Which stocks are most correlated with CHW?

Based on one year of daily returns, the stocks most correlated with Calamos Global Dynamic Income Fund (CHW) are CSQ (0.80), CGO (0.80) and AAAA (0.76). 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 CHW?

Over the past year, the stocks most inversely correlated with Calamos Global Dynamic Income Fund (CHW) are SPXS (-0.75), SPXU (-0.75) and SDS (-0.74). A negative correlation means the two stocks have tended to move in opposite directions.

Calamos Global Dynamic Income Fund (CHW) — Stock Correlations & Overview

Over the past year, CHW has moved most closely with CSQ, CGO, AAAA. Explore the stocks most correlated and inversely correlated with CHW below, along with its price, financials, and company profile.

Stocks correlated with CHW

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

Most correlated with CHW

Symbol	Company	Correlation
CSQ	Calamos Strategic Total Return Fund	0.80
CGO	Calamos Global Total Return Fund	0.80
AAAA	Amplius Aggressive Asset Allocation ETF	0.76
QVML	Invesco S&P 500 QVM Multi-factor ETFINVESTMENT ADVICE	0.76
INRO	BlackRock ETF Trust iShares U.S. Industry Rotation Active ETF	0.76

Most inversely correlated with CHW

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.75
SPXU	ProShares UltraPro Short S&P 500	-0.75
SDS	ProShares UltraShort S&P500	-0.74
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.74
SH	ProShares Short S&P500	-0.74

Frequently asked questions about CHW correlations

Which stocks are most correlated with CHW?: Based on one year of daily returns, the stocks most correlated with Calamos Global Dynamic Income Fund (CHW) are CSQ (0.80), CGO (0.80) and AAAA (0.76). 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 CHW?: Over the past year, the stocks most inversely correlated with Calamos Global Dynamic Income Fund (CHW) are SPXS (-0.75), SPXU (-0.75) and SDS (-0.74). 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 CHW correlations calculated?: We compute the correlation of daily returns between CHW 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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