US Commodity Index (USCI) — Stock Correlations & Overview
Over the past year, USCI has moved most closely with SDCI, DBC, PDBC. Explore the stocks most correlated and inversely correlated with USCI below, along with its price, financials, and company profile.
Stocks correlated with USCI
Correlation of daily returns. Higher positive values move with USCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with USCI
| Symbol | Company | Correlation |
|---|---|---|
| SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 0.97 |
| DBC | Invesco DB Commodity Index Tracking FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
| PDBC | Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 0.89 |
| DCMT | DoubleLine Commodity Strategy ETF | 0.89 |
| CMDT | PIMCO Commodity Strategy Active Exchange-Traded Fund | 0.89 |
Most inversely correlated with USCI
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.80 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.62 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.62 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.60 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.58 |
Frequently asked questions about USCI correlations
- Which stocks are most correlated with USCI?
- Based on one year of daily returns, the stocks most correlated with US Commodity Index (USCI) are SDCI (0.97), DBC (0.90) and PDBC (0.89). 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 USCI?
- Over the past year, the stocks most inversely correlated with US Commodity Index (USCI) are SCO (-0.80), DRIP (-0.62) and NRGD (-0.62). 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 USCI correlations calculated?
- We compute the correlation of daily returns between USCI 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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