GraniteShares 2x Long AVGO Daily ETF (AVGU) — Stock Correlations & Overview
Over the past year, AVGU has moved most closely with AVGX, AVGG, AVGO. Explore the stocks most correlated and inversely correlated with AVGU below, along with its price, financials, and company profile.
Stocks correlated with AVGU
Correlation of daily returns. Higher positive values move with AVGU; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVGU
| Symbol | Company | Correlation |
|---|---|---|
| AVGX | Defiance Daily Target 2X Long AVGO ETF | 1.00 |
| AVGG | Leverage Shares 2X Long AVGO Daily ETF | 1.00 |
| AVGO | Broadcom Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | 1.00 |
| AVGW | Roundhill AVGO WeeklyPay ETF | 0.99 |
| AVL | Direxion Shares ETF Trust Direxion Daily AVGO Bull 2X ETF | 0.98 |
Most inversely correlated with AVGU
| Symbol | Company | Correlation |
|---|---|---|
| AVS | Direxion Shares ETF Trust Direxion Daily AVGO Bear 1X ETF | -0.99 |
| TTXD | Direxion Daily Technology Top 5 Bear 2X ETF | -0.75 |
| SSG | ProShares UltraShort Semiconductors | -0.74 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.74 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.70 |
Frequently asked questions about AVGU correlations
- Which stocks are most correlated with AVGU?
- Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long AVGO Daily ETF (AVGU) are AVGX (1.00), AVGG (1.00) and AVGO (1.00). 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 AVGU?
- Over the past year, the stocks most inversely correlated with GraniteShares 2x Long AVGO Daily ETF (AVGU) are AVS (-0.99), TTXD (-0.75) and SSG (-0.74). 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 AVGU correlations calculated?
- We compute the correlation of daily returns between AVGU 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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