Which stocks are most correlated with CHPX?

Based on one year of daily returns, the stocks most correlated with Global X AI Semiconductor & Quantum ETF (CHPX) are SMH (0.96), AIS (0.96) and SOXQ (0.96). 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 CHPX?

Over the past year, the stocks most inversely correlated with Global X AI Semiconductor & Quantum ETF (CHPX) are SOXS (-0.95), TSXD (-0.94) and REW (-0.93). A negative correlation means the two stocks have tended to move in opposite directions.

Global X AI Semiconductor & Quantum ETF (CHPX) — Stock Correlations & Overview

Over the past year, CHPX has moved most closely with SMH, AIS, SOXQ. Explore the stocks most correlated and inversely correlated with CHPX below, along with its price, financials, and company profile.

Stocks correlated with CHPX

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

Most correlated with CHPX

Symbol	Company	Correlation
SMH	VanEck Semiconductor ETF	0.96
AIS	VistaShares Artificial Intelligence Supercycle ETF	0.96
SOXQ	Invesco PHLX Semiconductor ETFINVESTMENT ADVICE	0.96
SHOC	Strive U.S. Semiconductor ETF	0.96
CHPS	Xtrackers Semiconductor Select Equity ETF	0.96

Most inversely correlated with CHPX

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.95
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.94
REW	Proshares UltraShort Technology	-0.93
SSG	ProShares UltraShort Semiconductors	-0.92
TECS	Direxion Daily Technology Bear 3x ETF	-0.92

Frequently asked questions about CHPX correlations

Which stocks are most correlated with CHPX?: Based on one year of daily returns, the stocks most correlated with Global X AI Semiconductor & Quantum ETF (CHPX) are SMH (0.96), AIS (0.96) and SOXQ (0.96). 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 CHPX?: Over the past year, the stocks most inversely correlated with Global X AI Semiconductor & Quantum ETF (CHPX) are SOXS (-0.95), TSXD (-0.94) and REW (-0.93). 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 CHPX correlations calculated?: We compute the correlation of daily returns between CHPX 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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