Kraneshares MSCI One Belt One Road Index ETF (OBOR) — Stock Correlations & Overview
Over the past year, OBOR has moved most closely with PICK, COPA, ICOP. Explore the stocks most correlated and inversely correlated with OBOR below, along with its price, financials, and company profile.
Stocks correlated with OBOR
Correlation of daily returns. Higher positive values move with OBOR; negative values move opposite it. Informational only, not investment advice.
Most correlated with OBOR
| Symbol | Company | Correlation |
|---|---|---|
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 0.79 |
| COPA | Themes Copper Miners ETF | 0.79 |
| ICOP | iShares Copper and Metals Mining ETF | 0.78 |
| EZA | iShares MSCI South Africa ETF | 0.77 |
| COPX | Global X Copper Miners ETF (NEW) | 0.77 |
Most inversely correlated with OBOR
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.71 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.70 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.70 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.70 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.67 |
Frequently asked questions about OBOR correlations
- Which stocks are most correlated with OBOR?
- Based on one year of daily returns, the stocks most correlated with Kraneshares MSCI One Belt One Road Index ETF (OBOR) are PICK (0.79), COPA (0.79) and ICOP (0.78). 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 OBOR?
- Over the past year, the stocks most inversely correlated with Kraneshares MSCI One Belt One Road Index ETF (OBOR) are DUST (-0.71), ZSL (-0.70) and JDST (-0.70). 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 OBOR correlations calculated?
- We compute the correlation of daily returns between OBOR 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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