Simplify China A Shares PLUS Income ETF (CAS) — Stock Correlations & Overview
Over the past year, CAS has moved most closely with TRIO, QXQ, SNTH. Explore the stocks most correlated and inversely correlated with CAS below, along with its price, financials, and company profile.
Stocks correlated with CAS
Correlation of daily returns. Higher positive values move with CAS; negative values move opposite it. Informational only, not investment advice.
Most correlated with CAS
| Symbol | Company | Correlation |
|---|---|---|
| TRIO | MC Trio Equity Buffered ETF | 0.84 |
| QXQ | SGI Enhanced Nasdaq-100 ETF | 0.78 |
| SNTH | MRP SynthEquity ETF | 0.77 |
| WUGI | AXS Esoterica NextG Economy ETF | 0.74 |
| MMAX | iShares Large Cap Max Buffer Mar ETF | 0.73 |
Most inversely correlated with CAS
| Symbol | Company | Correlation |
|---|---|---|
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.38 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.38 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.38 |
| PCLA | PicoCELA Inc. American Depositary Shares | -0.38 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.36 |
Frequently asked questions about CAS correlations
- Which stocks are most correlated with CAS?
- Based on one year of daily returns, the stocks most correlated with Simplify China A Shares PLUS Income ETF (CAS) are TRIO (0.84), QXQ (0.78) and SNTH (0.77). 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 CAS?
- Over the past year, the stocks most inversely correlated with Simplify China A Shares PLUS Income ETF (CAS) are EUM (-0.38), EEV (-0.38) and EDZ (-0.38). 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 CAS correlations calculated?
- We compute the correlation of daily returns between CAS 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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