Which stocks are most correlated with VALE?

Based on one year of daily returns, the stocks most correlated with VALE S.A. (VALE) are RIO (0.77), PICK (0.76) and BHP (0.74). 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 VALE?

Over the past year, the stocks most inversely correlated with VALE S.A. (VALE) are BZQ (-0.70), JDST (-0.60) and DUST (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.

VALE S.A. (VALE) — Stock Correlations & Overview

Over the past year, VALE has moved most closely with RIO, PICK, BHP. Explore the stocks most correlated and inversely correlated with VALE below, along with its price, financials, and company profile.

Stocks correlated with VALE

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

Most correlated with VALE

Symbol	Company	Correlation
RIO	Rio Tinto plc	0.77
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.76
BHP	BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)	0.74
ICOP	iShares Copper and Metals Mining ETF	0.74
ILF	iShares Latin America 40 ETF	0.73

Most inversely correlated with VALE

Symbol	Company	Correlation
BZQ	ProShares UltraShort MSCI Brazil Capped	-0.70
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.60
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.59
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.59
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.57

Frequently asked questions about VALE correlations

Which stocks are most correlated with VALE?: Based on one year of daily returns, the stocks most correlated with VALE S.A. (VALE) are RIO (0.77), PICK (0.76) and BHP (0.74). 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 VALE?: Over the past year, the stocks most inversely correlated with VALE S.A. (VALE) are BZQ (-0.70), JDST (-0.60) and DUST (-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 VALE correlations calculated?: We compute the correlation of daily returns between VALE 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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