Which stocks are most correlated with XLEI?

Based on one year of daily returns, the stocks most correlated with State Street Energy Select Sector SPDR Premium Income ETF (XLEI) are IYE (0.88), DIG (0.88) and ERX (0.87). 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 XLEI?

Over the past year, the stocks most inversely correlated with State Street Energy Select Sector SPDR Premium Income ETF (XLEI) are DUG (-0.87), ERY (-0.87) and OILD (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

State Street Energy Select Sector SPDR Premium Income ETF (XLEI) — Stock Correlations & Overview

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

Stocks correlated with XLEI

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

Most correlated with XLEI

Symbol	Company	Correlation
IYE	iShares U.S. Energy ETF	0.88
DIG	ProShares Ultra Energy	0.88
ERX	Direxion Daily Energy Bull 2X ETF	0.87
FENY	Fidelity MSCI Energy Index ETF	0.87
VDE	Vanguard Energy ETF	0.87

Most inversely correlated with XLEI

Symbol	Company	Correlation
DUG	ProShares UltraShort Energy	-0.87
ERY	Direxion Daily Energy Bear 2X ETF	-0.87
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.87
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.84
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.81

Frequently asked questions about XLEI correlations

Which stocks are most correlated with XLEI?: Based on one year of daily returns, the stocks most correlated with State Street Energy Select Sector SPDR Premium Income ETF (XLEI) are IYE (0.88), DIG (0.88) and ERX (0.87). 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 XLEI?: Over the past year, the stocks most inversely correlated with State Street Energy Select Sector SPDR Premium Income ETF (XLEI) are DUG (-0.87), ERY (-0.87) and OILD (-0.87). 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 XLEI correlations calculated?: We compute the correlation of daily returns between XLEI 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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