Roundhill AVGO WeeklyPay ETF (AVGW) — Stock Correlations & Overview
Over the past year, AVGW has moved most closely with AVGO, AVGG, AVGX. Explore the stocks most correlated and inversely correlated with AVGW below, along with its price, financials, and company profile.
Stocks correlated with AVGW
Correlation of daily returns. Higher positive values move with AVGW; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVGW
| Symbol | Company | Correlation |
|---|---|---|
| AVGO | Broadcom Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | 0.99 |
| AVGG | Leverage Shares 2X Long AVGO Daily ETF | 0.99 |
| AVGX | Defiance Daily Target 2X Long AVGO ETF | 0.99 |
| AVGU | GraniteShares 2x Long AVGO Daily ETF | 0.99 |
| AVL | Direxion Shares ETF Trust Direxion Daily AVGO Bull 2X ETF | 0.97 |
Most inversely correlated with AVGW
| 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 | -0.73 |
| SSG | ProShares UltraShort Semiconductors | -0.72 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.71 |
| REW | Proshares UltraShort Technology | -0.68 |
Frequently asked questions about AVGW correlations
- Which stocks are most correlated with AVGW?
- Based on one year of daily returns, the stocks most correlated with Roundhill AVGO WeeklyPay ETF (AVGW) are AVGO (0.99), AVGG (0.99) and AVGX (0.99). 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 AVGW?
- Over the past year, the stocks most inversely correlated with Roundhill AVGO WeeklyPay ETF (AVGW) are AVS (-0.99), TTXD (-0.73) and SSG (-0.72). 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 AVGW correlations calculated?
- We compute the correlation of daily returns between AVGW 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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