Which stocks are most correlated with RBLD?

Based on one year of daily returns, the stocks most correlated with First Trust Alerian US NextGen Infrastructure ETF (RBLD) are PAVE (0.90), VIS (0.90) and FIDU (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 RBLD?

Over the past year, the stocks most inversely correlated with First Trust Alerian US NextGen Infrastructure ETF (RBLD) are SIJ (-0.86), SMDD (-0.83) and MZZ (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Alerian US NextGen Infrastructure ETF (RBLD) — Stock Correlations & Overview

Over the past year, RBLD has moved most closely with PAVE, VIS, FIDU. Explore the stocks most correlated and inversely correlated with RBLD below, along with its price, financials, and company profile.

Stocks correlated with RBLD

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

Most correlated with RBLD

Symbol	Company	Correlation
PAVE	Global X U.S. Infrastructure Development ETF	0.90
VIS	Vanguard Industrials ETF	0.90
FIDU	Fidelity MSCI Industrials Index ETF	0.90
ELFY	ALPS Electrification Infrastructure ETF	0.89
LOPP	Gabelli Love Our Planet & People ETF	0.89

Most inversely correlated with RBLD

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.86
SMDD	ProShares UltraPro Short MidCap400	-0.83
MZZ	ProShares UltraShort MidCap400	-0.83
MYY	ProShares Short MidCap400	-0.83
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.79

Frequently asked questions about RBLD correlations

Which stocks are most correlated with RBLD?: Based on one year of daily returns, the stocks most correlated with First Trust Alerian US NextGen Infrastructure ETF (RBLD) are PAVE (0.90), VIS (0.90) and FIDU (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 RBLD?: Over the past year, the stocks most inversely correlated with First Trust Alerian US NextGen Infrastructure ETF (RBLD) are SIJ (-0.86), SMDD (-0.83) and MZZ (-0.83). 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 RBLD correlations calculated?: We compute the correlation of daily returns between RBLD 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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