ProShares Long Online/Short Stores ETF (CLIX) — Stock Correlations & Overview
Over the past year, CLIX has moved most closely with ONLN, BUYZ, EBIZ. Explore the stocks most correlated and inversely correlated with CLIX below, along with its price, financials, and company profile.
Stocks correlated with CLIX
Correlation of daily returns. Higher positive values move with CLIX; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLIX
| Symbol | Company | Correlation |
|---|---|---|
| ONLN | ProShares Online Retail ETF | 0.93 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.80 |
| EBIZ | Global X E-commerce ETF | 0.80 |
| PNQI | Invesco NASDAQ Internet ETF | 0.77 |
| IBUY | Amplify Online Retail ETF | 0.76 |
Most inversely correlated with CLIX
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.75 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.70 |
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.70 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.65 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.64 |
Frequently asked questions about CLIX correlations
- Which stocks are most correlated with CLIX?
- Based on one year of daily returns, the stocks most correlated with ProShares Long Online/Short Stores ETF (CLIX) are ONLN (0.93), BUYZ (0.80) and EBIZ (0.80). 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 CLIX?
- Over the past year, the stocks most inversely correlated with ProShares Long Online/Short Stores ETF (CLIX) are WEBS (-0.75), QQQD (-0.70) and AMZD (-0.70). 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 CLIX correlations calculated?
- We compute the correlation of daily returns between CLIX 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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