JPMorgan BetaBuilders Canada ETF (BBCA) — Stock Correlations & Overview
Over the past year, BBCA has moved most closely with EWC, FLCA, RHTX. Explore the stocks most correlated and inversely correlated with BBCA below, along with its price, financials, and company profile.
Stocks correlated with BBCA
Correlation of daily returns. Higher positive values move with BBCA; negative values move opposite it. Informational only, not investment advice.
Most correlated with BBCA
| Symbol | Company | Correlation |
|---|---|---|
| EWC | iShares MSCI Canada ETF | 0.99 |
| FLCA | Franklin FTSE Canada ETF | 0.98 |
| RHTX | RH Tactical Outlook ETF | 0.79 |
| ENDW | Cambria Endowment Style ETF | 0.79 |
| DFIS | Dimensional International Small Cap ETF | 0.79 |
Most inversely correlated with BBCA
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.72 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.71 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.71 |
| TWM | ProShares UltraShort Russell2000 | -0.70 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.70 |
Frequently asked questions about BBCA correlations
- Which stocks are most correlated with BBCA?
- Based on one year of daily returns, the stocks most correlated with JPMorgan BetaBuilders Canada ETF (BBCA) are EWC (0.99), FLCA (0.98) and RHTX (0.79). 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 BBCA?
- Over the past year, the stocks most inversely correlated with JPMorgan BetaBuilders Canada ETF (BBCA) are JDST (-0.72), DUST (-0.71) and GDXD (-0.71). 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 BBCA correlations calculated?
- We compute the correlation of daily returns between BBCA 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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