Which stocks are most correlated with WDS?

Based on one year of daily returns, the stocks most correlated with Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS) are IXC (0.73), FCG (0.71) and IEO (0.71). 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 WDS?

Over the past year, the stocks most inversely correlated with Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS) are DRIP (-0.70), WTID (-0.69) and OILD (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS) — Stock Correlations & Overview

Over the past year, WDS has moved most closely with IXC, FCG, IEO. Explore the stocks most correlated and inversely correlated with WDS below, along with its price, financials, and company profile.

Stocks correlated with WDS

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

Most correlated with WDS

Symbol	Company	Correlation
IXC	iShares Global Energy ETF	0.73
FCG	First Trust Natural Gas ETF	0.71
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	0.71
GUSH	Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF	0.71
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	0.70

Most inversely correlated with WDS

Symbol	Company	Correlation
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.70
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.69
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.69
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.68
DUG	ProShares UltraShort Energy	-0.67

Frequently asked questions about WDS correlations

Which stocks are most correlated with WDS?: Based on one year of daily returns, the stocks most correlated with Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS) are IXC (0.73), FCG (0.71) and IEO (0.71). 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 WDS?: Over the past year, the stocks most inversely correlated with Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS) are DRIP (-0.70), WTID (-0.69) and OILD (-0.69). 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 WDS correlations calculated?: We compute the correlation of daily returns between WDS 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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