Which stocks are most correlated with ASCE?

Based on one year of daily returns, the stocks most correlated with Allspring SMID Core ETF (ASCE) are SEIS (0.92), SMIZ (0.91) and SCDS (0.91). 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 ASCE?

Over the past year, the stocks most inversely correlated with Allspring SMID Core ETF (ASCE) are TZA (-0.89), SMDD (-0.89) and MZZ (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.

Allspring SMID Core ETF (ASCE) — Stock Correlations & Overview

Over the past year, ASCE has moved most closely with SEIS, SMIZ, SCDS. Explore the stocks most correlated and inversely correlated with ASCE below, along with its price, financials, and company profile.

Stocks correlated with ASCE

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

Most correlated with ASCE

Symbol	Company	Correlation
SEIS	SEI Select Small Cap ETF	0.92
SMIZ	Zacks Small/Mid Cap ETF	0.91
SCDS	JPMorgan Fundamental Data Science Small Core ETF	0.91
OASC	OneAscent Enhanced Small and Mid Cap ETF	0.90
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	0.90

Most inversely correlated with ASCE

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.89
SMDD	ProShares UltraPro Short MidCap400	-0.89
MZZ	ProShares UltraShort MidCap400	-0.89
TWM	ProShares UltraShort Russell2000	-0.89
SRTY	ProShares UltraPro Short Russell2000	-0.89

Frequently asked questions about ASCE correlations

Which stocks are most correlated with ASCE?: Based on one year of daily returns, the stocks most correlated with Allspring SMID Core ETF (ASCE) are SEIS (0.92), SMIZ (0.91) and SCDS (0.91). 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 ASCE?: Over the past year, the stocks most inversely correlated with Allspring SMID Core ETF (ASCE) are TZA (-0.89), SMDD (-0.89) and MZZ (-0.89). 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 ASCE correlations calculated?: We compute the correlation of daily returns between ASCE 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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