USCF Energy Commodity Strategy Absolute Return Fund (USE) — Stock Correlations & Overview
Over the past year, USE has moved most closely with BNO, USO, DBE. Explore the stocks most correlated and inversely correlated with USE below, along with its price, financials, and company profile.
Stocks correlated with USE
Correlation of daily returns. Higher positive values move with USE; negative values move opposite it. Informational only, not investment advice.
Most correlated with USE
| Symbol | Company | Correlation |
|---|---|---|
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.88 |
| USO | United States Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.87 |
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.85 |
| DBO | Invesco DB Oil FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.85 |
| UCO | ProShares Ultra Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | 0.84 |
Most inversely correlated with USE
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.84 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.61 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.59 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.58 |
| PPG | PPG Industries, Inc.PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODS | -0.57 |
Frequently asked questions about USE correlations
- Which stocks are most correlated with USE?
- Based on one year of daily returns, the stocks most correlated with USCF Energy Commodity Strategy Absolute Return Fund (USE) are BNO (0.88), USO (0.87) and DBE (0.85). 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 USE?
- Over the past year, the stocks most inversely correlated with USCF Energy Commodity Strategy Absolute Return Fund (USE) are SCO (-0.84), NRGD (-0.61) and DRIP (-0.59). 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 USE correlations calculated?
- We compute the correlation of daily returns between USE 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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