Principal Focused Blue Chip ETF (BCHP) — Stock Correlations & Overview

Frequently asked questions about BCHP correlations

Which stocks are most correlated with BCHP?

Based on one year of daily returns, the stocks most correlated with Principal Focused Blue Chip ETF (BCHP) are LCF (0.91), LRGG (0.90) and BKCG (0.90). 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 BCHP?

Over the past year, the stocks most inversely correlated with Principal Focused Blue Chip ETF (BCHP) are QQQD (-0.84), SDS (-0.84) and SPXS (-0.84). 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 BCHP correlations calculated?

We compute the correlation of daily returns between BCHP 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.