Which stocks are most correlated with SGDJ?

Based on one year of daily returns, the stocks most correlated with Sprott Junior Gold Miners ETF (SGDJ) are JNUG (0.96), GDXJ (0.96) and GBUG (0.96). 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 SGDJ?

Over the past year, the stocks most inversely correlated with Sprott Junior Gold Miners ETF (SGDJ) are JDST (-0.96), DUST (-0.94) and GDXD (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.

Sprott Junior Gold Miners ETF (SGDJ) — Stock Correlations & Overview

Over the past year, SGDJ has moved most closely with JNUG, GDXJ, GBUG. Explore the stocks most correlated and inversely correlated with SGDJ below, along with its price, financials, and company profile.

Stocks correlated with SGDJ

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

Most correlated with SGDJ

Symbol	Company	Correlation
JNUG	Direxion Daily Junior Gold Miners Index Bull 2X ETF	0.96
GDXJ	VanEck Junior Gold Miners ETF	0.96
GBUG	Sprott Active Gold & Silver Miners ETF	0.96
GOEX	Global X Gold Explorers ETF (NEW)	0.96
AUMI	Themes Gold Miners ETF	0.96

Most inversely correlated with SGDJ

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.96
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.94
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.94
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.84
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.84

Frequently asked questions about SGDJ correlations

Which stocks are most correlated with SGDJ?: Based on one year of daily returns, the stocks most correlated with Sprott Junior Gold Miners ETF (SGDJ) are JNUG (0.96), GDXJ (0.96) and GBUG (0.96). 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 SGDJ?: Over the past year, the stocks most inversely correlated with Sprott Junior Gold Miners ETF (SGDJ) are JDST (-0.96), DUST (-0.94) and GDXD (-0.94). 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 SGDJ correlations calculated?: We compute the correlation of daily returns between SGDJ 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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