Which stocks are most correlated with WEEI?

Based on one year of daily returns, the stocks most correlated with Westwood Salient Enhanced Energy Income ETF (WEEI) are IYE (0.93), VDE (0.93) and FENY (0.93). 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 WEEI?

Over the past year, the stocks most inversely correlated with Westwood Salient Enhanced Energy Income ETF (WEEI) are DUG (-0.93), ERY (-0.93) and OILD (-0.93). A negative correlation means the two stocks have tended to move in opposite directions.

Westwood Salient Enhanced Energy Income ETF (WEEI) — Stock Correlations & Overview

Over the past year, WEEI has moved most closely with IYE, VDE, FENY. Explore the stocks most correlated and inversely correlated with WEEI below, along with its price, financials, and company profile.

Stocks correlated with WEEI

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

Most correlated with WEEI

Symbol	Company	Correlation
IYE	iShares U.S. Energy ETF	0.93
VDE	Vanguard Energy ETF	0.93
FENY	Fidelity MSCI Energy Index ETF	0.93
DIG	ProShares Ultra Energy	0.93
ERX	Direxion Daily Energy Bull 2X ETF	0.93

Most inversely correlated with WEEI

Symbol	Company	Correlation
DUG	ProShares UltraShort Energy	-0.93
ERY	Direxion Daily Energy Bear 2X ETF	-0.93
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.93
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.88
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.88

Frequently asked questions about WEEI correlations

Which stocks are most correlated with WEEI?: Based on one year of daily returns, the stocks most correlated with Westwood Salient Enhanced Energy Income ETF (WEEI) are IYE (0.93), VDE (0.93) and FENY (0.93). 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 WEEI?: Over the past year, the stocks most inversely correlated with Westwood Salient Enhanced Energy Income ETF (WEEI) are DUG (-0.93), ERY (-0.93) and OILD (-0.93). 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 WEEI correlations calculated?: We compute the correlation of daily returns between WEEI 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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