Which stocks are most correlated with PXI?

Based on one year of daily returns, the stocks most correlated with Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF (PXI) are PSCE (0.90), XOP (0.90) and IEO (0.90). 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 PXI?

Over the past year, the stocks most inversely correlated with Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF (PXI) are DRIP (-0.90), OILD (-0.88) and WTID (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF (PXI) — Stock Correlations & Overview

Over the past year, PXI has moved most closely with PSCE, XOP, IEO. Explore the stocks most correlated and inversely correlated with PXI below, along with its price, financials, and company profile.

Stocks correlated with PXI

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

Most correlated with PXI

Symbol	Company	Correlation
PSCE	Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE	0.90
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	0.90
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	0.90
GUSH	Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF	0.90
RSPG	Invesco S&P 500 Equal Weight Energy ETF	0.90

Most inversely correlated with PXI

Symbol	Company	Correlation
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.90
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.88
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.87
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.87
ERY	Direxion Daily Energy Bear 2X ETF	-0.86

Frequently asked questions about PXI correlations

Which stocks are most correlated with PXI?: Based on one year of daily returns, the stocks most correlated with Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF (PXI) are PSCE (0.90), XOP (0.90) and IEO (0.90). 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 PXI?: Over the past year, the stocks most inversely correlated with Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF (PXI) are DRIP (-0.90), OILD (-0.88) and WTID (-0.87). 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 PXI correlations calculated?: We compute the correlation of daily returns between PXI 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.