Which stocks are most correlated with BOBP?

Based on one year of daily returns, the stocks most correlated with CORE16 Best of Breed Premier Index ETF (BOBP) are RPG (0.93), RULE (0.92) and MTUM (0.92). 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 BOBP?

Over the past year, the stocks most inversely correlated with CORE16 Best of Breed Premier Index ETF (BOBP) are HIBS (-0.90), SOXS (-0.89) and QID (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

CORE16 Best of Breed Premier Index ETF (BOBP) — Stock Correlations & Overview

Over the past year, BOBP has moved most closely with RPG, RULE, MTUM. Explore the stocks most correlated and inversely correlated with BOBP below, along with its price, financials, and company profile.

Stocks correlated with BOBP

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

Most correlated with BOBP

Symbol	Company	Correlation
RPG	Invesco S&P 500 Pure Growth ETF	0.93
RULE	Adaptive Core ETF	0.92
MTUM	iShares MSCI USA Momentum Factor ETF	0.92
FTC	First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI)	0.91
FWD	AB Disruptors ETF	0.91

Most inversely correlated with BOBP

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.90
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.89
QID	ProShares UltraShort QQQ	-0.83
SQQQ	ProShares UltraPro Short QQQ	-0.83
PSQ	ProShares Short QQQ	-0.83

Frequently asked questions about BOBP correlations

Which stocks are most correlated with BOBP?: Based on one year of daily returns, the stocks most correlated with CORE16 Best of Breed Premier Index ETF (BOBP) are RPG (0.93), RULE (0.92) and MTUM (0.92). 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 BOBP?: Over the past year, the stocks most inversely correlated with CORE16 Best of Breed Premier Index ETF (BOBP) are HIBS (-0.90), SOXS (-0.89) and QID (-0.83). 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 BOBP correlations calculated?: We compute the correlation of daily returns between BOBP 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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