Roundhill AAPL WeeklyPay ETF (AAPW) — Stock Correlations & Overview
Over the past year, AAPW has moved most closely with AAPL, AAPX, AAPB. Explore the stocks most correlated and inversely correlated with AAPW below, along with its price, financials, and company profile.
Stocks correlated with AAPW
Correlation of daily returns. Higher positive values move with AAPW; negative values move opposite it. Informational only, not investment advice.
Most correlated with AAPW
| Symbol | Company | Correlation |
|---|---|---|
| AAPL | Apple Inc.ELECTRONIC COMPUTERS | 0.98 |
| AAPX | T-Rex 2X Long Apple Daily Target ETF | 0.98 |
| AAPB | GraniteShares ETF Trust GraniteShares 2x Long AAPL Daily ETF | 0.97 |
| AAPU | Direxion Shares ETF Trust Direxion Daily AAPL Bull 2X ETF | 0.97 |
| AAPY | Kurv Yield Premium Strategy Apple (AAPL) ETF | 0.94 |
Frequently asked questions about AAPW correlations
- Which stocks are most correlated with AAPW?
- Based on one year of daily returns, the stocks most correlated with Roundhill AAPL WeeklyPay ETF (AAPW) are AAPL (0.98), AAPX (0.98) and AAPB (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 AAPW?
- Over the past year, the stocks most inversely correlated with Roundhill AAPL WeeklyPay ETF (AAPW) are AAPD (-0.97), QQDN (-0.35) and DXD (-0.33). 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 AAPW correlations calculated?
- We compute the correlation of daily returns between AAPW 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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