Which stocks are most correlated with BEEX?

Based on one year of daily returns, the stocks most correlated with The Beehive ETF (BEEX) are NBCR (0.87), LRGC (0.87) and BAFE (0.86). 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 BEEX?

Over the past year, the stocks most inversely correlated with The Beehive ETF (BEEX) are SPXS (-0.84), SPXU (-0.84) and SDS (-0.84). A negative correlation means the two stocks have tended to move in opposite directions.

The Beehive ETF (BEEX) — Stock Correlations & Overview

Over the past year, BEEX has moved most closely with NBCR, LRGC, BAFE. Explore the stocks most correlated and inversely correlated with BEEX below, along with its price, financials, and company profile.

Stocks correlated with BEEX

Correlation of daily returns. Higher positive values move with BEEX; negative values move opposite it. Informational only, not investment advice.

Most correlated with BEEX

Symbol	Company	Correlation
NBCR	Neuberger Core Equity ETF	0.87
LRGC	AB US Large Cap Strategic Equities ETF	0.87
BAFE	Brown Advisory Flexible Equity ETF	0.86
MODL	VictoryShares WestEnd U.S. Sector ETF	0.86
FLCE	Frontier Asset U.S. Large Cap Equity ETF	0.86

Most inversely correlated with BEEX

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.84
SPXU	ProShares UltraPro Short S&P 500	-0.84
SDS	ProShares UltraShort S&P500	-0.84
SH	ProShares Short S&P500	-0.83
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.83

Frequently asked questions about BEEX correlations

Which stocks are most correlated with BEEX?: Based on one year of daily returns, the stocks most correlated with The Beehive ETF (BEEX) are NBCR (0.87), LRGC (0.87) and BAFE (0.86). 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 BEEX?: Over the past year, the stocks most inversely correlated with The Beehive ETF (BEEX) are SPXS (-0.84), SPXU (-0.84) and SDS (-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 BEEX correlations calculated?: We compute the correlation of daily returns between BEEX 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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