Which stocks are most correlated with BTR?

Based on one year of daily returns, the stocks most correlated with Beacon Tactical Risk ETF (BTR) are EQL (0.96), FNDB (0.94) and VLU (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 BTR?

Over the past year, the stocks most inversely correlated with Beacon Tactical Risk ETF (BTR) are MZZ (-0.86), SMDD (-0.86) and MYY (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

Beacon Tactical Risk ETF (BTR) — Stock Correlations & Overview

Over the past year, BTR has moved most closely with EQL, FNDB, VLU. Explore the stocks most correlated and inversely correlated with BTR below, along with its price, financials, and company profile.

Stocks correlated with BTR

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

Most correlated with BTR

Symbol	Company	Correlation
EQL	ALPS Equal Sector Weight ETF	0.96
FNDB	Schwab Fundamental U.S. Broad Market ETF	0.94
VLU	State Street SPDR S&P 1500 Value Tilt ETF	0.94
BVAL	Bluemonte Large Cap Value ETF	0.94
FNDX	Schwab Fundamental U.S. Large Company ETF	0.94

Most inversely correlated with BTR

Symbol	Company	Correlation
MZZ	ProShares UltraShort MidCap400	-0.86
SMDD	ProShares UltraPro Short MidCap400	-0.86
MYY	ProShares Short MidCap400	-0.86
SBB	ProShares Short SmallCap600	-0.85
SDD	ProShares UltraShort SmallCap600	-0.85

Frequently asked questions about BTR correlations

Which stocks are most correlated with BTR?: Based on one year of daily returns, the stocks most correlated with Beacon Tactical Risk ETF (BTR) are EQL (0.96), FNDB (0.94) and VLU (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 BTR?: Over the past year, the stocks most inversely correlated with Beacon Tactical Risk ETF (BTR) are MZZ (-0.86), SMDD (-0.86) and MYY (-0.86). 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 BTR correlations calculated?: We compute the correlation of daily returns between BTR 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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