Which stocks are most correlated with USAI?

Based on one year of daily returns, the stocks most correlated with Pacer American Energy Infrastructure ETF (USAI) are ENFR (0.96), MLPX (0.94) and TPYP (0.94). 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 USAI?

Over the past year, the stocks most inversely correlated with Pacer American Energy Infrastructure ETF (USAI) are ERY (-0.75), DUG (-0.75) and OILD (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.

Pacer American Energy Infrastructure ETF (USAI) — Stock Correlations & Overview

Over the past year, USAI has moved most closely with ENFR, MLPX, TPYP. Explore the stocks most correlated and inversely correlated with USAI below, along with its price, financials, and company profile.

Stocks correlated with USAI

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

Most correlated with USAI

Symbol	Company	Correlation
ENFR	Alerian Energy Infrastructure ETF	0.96
MLPX	Global X MLP & Energy Infrastructure ETF	0.94
TPYP	Tortoise North American Pipeline ETF	0.94
UMI	USCF Midstream Energy Income Fund	0.93
PIPE	Invesco SteelPath MLP & Energy Infrastructure ETF	0.93

Most inversely correlated with USAI

Symbol	Company	Correlation
ERY	Direxion Daily Energy Bear 2X ETF	-0.75
DUG	ProShares UltraShort Energy	-0.75
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.75
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.71
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.71

Frequently asked questions about USAI correlations

Which stocks are most correlated with USAI?: Based on one year of daily returns, the stocks most correlated with Pacer American Energy Infrastructure ETF (USAI) are ENFR (0.96), MLPX (0.94) and TPYP (0.94). 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 USAI?: Over the past year, the stocks most inversely correlated with Pacer American Energy Infrastructure ETF (USAI) are ERY (-0.75), DUG (-0.75) and OILD (-0.75). 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 USAI correlations calculated?: We compute the correlation of daily returns between USAI 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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