MicroSectors Energy 3x Leveraged ETNs (WTIU) — Stock Correlations & Overview
Over the past year, WTIU has moved most closely with DRLL, NRGU, IEO. Explore the stocks most correlated and inversely correlated with WTIU below, along with its price, financials, and company profile.
Stocks correlated with WTIU
Correlation of daily returns. Higher positive values move with WTIU; negative values move opposite it. Informational only, not investment advice.
Most correlated with WTIU
| Symbol | Company | Correlation |
|---|---|---|
| DRLL | Strive U.S. Energy ETF | 0.98 |
| NRGU | MicroSectors U.S. Big Oil 3x Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | 0.98 |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 0.97 |
| OILU | MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.97 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 0.97 |
Most inversely correlated with WTIU
| Symbol | Company | Correlation |
|---|---|---|
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.98 |
| 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 |
Frequently asked questions about WTIU correlations
- Which stocks are most correlated with WTIU?
- Based on one year of daily returns, the stocks most correlated with MicroSectors Energy 3x Leveraged ETNs (WTIU) are DRLL (0.98), NRGU (0.98) and IEO (0.97). 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 WTIU?
- Over the past year, the stocks most inversely correlated with MicroSectors Energy 3x Leveraged ETNs (WTIU) are WTID (-0.98), NRGD (-0.97) and OILD (-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 WTIU correlations calculated?
- We compute the correlation of daily returns between WTIU 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.