Which stocks are most correlated with BITS?

Based on one year of daily returns, the stocks most correlated with Global X Blockchain & Bitcoin Strategy ETF (BITS) are SATO (0.91), DAPP (0.91) and BKCH (0.91). 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 BITS?

Over the past year, the stocks most inversely correlated with Global X Blockchain & Bitcoin Strategy ETF (BITS) are BTCZ (-0.80), SBIT (-0.79) and BITI (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

Global X Blockchain & Bitcoin Strategy ETF (BITS) — Stock Correlations & Overview

Over the past year, BITS has moved most closely with SATO, DAPP, BKCH. Explore the stocks most correlated and inversely correlated with BITS below, along with its price, financials, and company profile.

Stocks correlated with BITS

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

Most correlated with BITS

Symbol	Company	Correlation
SATO	Invesco Alerian Galaxy Crypto Economy ETFINVESTMENT ADVICE	0.91
DAPP	VanEck Digital Transformation ETF	0.91
BKCH	Global X Blockchain ETF	0.91
BITQ	Bitwise Crypto Industry Innovators ETF	0.90
FDIG	Fidelity Crypto Industry and Digital Payments ETF	0.89

Most inversely correlated with BITS

Symbol	Company	Correlation
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.80
SBIT	ProShares UltraShort Bitcoin ETF	-0.79
BITI	ProShares Short Bitcoin ETF	-0.78
SETH	ProShares Short Ether ETF	-0.74
ETHD	ProShares UltraShort Ether ETF	-0.74

Frequently asked questions about BITS correlations

Which stocks are most correlated with BITS?: Based on one year of daily returns, the stocks most correlated with Global X Blockchain & Bitcoin Strategy ETF (BITS) are SATO (0.91), DAPP (0.91) and BKCH (0.91). 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 BITS?: Over the past year, the stocks most inversely correlated with Global X Blockchain & Bitcoin Strategy ETF (BITS) are BTCZ (-0.80), SBIT (-0.79) and BITI (-0.78). 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 BITS correlations calculated?: We compute the correlation of daily returns between BITS 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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