YieldMax BABA Option Income Strategy ETF (BABO) — Stock Correlations & Overview
Over the past year, BABO has moved most closely with BABX, BABA, KBAB. Explore the stocks most correlated and inversely correlated with BABO below, along with its price, financials, and company profile.
Stocks correlated with BABO
Correlation of daily returns. Higher positive values move with BABO; negative values move opposite it. Informational only, not investment advice.
Most correlated with BABO
| Symbol | Company | Correlation |
|---|---|---|
| BABX | GraniteShares ETF Trust GraniteShares 2x Long BABA Daily ETF | 0.92 |
| BABA | Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares | 0.92 |
| KBAB | KraneShares 2x Long BABA Daily ETF | 0.81 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 0.75 |
| PGJ | Invesco Golden Dragon China ETF | 0.73 |
Most inversely correlated with BABO
| Symbol | Company | Correlation |
|---|---|---|
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.70 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.69 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.66 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.42 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.41 |
Frequently asked questions about BABO correlations
- Which stocks are most correlated with BABO?
- Based on one year of daily returns, the stocks most correlated with YieldMax BABA Option Income Strategy ETF (BABO) are BABX (0.92), BABA (0.92) and KBAB (0.81). 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 BABO?
- Over the past year, the stocks most inversely correlated with YieldMax BABA Option Income Strategy ETF (BABO) are FXP (-0.70), YANG (-0.69) and YXI (-0.66). 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 BABO correlations calculated?
- We compute the correlation of daily returns between BABO 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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