YieldMax COIN Option Income Strategy ETF (CONY) — Stock Correlations & Overview
Over the past year, CONY has moved most closely with CONL, COIA, COIN. Explore the stocks most correlated and inversely correlated with CONY below, along with its price, financials, and company profile.
Stocks correlated with CONY
Correlation of daily returns. Higher positive values move with CONY; negative values move opposite it. Informational only, not investment advice.
Most correlated with CONY
| Symbol | Company | Correlation |
|---|---|---|
| CONL | GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF | 0.97 |
| COIA | ProShares Ultra COIN | 0.97 |
| COIN | Coinbase Global, Inc. Class A Common StockFINANCE SERVICES | 0.97 |
| COIG | Leverage Shares 2X Long COIN Daily ETF | 0.97 |
| COIW | Roundhill COIN WeeklyPay ETF | 0.96 |
Most inversely correlated with CONY
| Symbol | Company | Correlation |
|---|---|---|
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.96 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.88 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.80 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.80 |
| BITI | ProShares Short Bitcoin ETF | -0.79 |
Frequently asked questions about CONY correlations
- Which stocks are most correlated with CONY?
- Based on one year of daily returns, the stocks most correlated with YieldMax COIN Option Income Strategy ETF (CONY) are CONL (0.97), COIA (0.97) and COIN (0.97). 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 CONY?
- Over the past year, the stocks most inversely correlated with YieldMax COIN Option Income Strategy ETF (CONY) are CONI (-0.96), FIAT (-0.88) and BTCZ (-0.80). 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 CONY correlations calculated?
- We compute the correlation of daily returns between CONY 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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