Which stocks are most correlated with BULZ?

Based on one year of daily returns, the stocks most correlated with MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) are IGM (0.95), QQXL (0.94) and QQMG (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 BULZ?

Over the past year, the stocks most inversely correlated with MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) are BERZ (-0.99), QID (-0.94) and SQQQ (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.

MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) — Stock Correlations & Overview

Over the past year, BULZ has moved most closely with IGM, QQXL, QQMG. Explore the stocks most correlated and inversely correlated with BULZ below, along with its price, financials, and company profile.

Stocks correlated with BULZ

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

Most correlated with BULZ

Symbol	Company	Correlation
IGM	iShares Expanded Tech Sector ETF	0.95
QQXL	ProShares Ultra QQQ Top 30	0.94
QQMG	Invesco ESG NASDAQ 100 ETFINVESTMENT ADVICE	0.94
QTOP	iShares Nasdaq Top 30 Stocks ETF	0.94
QQQM	Invesco NASDAQ 100 ETFINVESTMENT ADVICE	0.94

Most inversely correlated with BULZ

Symbol	Company	Correlation
BERZ	MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.99
QID	ProShares UltraShort QQQ	-0.94
SQQQ	ProShares UltraPro Short QQQ	-0.94
PSQ	ProShares Short QQQ	-0.94
TECS	Direxion Daily Technology Bear 3x ETF	-0.92

Frequently asked questions about BULZ correlations

Which stocks are most correlated with BULZ?: Based on one year of daily returns, the stocks most correlated with MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) are IGM (0.95), QQXL (0.94) and QQMG (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 BULZ?: Over the past year, the stocks most inversely correlated with MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) are BERZ (-0.99), QID (-0.94) and SQQQ (-0.94). 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 BULZ correlations calculated?: We compute the correlation of daily returns between BULZ 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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