Which stocks are most correlated with SHEL?

Based on one year of daily returns, the stocks most correlated with Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) are SHEH (0.95), BP (0.80) and IXC (0.80). 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 SHEL?

Over the past year, the stocks most inversely correlated with Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) are OILD (-0.70), DUG (-0.69) and ERY (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) — Stock Correlations & Overview

Over the past year, SHEL has moved most closely with SHEH, BP, IXC. Explore the stocks most correlated and inversely correlated with SHEL below, along with its price, financials, and company profile.

Stocks correlated with SHEL

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

Most correlated with SHEL

Symbol	Company	Correlation
SHEH	Shell plc ADRhedged	0.95
BP	BP p.l.c.	0.80
IXC	iShares Global Energy ETF	0.80
E	ENI S.p.A.	0.76
BPH	BP p.l.c. ADRhedged	0.75

Most inversely correlated with SHEL

Symbol	Company	Correlation
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.70
DUG	ProShares UltraShort Energy	-0.69
ERY	Direxion Daily Energy Bear 2X ETF	-0.69
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.68
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.67

Frequently asked questions about SHEL correlations

Which stocks are most correlated with SHEL?: Based on one year of daily returns, the stocks most correlated with Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) are SHEH (0.95), BP (0.80) and IXC (0.80). 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 SHEL?: Over the past year, the stocks most inversely correlated with Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) are OILD (-0.70), DUG (-0.69) and ERY (-0.69). 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 SHEL correlations calculated?: We compute the correlation of daily returns between SHEL 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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