CoreValues Alpha Greater China Growth ETF (CGRO) — Stock Correlations & Overview
Over the past year, CGRO has moved most closely with MCHI, GXC, FLCH. Explore the stocks most correlated and inversely correlated with CGRO below, along with its price, financials, and company profile.
Stocks correlated with CGRO
Correlation of daily returns. Higher positive values move with CGRO; negative values move opposite it. Informational only, not investment advice.
Most correlated with CGRO
| Symbol | Company | Correlation |
|---|---|---|
| MCHI | iShares MSCI China ETF | 0.92 |
| GXC | State Street SPDR S&P China ETF | 0.91 |
| FLCH | Franklin FTSE China ETF | 0.91 |
| KTEC | KraneShares Hang Seng TECH Index ETF | 0.91 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 0.90 |
Most inversely correlated with CGRO
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.88 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.87 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.84 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.60 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.60 |
Frequently asked questions about CGRO correlations
- Which stocks are most correlated with CGRO?
- Based on one year of daily returns, the stocks most correlated with CoreValues Alpha Greater China Growth ETF (CGRO) are MCHI (0.92), GXC (0.91) and FLCH (0.91). 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 CGRO?
- Over the past year, the stocks most inversely correlated with CoreValues Alpha Greater China Growth ETF (CGRO) are YANG (-0.88), FXP (-0.87) and YXI (-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 CGRO correlations calculated?
- We compute the correlation of daily returns between CGRO 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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