Which stocks are most correlated with BTAL?

Based on one year of daily returns, the stocks most correlated with AGF U.S. Market Neutral Anti-Beta Fund (BTAL) are HIBS (0.89), SOXS (0.84) and TSXD (0.82). 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 BTAL?

Over the past year, the stocks most inversely correlated with AGF U.S. Market Neutral Anti-Beta Fund (BTAL) are SPHB (-0.89), HIBL (-0.89) and TRFM (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) — Stock Correlations & Overview

Over the past year, BTAL has moved most closely with HIBS, SOXS, TSXD. Explore the stocks most correlated and inversely correlated with BTAL below, along with its price, financials, and company profile.

Stocks correlated with BTAL

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

Most correlated with BTAL

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	0.89
SOXS	Direxion Daily Semiconductor Bear 3X ETF	0.84
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	0.82
SQQQ	ProShares UltraPro Short QQQ	0.82
QID	ProShares UltraShort QQQ	0.82

Most inversely correlated with BTAL

Symbol	Company	Correlation
SPHB	Invesco S&P 500 High Beta ETFINVESTMENT ADVICE	-0.89
HIBL	Direxion Daily S&P 500 High Beta Bull 3X ETF	-0.89
TRFM	AAM Transformers ETF	-0.88
FWD	AB Disruptors ETF	-0.88
FTC	First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI)	-0.87

Frequently asked questions about BTAL correlations

Which stocks are most correlated with BTAL?: Based on one year of daily returns, the stocks most correlated with AGF U.S. Market Neutral Anti-Beta Fund (BTAL) are HIBS (0.89), SOXS (0.84) and TSXD (0.82). 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 BTAL?: Over the past year, the stocks most inversely correlated with AGF U.S. Market Neutral Anti-Beta Fund (BTAL) are SPHB (-0.89), HIBL (-0.89) and TRFM (-0.88). 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 BTAL correlations calculated?: We compute the correlation of daily returns between BTAL 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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