Which stocks are most correlated with XELLL?

Based on one year of daily returns, the stocks most correlated with Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) are WFCpY (0.54), PGX (0.52) and JPMpM (0.51). 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 XELLL?

Over the past year, the stocks most inversely correlated with Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) are SJB (-0.40), SPXU (-0.39) and SPXS (-0.39). A negative correlation means the two stocks have tended to move in opposite directions.

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) — Stock Correlations & Overview

Over the past year, XELLL has moved most closely with WFCpY, PGX, JPMpM. Explore the stocks most correlated and inversely correlated with XELLL below, along with its price, financials, and company profile.

Stocks correlated with XELLL

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

Most correlated with XELLL

Symbol	Company	Correlation
WFCpY	Wells Fargo & CompanyNATIONAL COMMERCIAL BANKS	0.54
PGX	Invesco Preferred ETFINVESTMENT ADVICE	0.52
JPMpM	JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MMNATIONAL COMMERCIAL BANKS	0.51
SOJE	The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060ELECTRIC SERVICES	0.51
WFCpZ	Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series ZNATIONAL COMMERCIAL BANKS	0.50

Most inversely correlated with XELLL

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.40
SPXU	ProShares UltraPro Short S&P 500	-0.39
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.39
SH	ProShares Short S&P500	-0.39
SDS	ProShares UltraShort S&P500	-0.38

Frequently asked questions about XELLL correlations

Which stocks are most correlated with XELLL?: Based on one year of daily returns, the stocks most correlated with Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) are WFCpY (0.54), PGX (0.52) and JPMpM (0.51). 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 XELLL?: Over the past year, the stocks most inversely correlated with Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) are SJB (-0.40), SPXU (-0.39) and SPXS (-0.39). 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 XELLL correlations calculated?: We compute the correlation of daily returns between XELLL 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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