Virtus Duff & Phelps Clean Energy ETF (VCLN) — Stock Correlations & Overview
Over the past year, VCLN has moved most closely with ICLN, SMOG, CTEC. Explore the stocks most correlated and inversely correlated with VCLN below, along with its price, financials, and company profile.
Stocks correlated with VCLN
Correlation of daily returns. Higher positive values move with VCLN; negative values move opposite it. Informational only, not investment advice.
Most correlated with VCLN
| Symbol | Company | Correlation |
|---|---|---|
| ICLN | iShares Global Clean Energy ETF | 0.78 |
| SMOG | VanEck Low Carbon Energy ETF | 0.73 |
| CTEC | Global X Funds Global X ClimateTech ETF | 0.72 |
| QCLN | First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.72 |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 0.71 |
Most inversely correlated with VCLN
| Symbol | Company | Correlation |
|---|---|---|
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.63 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.63 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.62 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.62 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.61 |
Frequently asked questions about VCLN correlations
- Which stocks are most correlated with VCLN?
- Based on one year of daily returns, the stocks most correlated with Virtus Duff & Phelps Clean Energy ETF (VCLN) are ICLN (0.78), SMOG (0.73) and CTEC (0.72). 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 VCLN?
- Over the past year, the stocks most inversely correlated with Virtus Duff & Phelps Clean Energy ETF (VCLN) are HIBS (-0.63), SOXS (-0.63) and EDZ (-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 VCLN correlations calculated?
- We compute the correlation of daily returns between VCLN 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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