Which stocks are most correlated with BITY?

Based on one year of daily returns, the stocks most correlated with Amplify Bitcoin 2% Monthly Option Income ETF (BITY) are BAGY (0.99), IBIT (0.97) and FBTC (0.97). 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 BITY?

Over the past year, the stocks most inversely correlated with Amplify Bitcoin 2% Monthly Option Income ETF (BITY) are BTCZ (-0.96), SBIT (-0.96) and BITI (-0.95). A negative correlation means the two stocks have tended to move in opposite directions.

Amplify Bitcoin 2% Monthly Option Income ETF (BITY) — Stock Correlations & Overview

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

Stocks correlated with BITY

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

Most correlated with BITY

Symbol	Company	Correlation
BAGY	Amplify Bitcoin Max Income Covered Call ETF	0.99
IBIT	iShares Bitcoin Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.97
FBTC	Fidelity Wise Origin Bitcoin FundCOMMODITY CONTRACTS BROKERS & DEALERS	0.97
GBTC	Grayscale Bitcoin Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.97
ARKB	ARK 21Shares Bitcoin ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.97

Most inversely correlated with BITY

Symbol	Company	Correlation
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.96
SBIT	ProShares UltraShort Bitcoin ETF	-0.96
BITI	ProShares Short Bitcoin ETF	-0.95
SETH	ProShares Short Ether ETF	-0.89
ETHD	ProShares UltraShort Ether ETF	-0.89

Frequently asked questions about BITY correlations

Which stocks are most correlated with BITY?: Based on one year of daily returns, the stocks most correlated with Amplify Bitcoin 2% Monthly Option Income ETF (BITY) are BAGY (0.99), IBIT (0.97) and FBTC (0.97). 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 BITY?: Over the past year, the stocks most inversely correlated with Amplify Bitcoin 2% Monthly Option Income ETF (BITY) are BTCZ (-0.96), SBIT (-0.96) and BITI (-0.95). 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 BITY correlations calculated?: We compute the correlation of daily returns between BITY 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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