ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038 (UCIB) — Stock Correlations & Overview
Over the past year, UCIB has moved most closely with PDBC, DBC, CERY. Explore the stocks most correlated and inversely correlated with UCIB below, along with its price, financials, and company profile.
Stocks correlated with UCIB
Correlation of daily returns. Higher positive values move with UCIB; negative values move opposite it. Informational only, not investment advice.
Most correlated with UCIB
| Symbol | Company | Correlation |
|---|---|---|
| PDBC | Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 0.49 |
| DBC | Invesco DB Commodity Index Tracking FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.49 |
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 0.48 |
| USCI | US Commodity IndexCOMMODITY CONTRACTS BROKERS & DEALERS | 0.47 |
| CMDT | PIMCO Commodity Strategy Active Exchange-Traded Fund | 0.47 |
Most inversely correlated with UCIB
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.43 |
| OPK | Opko Health Inc.PHARMACEUTICAL PREPARATIONS | -0.42 |
| DAAQ | Digital Asset Acquisition Corp. Class A Ordinary sharesSTATE COMMERCIAL BANKS | -0.30 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.29 |
| YFFI | Indexperts Yield Focused Fixed Income ETF | -0.29 |
Frequently asked questions about UCIB correlations
- Which stocks are most correlated with UCIB?
- Based on one year of daily returns, the stocks most correlated with ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038 (UCIB) are PDBC (0.49), DBC (0.49) and CERY (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 UCIB?
- Over the past year, the stocks most inversely correlated with ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038 (UCIB) are SCO (-0.43), OPK (-0.42) and DAAQ (-0.30). 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 UCIB correlations calculated?
- We compute the correlation of daily returns between UCIB 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.