Which stocks are most correlated with SOR?

Based on one year of daily returns, the stocks most correlated with Source Capital (SOR) are FCEF (0.50), BOE (0.49) and PCEF (0.49). 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 SOR?

Over the past year, the stocks most inversely correlated with Source Capital (SOR) are SPDN (-0.44), SPXS (-0.43) and QQQD (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

Source Capital (SOR) — Stock Correlations & Overview

Over the past year, SOR has moved most closely with FCEF, BOE, PCEF. Explore the stocks most correlated and inversely correlated with SOR below, along with its price, financials, and company profile.

Stocks correlated with SOR

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

Most correlated with SOR

Symbol	Company	Correlation
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.50
BOE	BlackRock Enhanced Global Dividend Trust	0.49
PCEF	Invesco CEF Income Composite ETFINVESTMENT ADVICE	0.49
ETY	Eaton Vance Tax-Managed Diversified Equity Income Fund	0.49
XNOV	FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November	0.49

Most inversely correlated with SOR

Symbol	Company	Correlation
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.44
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.43
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.43
SPXU	ProShares UltraPro Short S&P 500	-0.43
SDS	ProShares UltraShort S&P500	-0.42

Frequently asked questions about SOR correlations

Which stocks are most correlated with SOR?: Based on one year of daily returns, the stocks most correlated with Source Capital (SOR) are FCEF (0.50), BOE (0.49) and PCEF (0.49). 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 SOR?: Over the past year, the stocks most inversely correlated with Source Capital (SOR) are SPDN (-0.44), SPXS (-0.43) and QQQD (-0.43). 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 SOR correlations calculated?: We compute the correlation of daily returns between SOR 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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