NXG Cushing Midstream Energy Fund (SRV) — Stock Correlations & Overview
Over the past year, SRV has moved most closely with USNG, NXG, PIPE. Explore the stocks most correlated and inversely correlated with SRV below, along with its price, financials, and company profile.
Stocks correlated with SRV
Correlation of daily returns. Higher positive values move with SRV; negative values move opposite it. Informational only, not investment advice.
Most correlated with SRV
| Symbol | Company | Correlation |
|---|---|---|
| USNG | Amplify Samsung U.S. Natural Gas Infrastructure ETF | 0.50 |
| NXG | NXG NextGen Infrastructure Income Fund | 0.49 |
| PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | 0.48 |
| MLPX | Global X MLP & Energy Infrastructure ETF | 0.48 |
| NBET | Neuberger Energy Transition & Infrastructure ETF | 0.47 |
Most inversely correlated with SRV
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
| DUG | ProShares UltraShort Energy | -0.36 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.36 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.35 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.33 |
Frequently asked questions about SRV correlations
- Which stocks are most correlated with SRV?
- Based on one year of daily returns, the stocks most correlated with NXG Cushing Midstream Energy Fund (SRV) are USNG (0.50), NXG (0.49) and PIPE (0.48). 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 SRV?
- Over the past year, the stocks most inversely correlated with NXG Cushing Midstream Energy Fund (SRV) are OILD (-0.36), DUG (-0.36) and ERY (-0.36). 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 SRV correlations calculated?
- We compute the correlation of daily returns between SRV 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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