MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) — Stock Correlations & Overview
Over the past year, BERZ has moved most closely with SQQQ, QID, PSQ. Explore the stocks most correlated and inversely correlated with BERZ below, along with its price, financials, and company profile.
Stocks correlated with BERZ
Correlation of daily returns. Higher positive values move with BERZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BERZ
| Symbol | Company | Correlation |
|---|---|---|
| SQQQ | ProShares UltraPro Short QQQ | 0.94 |
| QID | ProShares UltraShort QQQ | 0.94 |
| PSQ | ProShares Short QQQ | 0.93 |
| TECS | Direxion Daily Technology Bear 3x ETF | 0.92 |
| REW | Proshares UltraShort Technology | 0.92 |
Most inversely correlated with BERZ
| Symbol | Company | Correlation |
|---|---|---|
| BULZ | MicroSectors FANG & Innovation 3x Leveraged ETNCOMMERCIAL BANKS, NEC | -0.99 |
| IGM | iShares Expanded Tech Sector ETF | -0.94 |
| QQMG | Invesco ESG NASDAQ 100 ETFINVESTMENT ADVICE | -0.94 |
| QQXL | ProShares Ultra QQQ Top 30 | -0.94 |
| MQQQ | Investment Managers Series Trust II Tradr 2X Long Innovation 100 Monthly ETF | -0.94 |
Frequently asked questions about BERZ correlations
- Which stocks are most correlated with BERZ?
- Based on one year of daily returns, the stocks most correlated with MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) are SQQQ (0.94), QID (0.94) and PSQ (0.93). 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 BERZ?
- Over the past year, the stocks most inversely correlated with MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) are BULZ (-0.99), IGM (-0.94) and QQMG (-0.94). 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 BERZ correlations calculated?
- We compute the correlation of daily returns between BERZ 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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