United States 12 Month Oil Fund, LP (USL) — Stock Correlations & Overview
Over the past year, USL has moved most closely with UCO, OILK, DBO. Explore the stocks most correlated and inversely correlated with USL below, along with its price, financials, and company profile.
Stocks correlated with USL
Correlation of daily returns. Higher positive values move with USL; negative values move opposite it. Informational only, not investment advice.
Most correlated with USL
| Symbol | Company | Correlation |
|---|---|---|
| UCO | ProShares Ultra Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| OILK | ProShares K-1 Free Crude Oil ETF | 0.98 |
| DBO | Invesco DB Oil FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.95 |
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.94 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.93 |
Most inversely correlated with USL
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.75 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.74 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.74 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.71 |
Frequently asked questions about USL correlations
- Which stocks are most correlated with USL?
- Based on one year of daily returns, the stocks most correlated with United States 12 Month Oil Fund, LP (USL) are UCO (0.99), OILK (0.98) and DBO (0.95). 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 USL?
- Over the past year, the stocks most inversely correlated with United States 12 Month Oil Fund, LP (USL) are SCO (-0.99), NRGD (-0.75) and WTID (-0.74). 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 USL correlations calculated?
- We compute the correlation of daily returns between USL 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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