Franklin Disruptive Commerce ETF (BUYZ) — Stock Correlations & Overview
Over the past year, BUYZ has moved most closely with PNQI, MILN, EBIZ. Explore the stocks most correlated and inversely correlated with BUYZ below, along with its price, financials, and company profile.
Stocks correlated with BUYZ
Correlation of daily returns. Higher positive values move with BUYZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BUYZ
| Symbol | Company | Correlation |
|---|---|---|
| PNQI | Invesco NASDAQ Internet ETF | 0.90 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.88 |
| EBIZ | Global X E-commerce ETF | 0.87 |
| IBUY | Amplify Online Retail ETF | 0.87 |
| WEBL | Direxion Daily Dow Jones Internet Bull 3X ETF | 0.85 |
Most inversely correlated with BUYZ
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.84 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.73 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.70 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.70 |
| SH | ProShares Short S&P500 | -0.68 |
Frequently asked questions about BUYZ correlations
- Which stocks are most correlated with BUYZ?
- Based on one year of daily returns, the stocks most correlated with Franklin Disruptive Commerce ETF (BUYZ) are PNQI (0.90), MILN (0.88) and EBIZ (0.87). 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 BUYZ?
- Over the past year, the stocks most inversely correlated with Franklin Disruptive Commerce ETF (BUYZ) are WEBS (-0.84), SCC (-0.73) and FLYD (-0.70). 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 BUYZ correlations calculated?
- We compute the correlation of daily returns between BUYZ 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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