Virtus Biotech Clinical Trials ETF (BBC) — Stock Correlations & Overview
Over the past year, BBC has moved most closely with SBIO, LABU, XBI. Explore the stocks most correlated and inversely correlated with BBC below, along with its price, financials, and company profile.
Stocks correlated with BBC
Correlation of daily returns. Higher positive values move with BBC; negative values move opposite it. Informational only, not investment advice.
Most correlated with BBC
| Symbol | Company | Correlation |
|---|---|---|
| SBIO | ALPS Medical Breakthroughs ETF | 0.93 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.92 |
| XBI | State Street SPDR S&P Biotech ETF | 0.92 |
| IBRN | iShares Neuroscience and Healthcare ETF | 0.88 |
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.85 |
Frequently asked questions about BBC correlations
- Which stocks are most correlated with BBC?
- Based on one year of daily returns, the stocks most correlated with Virtus Biotech Clinical Trials ETF (BBC) are SBIO (0.93), LABU (0.92) and XBI (0.92). 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 BBC?
- Over the past year, the stocks most inversely correlated with Virtus Biotech Clinical Trials ETF (BBC) are LABD (-0.92), BIS (-0.80) and RWM (-0.59). 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 BBC correlations calculated?
- We compute the correlation of daily returns between BBC 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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