iShares MSCI Global Silver and Metals Miners ETF (SLVP) — Stock Correlations & Overview
Over the past year, SLVP has moved most closely with SILJ, SIL, AGMI. Explore the stocks most correlated and inversely correlated with SLVP below, along with its price, financials, and company profile.
Stocks correlated with SLVP
Correlation of daily returns. Higher positive values move with SLVP; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLVP
| Symbol | Company | Correlation |
|---|---|---|
| SILJ | Amplify Junior Silver Miners ETF | 0.99 |
| SIL | Global X Silver Miners ETF (NEW) | 0.99 |
| AGMI | Themes Silver Miners ETF | 0.98 |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X ETF | 0.97 |
| SLVR | Sprott Silver Miners & Physical Silver ETFBLANK CHECKS | 0.97 |
Most inversely correlated with SLVP
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.97 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.96 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.96 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.84 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.83 |
Frequently asked questions about SLVP correlations
- Which stocks are most correlated with SLVP?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI Global Silver and Metals Miners ETF (SLVP) are SILJ (0.99), SIL (0.99) and AGMI (0.98). 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 SLVP?
- Over the past year, the stocks most inversely correlated with iShares MSCI Global Silver and Metals Miners ETF (SLVP) are JDST (-0.97), GDXD (-0.96) and DUST (-0.96). 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 SLVP correlations calculated?
- We compute the correlation of daily returns between SLVP 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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