Bitwise Crypto Industry Innovators ETF (BITQ) — Stock Correlations & Overview
Over the past year, BITQ has moved most closely with DAPP, BKCH, IBLC. Explore the stocks most correlated and inversely correlated with BITQ below, along with its price, financials, and company profile.
Stocks correlated with BITQ
Correlation of daily returns. Higher positive values move with BITQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BITQ
| Symbol | Company | Correlation |
|---|---|---|
| DAPP | VanEck Digital Transformation ETF | 0.99 |
| BKCH | Global X Blockchain ETF | 0.98 |
| IBLC | iShares Blockchain and Tech ETF | 0.98 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.97 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 0.97 |
Most inversely correlated with BITQ
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.78 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.72 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.72 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.72 |
| BITI | ProShares Short Bitcoin ETF | -0.70 |
Frequently asked questions about BITQ correlations
- Which stocks are most correlated with BITQ?
- Based on one year of daily returns, the stocks most correlated with Bitwise Crypto Industry Innovators ETF (BITQ) are DAPP (0.99), BKCH (0.98) and IBLC (0.98). 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 BITQ?
- Over the past year, the stocks most inversely correlated with Bitwise Crypto Industry Innovators ETF (BITQ) are SARK (-0.78), BTCZ (-0.72) and CONI (-0.72). 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 BITQ correlations calculated?
- We compute the correlation of daily returns between BITQ 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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