correlated with MicroSectors U.S. Big Oil 3x Leveraged ETNs due February 17, 2045 (NRGU) are WTIU (0.98), DRLL (0.97) and IEO (0.97). 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 NRGU?
- Over the past year, the stocks most inversely correlated with MicroSectors U.S. Big Oil 3x Leveraged ETNs due February 17, 2045 (NRGU) are NRGD (-0.98), WTID (-0.97) and ERY (-0.95). 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 NRGU correlations calculated?
- We compute the correlation of daily returns between NRGU 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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