Roundhill COIN WeeklyPay ETF (COIW) — Stock Correlations & Overview
Over the past year, COIW has moved most closely with COIN, CONL, COIA. Explore the stocks most correlated and inversely correlated with COIW below, along with its price, financials, and company profile.
Stocks correlated with COIW
Correlation of daily returns. Higher positive values move with COIW; negative values move opposite it. Informational only, not investment advice.
Most correlated with COIW
| Symbol | Company | Correlation |
|---|---|---|
| COIN | Coinbase Global, Inc. Class A Common StockFINANCE SERVICES | 0.99 |
| CONL | GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF | 0.99 |
| COIA | ProShares Ultra COIN | 0.99 |
| COIG | Leverage Shares 2X Long COIN Daily ETF | 0.99 |
| CONY | YieldMax COIN Option Income Strategy ETF | 0.96 |
Most inversely correlated with COIW
| Symbol | Company | Correlation |
|---|---|---|
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.99 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.95 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.78 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.78 |
| BITI | ProShares Short Bitcoin ETF | -0.77 |
Frequently asked questions about COIW correlations
- Which stocks are most correlated with COIW?
- Based on one year of daily returns, the stocks most correlated with Roundhill COIN WeeklyPay ETF (COIW) are COIN (0.99), CONL (0.99) and COIA (0.99). 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 COIW?
- Over the past year, the stocks most inversely correlated with Roundhill COIN WeeklyPay ETF (COIW) are CONI (-0.99), FIAT (-0.95) and SBIT (-0.78). 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 COIW correlations calculated?
- We compute the correlation of daily returns between COIW 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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