GraniteShares YieldBoost AMZN ETF (AZYY) — Stock Correlations & Overview
Over the past year, AZYY has moved most closely with AMZP, AMZU, AMZZ. Explore the stocks most correlated and inversely correlated with AZYY below, along with its price, financials, and company profile.
Stocks correlated with AZYY
Correlation of daily returns. Higher positive values move with AZYY; negative values move opposite it. Informational only, not investment advice.
Most correlated with AZYY
| Symbol | Company | Correlation |
|---|---|---|
| AMZP | Kurv Yield Premium Strategy Amazon (AMZN) ETF | 0.71 |
| AMZU | Direxion Shares ETF Trust Direxion Daily AMZN Bull 2X ETF | 0.70 |
| AMZZ | GraniteShares 2x Long AMZN Daily ETF | 0.70 |
| AMZY | YieldMax AMZN Option Income Strategy ETF | 0.70 |
| AMZN | Amazon.Com IncRETAIL-CATALOG & MAIL-ORDER HOUSES | 0.69 |
Most inversely correlated with AZYY
| Symbol | Company | Correlation |
|---|---|---|
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.67 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.63 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.60 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.60 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.58 |
Frequently asked questions about AZYY correlations
- Which stocks are most correlated with AZYY?
- Based on one year of daily returns, the stocks most correlated with GraniteShares YieldBoost AMZN ETF (AZYY) are AMZP (0.71), AMZU (0.70) and AMZZ (0.70). 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 AZYY?
- Over the past year, the stocks most inversely correlated with GraniteShares YieldBoost AMZN ETF (AZYY) are AMZD (-0.67), QQQD (-0.63) and QQDN (-0.60). 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 AZYY correlations calculated?
- We compute the correlation of daily returns between AZYY 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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