MicroSectors Energy -3x Inverse Leveraged ETNs (WTID) — Stock Correlations & Overview
Over the past year, WTID has moved most closely with NRGD, OILD, ERY. Explore the stocks most correlated and inversely correlated with WTID below, along with its price, financials, and company profile.
Stocks correlated with WTID
Correlation of daily returns. Higher positive values move with WTID; negative values move opposite it. Informational only, not investment advice.
Most correlated with WTID
| Symbol | Company | Correlation |
|---|---|---|
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | 0.97 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.97 |
| ERY | Direxion Daily Energy Bear 2X ETF | 0.96 |
| DUG | ProShares UltraShort Energy | 0.96 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | 0.94 |
Most inversely correlated with WTID
| Symbol | Company | Correlation |
|---|---|---|
| WTIU | MicroSectors Energy 3x Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.98 |
| DRLL | Strive U.S. Energy ETF | -0.98 |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | -0.97 |
| NRGU | MicroSectors U.S. Big Oil 3x Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.97 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | -0.97 |
Frequently asked questions about WTID correlations
- Which stocks are most correlated with WTID?
- Based on one year of daily returns, the stocks most correlated with MicroSectors Energy -3x Inverse Leveraged ETNs (WTID) are NRGD (0.97), OILD (0.97) and ERY (0.96). 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 WTID?
- Over the past year, the stocks most inversely correlated with MicroSectors Energy -3x Inverse Leveraged ETNs (WTID) are WTIU (-0.98), DRLL (-0.98) and IEO (-0.97). 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 WTID correlations calculated?
- We compute the correlation of daily returns between WTID 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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