Invesco DB US Dollar Index Bearish Fund (UDN) — Stock Correlations & Overview
Over the past year, UDN has moved most closely with FXE, ISHG, ULE. Explore the stocks most correlated and inversely correlated with UDN below, along with its price, financials, and company profile.
Stocks correlated with UDN
Correlation of daily returns. Higher positive values move with UDN; negative values move opposite it. Informational only, not investment advice.
Most correlated with UDN
| Symbol | Company | Correlation |
|---|---|---|
| FXE | Invesco CurrencyShares Euro Currency TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.85 |
| ISHG | iShares 1-3 Year International Treasury Bond ETF | 0.83 |
| ULE | ProShares Ultra EuroCOMMODITY CONTRACTS BROKERS & DEALERS | 0.81 |
| FXF | Invesco CurrencyShares Swiss Franc TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.79 |
| PICB | Invesco International Corporate Bond ETF | 0.78 |
Most inversely correlated with UDN
| Symbol | Company | Correlation |
|---|---|---|
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.84 |
| USDU | WisdomTree Bloomberg U.S. Dollar Bullish Fund | -0.63 |
| YCS | ProShares UltraShort YenCOMMODITY CONTRACTS BROKERS & DEALERS | -0.60 |
| UUP | Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.53 |
| EPV | ProShares UltraShort FTSE Europe | -0.50 |
Frequently asked questions about UDN correlations
- Which stocks are most correlated with UDN?
- Based on one year of daily returns, the stocks most correlated with Invesco DB US Dollar Index Bearish Fund (UDN) are FXE (0.85), ISHG (0.83) and ULE (0.81). 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 UDN?
- Over the past year, the stocks most inversely correlated with Invesco DB US Dollar Index Bearish Fund (UDN) are EUO (-0.84), USDU (-0.63) and YCS (-0.60). 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 UDN correlations calculated?
- We compute the correlation of daily returns between UDN 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.