Which stocks are most correlated with BFOC?

Based on one year of daily returns, the stocks most correlated with FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) are CBTJ (0.86), BITY (0.86) and IBIT (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 BFOC?

Over the past year, the stocks most inversely correlated with FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) are BTCZ (-0.86), SBIT (-0.86) and BITI (-0.85). A negative correlation means the two stocks have tended to move in opposite directions.

FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) — Stock Correlations & Overview

Over the past year, BFOC has moved most closely with CBTJ, BITY, IBIT. Explore the stocks most correlated and inversely correlated with BFOC below, along with its price, financials, and company profile.

Stocks correlated with BFOC

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

Most correlated with BFOC

Symbol	Company	Correlation
CBTJ	Calamos Bitcoin 80 Series Structured Alt Protection ETF - January	0.86
BITY	Amplify Bitcoin 2% Monthly Option Income ETF	0.86
IBIT	iShares Bitcoin Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.86
BITW	Bitwise 10 Crypto Index ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.86
ARKB	ARK 21Shares Bitcoin ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.86

Most inversely correlated with BFOC

Symbol	Company	Correlation
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.86
SBIT	ProShares UltraShort Bitcoin ETF	-0.86
BITI	ProShares Short Bitcoin ETF	-0.85
SETH	ProShares Short Ether ETF	-0.81
ETHD	ProShares UltraShort Ether ETF	-0.81

Frequently asked questions about BFOC correlations

Which stocks are most correlated with BFOC?: Based on one year of daily returns, the stocks most correlated with FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) are CBTJ (0.86), BITY (0.86) and IBIT (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 BFOC?: Over the past year, the stocks most inversely correlated with FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) are BTCZ (-0.86), SBIT (-0.86) and BITI (-0.85). 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 BFOC correlations calculated?: We compute the correlation of daily returns between BFOC 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.