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Do you think more volatility is in store for the stock market? One way to trade off of this idea is by finding stocks with strong positive correlations to volatility. To illustrate, we ran a screen.

We began by screening the utilities sector for stocks that have outperformed the market over the last quarter, with quarterly performance above 10%.

We then screened for those with strong positive correlations to the volatility (VIX) index over the last two months. This indicates that these stocks have tended to outperform when market uncertainty and volatility spiked. This may bode well if the market sees more volatility in the future. Of course, past performance is no guarantee of future returns.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall.

Do you think these stocks would benefit from continued volatility? Use this list as a starting point for your own analysis.

List sorted by correlation with the VIX index.

1. Wisconsin Energy Corp. (NYSE:WEC): Engages in the generation, distribution, and sale of electric energy and steam. Market cap at $9.20B.Price at $39.94. Performance over the last quarter at 13.85%. Correlation with the VIX index at 0.587 over the last 60 days.

2. NextEra Energy, Inc. (NYSE:NEE): Engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. Market cap at $28.60B.Price at $68.57. Performance over the last quarter at 11.70%. Correlation with the VIX index at 0.577 over the last 60 days.

3. NV Energy, Inc. (NYSE:NVE): Distributes electric energy in Nevada. Market cap at $4.19B.Price at $17.76. Performance over the last quarter at 12.33%. Correlation with the VIX index at 0.543 over the last 60 days.

4. Hawaiian Electric Industries Inc. (NYSE:HE): Engages in electric utility and banking businesses primarily in the state of Hawaii. Market cap at $2.78B. Price at $28.79. Performance over the last quarter at 13.79%. Correlation with the VIX index at 0.527 over the last 60 days.

5. Atmos Energy Corporation (NYSE:ATO): Engages primarily in the distribution, transmission, and storage of natural gas in the United States. Market cap at $3.23B. Price at $35.87. Performance over the last quarter at 13.98%. Correlation with the VIX index at 0.523 over the last 60 days.

6. Duke Energy Corporation (NYSE:DUK): Operates as an energy company in the Americas. Market cap at $91.91B. Price at $68.69. Performance over the last quarter at 228.66%. Correlation with the VIX index at 0.503 over the last 60 days.

*Price data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 6 Outperforming Utilities Stocks Positively Correlated With Volatility