Roundhill Uranium ETF (UX) — Stock Correlations & Overview
Over the past year, UX has moved most closely with URNM, URAA, URA. Explore the stocks most correlated and inversely correlated with UX below, along with its price, financials, and company profile.
Stocks correlated with UX
Correlation of daily returns. Higher positive values move with UX; negative values move opposite it. Informational only, not investment advice.
Most correlated with UX
| Symbol | Company | Correlation |
|---|---|---|
| URNM | Sprott Uranium Miners ETF | 0.74 |
| URAA | Direxion Daily Uranium Industry Bull 2X ETF | 0.72 |
| URA | Global X Uranium ETF | 0.70 |
| NLR | VanEck Uranium and Nuclear ETF | 0.69 |
| URNJ | Sprott Junior Uranium Miners ETF | 0.69 |
Most inversely correlated with UX
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.47 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.46 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.46 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.43 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
Frequently asked questions about UX correlations
- Which stocks are most correlated with UX?
- Based on one year of daily returns, the stocks most correlated with Roundhill Uranium ETF (UX) are URNM (0.74), URAA (0.72) and URA (0.70). 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 UX?
- Over the past year, the stocks most inversely correlated with Roundhill Uranium ETF (UX) are JDST (-0.47), DUST (-0.46) and GDXD (-0.46). 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 UX correlations calculated?
- We compute the correlation of daily returns between UX 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.