Which stocks are most correlated with CBOA?

Based on one year of daily returns, the stocks most correlated with Calamos Bitcoin Structured Alt Protection ETF - April (CBOA) are CBXA (0.95), CBTA (0.89) and NCIQ (0.86). 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 CBOA?

Over the past year, the stocks most inversely correlated with Calamos Bitcoin Structured Alt Protection ETF - April (CBOA) are BTCZ (-0.85), SBIT (-0.85) and BITI (-0.84). A negative correlation means the two stocks have tended to move in opposite directions.

Calamos Bitcoin Structured Alt Protection ETF - April (CBOA) — Stock Correlations & Overview

Over the past year, CBOA has moved most closely with CBXA, CBTA, NCIQ. Explore the stocks most correlated and inversely correlated with CBOA below, along with its price, financials, and company profile.

Stocks correlated with CBOA

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

Most correlated with CBOA

Symbol	Company	Correlation
CBXA	Calamos Bitcoin 90 Series Structured Alt Protection ETF - April	0.95
CBTA	Calamos Bitcoin 80 Series Structured Alt Protection ETF - April	0.89
NCIQ	Hashdex Nasdaq CME Crypto Index ETF Shares of Beneficial InterestCOMMODITY CONTRACTS BROKERS & DEALERS	0.86
EZPZ	Franklin Crypto Index ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.86
IBIT	iShares Bitcoin Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.86

Most inversely correlated with CBOA

Symbol	Company	Correlation
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.85
SBIT	ProShares UltraShort Bitcoin ETF	-0.85
BITI	ProShares Short Bitcoin ETF	-0.84
ETHD	ProShares UltraShort Ether ETF	-0.81
SETH	ProShares Short Ether ETF	-0.81

Frequently asked questions about CBOA correlations

Which stocks are most correlated with CBOA?: Based on one year of daily returns, the stocks most correlated with Calamos Bitcoin Structured Alt Protection ETF - April (CBOA) are CBXA (0.95), CBTA (0.89) and NCIQ (0.86). 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 CBOA?: Over the past year, the stocks most inversely correlated with Calamos Bitcoin Structured Alt Protection ETF - April (CBOA) are BTCZ (-0.85), SBIT (-0.85) and BITI (-0.84). 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 CBOA correlations calculated?: We compute the correlation of daily returns between CBOA 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.