GraniteShares YieldBOOST COIN ETF (COYY) — Stock Correlations & Overview
Over the past year, COYY has moved most closely with HOYY, XBTY, COIG. Explore the stocks most correlated and inversely correlated with COYY below, along with its price, financials, and company profile.
Stocks correlated with COYY
Correlation of daily returns. Higher positive values move with COYY; negative values move opposite it. Informational only, not investment advice.
Most correlated with COYY
| Symbol | Company | Correlation |
|---|---|---|
| HOYY | GraniteShares YieldBOOST HOOD ETF | 0.74 |
| XBTY | GraniteShares YieldBOOST Bitcoin ETF | 0.74 |
| COIG | Leverage Shares 2X Long COIN Daily ETF | 0.72 |
| COIA | ProShares Ultra COIN | 0.72 |
| CONL | GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF | 0.72 |
Most inversely correlated with COYY
| Symbol | Company | Correlation |
|---|---|---|
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.70 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.68 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.61 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.58 |
| BITI | ProShares Short Bitcoin ETF | -0.58 |
Frequently asked questions about COYY correlations
- Which stocks are most correlated with COYY?
- Based on one year of daily returns, the stocks most correlated with GraniteShares YieldBOOST COIN ETF (COYY) are HOYY (0.74), XBTY (0.74) and COIG (0.72). 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 COYY?
- Over the past year, the stocks most inversely correlated with GraniteShares YieldBOOST COIN ETF (COYY) are CONI (-0.70), FIAT (-0.68) and SARK (-0.61). 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 COYY correlations calculated?
- We compute the correlation of daily returns between COYY 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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