Which stocks are most correlated with BETZ?

Based on one year of daily returns, the stocks most correlated with Roundhill Sports Betting & iGaming ETF (BETZ) are ODDS (0.81), BNGE (0.69) and DKNG (0.66). 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 BETZ?

Over the past year, the stocks most inversely correlated with Roundhill Sports Betting & iGaming ETF (BETZ) are HDGE (-0.56), FLYD (-0.56) and WEBS (-0.55). A negative correlation means the two stocks have tended to move in opposite directions.

Roundhill Sports Betting & iGaming ETF (BETZ) — Stock Correlations & Overview

Over the past year, BETZ has moved most closely with ODDS, BNGE, DKNG. Explore the stocks most correlated and inversely correlated with BETZ below, along with its price, financials, and company profile.

Stocks correlated with BETZ

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

Most correlated with BETZ

Symbol	Company	Correlation
ODDS	Pacer BlueStar Digital Entertainment ETF	0.81
BNGE	First Trust S-Network Streaming and Gaming ETF	0.69
DKNG	DraftKings Inc. Class A Common StockSERVICES-MISCELLANEOUS AMUSEMENT & RECREATION	0.66
FLUT	Flutter Entertainment plcSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.	0.65
ISHP	First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF	0.64

Most inversely correlated with BETZ

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.56
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.56
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.55
SDD	ProShares UltraShort SmallCap600	-0.50
SBB	ProShares Short SmallCap600	-0.49

Frequently asked questions about BETZ correlations

Which stocks are most correlated with BETZ?: Based on one year of daily returns, the stocks most correlated with Roundhill Sports Betting & iGaming ETF (BETZ) are ODDS (0.81), BNGE (0.69) and DKNG (0.66). 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 BETZ?: Over the past year, the stocks most inversely correlated with Roundhill Sports Betting & iGaming ETF (BETZ) are HDGE (-0.56), FLYD (-0.56) and WEBS (-0.55). 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 BETZ correlations calculated?: We compute the correlation of daily returns between BETZ 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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