Which stocks are most correlated with ARVR?

Based on one year of daily returns, the stocks most correlated with First Trust Indxx Metaverse ETF (ARVR) are FMET (0.90), AIQ (0.90) and CARZ (0.89). 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 ARVR?

Over the past year, the stocks most inversely correlated with First Trust Indxx Metaverse ETF (ARVR) are QID (-0.88), SQQQ (-0.88) and PSQ (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Indxx Metaverse ETF (ARVR) — Stock Correlations & Overview

Over the past year, ARVR has moved most closely with FMET, AIQ, CARZ. Explore the stocks most correlated and inversely correlated with ARVR below, along with its price, financials, and company profile.

Stocks correlated with ARVR

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

Most correlated with ARVR

Symbol	Company	Correlation
FMET	Fidelity Metaverse ETF	0.90
AIQ	Global X Funds Global X Artificial Intelligence & Technology ETF	0.90
CARZ	First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF	0.89
QTEC	First Trust NASDAQ-100 Technology Index Fund	0.89
TRFM	AAM Transformers ETF	0.88

Most inversely correlated with ARVR

Symbol	Company	Correlation
QID	ProShares UltraShort QQQ	-0.88
SQQQ	ProShares UltraPro Short QQQ	-0.88
PSQ	ProShares Short QQQ	-0.88
REW	Proshares UltraShort Technology	-0.86
TECS	Direxion Daily Technology Bear 3x ETF	-0.85

Frequently asked questions about ARVR correlations

Which stocks are most correlated with ARVR?: Based on one year of daily returns, the stocks most correlated with First Trust Indxx Metaverse ETF (ARVR) are FMET (0.90), AIQ (0.90) and CARZ (0.89). 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 ARVR?: Over the past year, the stocks most inversely correlated with First Trust Indxx Metaverse ETF (ARVR) are QID (-0.88), SQQQ (-0.88) and PSQ (-0.88). 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 ARVR correlations calculated?: We compute the correlation of daily returns between ARVR 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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