Which stocks are most correlated with BOEU?

Based on one year of daily returns, the stocks most correlated with Direxion Shares ETF Trust Direxion Daily BA Bull 2X ETF (BOEU) are BOEG (1.00), BA (1.00) and BApA (0.94). 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 BOEU?

Over the past year, the stocks most inversely correlated with Direxion Shares ETF Trust Direxion Daily BA Bull 2X ETF (BOEU) are JETD (-0.60), DXD (-0.51) and SDOW (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Shares ETF Trust Direxion Daily BA Bull 2X ETF (BOEU) — Stock Correlations & Overview

Over the past year, BOEU has moved most closely with BOEG, BA, BApA. Explore the stocks most correlated and inversely correlated with BOEU below, along with its price, financials, and company profile.

Stocks correlated with BOEU

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

Most correlated with BOEU

Symbol	Company	Correlation
BOEG	Leverage Shares 2X Long BA Daily ETF	1.00
BA	Boeing CompanyAIRCRAFT	1.00
BApA	The Boeing Company Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00AIRCRAFT	0.94
NATO	Themes Transatlantic Defense ETF	0.63
ITA	iShares U.S. Aerospace & Defense ETF	0.62

Most inversely correlated with BOEU

Symbol	Company	Correlation
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.60
DXD	ProShares UltraShort Dow 30	-0.51
SDOW	ProShares UltraPro Short Dow 30	-0.51
DOG	ProShares Short Dow30	-0.50
SIJ	ProShares UltraShort Industrials	-0.50

Frequently asked questions about BOEU correlations

Which stocks are most correlated with BOEU?: Based on one year of daily returns, the stocks most correlated with Direxion Shares ETF Trust Direxion Daily BA Bull 2X ETF (BOEU) are BOEG (1.00), BA (1.00) and BApA (0.94). 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 BOEU?: Over the past year, the stocks most inversely correlated with Direxion Shares ETF Trust Direxion Daily BA Bull 2X ETF (BOEU) are JETD (-0.60), DXD (-0.51) and SDOW (-0.51). 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 BOEU correlations calculated?: We compute the correlation of daily returns between BOEU 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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