Virtus AlphaSimplex Managed Futures ETF (ASMF) — Stock Correlations & Overview
Over the past year, ASMF has moved most closely with AHLT, DBMF, PRAE. Explore the stocks most correlated and inversely correlated with ASMF below, along with its price, financials, and company profile.
Stocks correlated with ASMF
Correlation of daily returns. Higher positive values move with ASMF; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASMF
| Symbol | Company | Correlation |
|---|---|---|
| AHLT | American Beacon AHL Trend ETF | 0.85 |
| DBMF | iMGP DBi Managed Futures Strategy ETF | 0.81 |
| PRAE | PlanRock Alternative Growth ETF | 0.78 |
| FARX | Frontier Asset Absolute Return ETF | 0.77 |
| HFMF | Unlimited HFMF Managed Futures ETF | 0.77 |
Most inversely correlated with ASMF
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.51 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.46 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.46 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.45 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.45 |
Frequently asked questions about ASMF correlations
- Which stocks are most correlated with ASMF?
- Based on one year of daily returns, the stocks most correlated with Virtus AlphaSimplex Managed Futures ETF (ASMF) are AHLT (0.85), DBMF (0.81) and PRAE (0.78). 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 ASMF?
- Over the past year, the stocks most inversely correlated with Virtus AlphaSimplex Managed Futures ETF (ASMF) are ZSL (-0.51), EUM (-0.46) and EDZ (-0.46). 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 ASMF correlations calculated?
- We compute the correlation of daily returns between ASMF 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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