Horizon Kinetics Blockchain Development ETF (BCDF) — Stock Correlations & Overview
Over the past year, BCDF has moved most closely with FDFF, FGSI, FTGS. Explore the stocks most correlated and inversely correlated with BCDF below, along with its price, financials, and company profile.
Stocks correlated with BCDF
Correlation of daily returns. Higher positive values move with BCDF; negative values move opposite it. Informational only, not investment advice.
Most correlated with BCDF
| Symbol | Company | Correlation |
|---|---|---|
| FDFF | Fidelity Disruptive Finance ETF | 0.58 |
| FGSI | FT Vest Growth Strength & Target Income ETF | 0.56 |
| FTGS | First Trust Growth Strength ETF | 0.56 |
| KCE | State Street SPDR S&P Capital Markets ETF | 0.54 |
| ARKF | ARK Blockchain & Fintech Innovation ETF | 0.54 |
Most inversely correlated with BCDF
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.45 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.45 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.43 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.43 |
| BITI | ProShares Short Bitcoin ETF | -0.43 |
Frequently asked questions about BCDF correlations
- Which stocks are most correlated with BCDF?
- Based on one year of daily returns, the stocks most correlated with Horizon Kinetics Blockchain Development ETF (BCDF) are FDFF (0.58), FGSI (0.56) and FTGS (0.56). 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 BCDF?
- Over the past year, the stocks most inversely correlated with Horizon Kinetics Blockchain Development ETF (BCDF) are WEBS (-0.45), SARK (-0.45) and SBIT (-0.43). 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 BCDF correlations calculated?
- We compute the correlation of daily returns between BCDF 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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