Which stocks are most correlated with CPSA?

Based on one year of daily returns, the stocks most correlated with Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) are UAUG (0.89), PMAU (0.88) and AUGT (0.88). 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 CPSA?

Over the past year, the stocks most inversely correlated with Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) are SDS (-0.82), SPXU (-0.82) and SPXS (-0.81). A negative correlation means the two stocks have tended to move in opposite directions.

Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) — Stock Correlations & Overview

Over the past year, CPSA has moved most closely with UAUG, PMAU, AUGT. Explore the stocks most correlated and inversely correlated with CPSA below, along with its price, financials, and company profile.

Stocks correlated with CPSA

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

Most correlated with CPSA

Symbol	Company	Correlation
UAUG	Innovator U.S. Equity Ultra Buffer ETF - August	0.89
PMAU	PGIM S&P 500 Max Buffer ETF - August	0.88
AUGT	AllianzIM U.S. Equity Buffer10 Aug ETF	0.88
PAUG	Innovator U.S. Equity Power Buffer ETF - August	0.87
BAUG	Innovator U.S. Equity Buffer ETF - August	0.87

Most inversely correlated with CPSA

Symbol	Company	Correlation
SDS	ProShares UltraShort S&P500	-0.82
SPXU	ProShares UltraPro Short S&P 500	-0.82
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.81
SH	ProShares Short S&P500	-0.81
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.81

Frequently asked questions about CPSA correlations

Which stocks are most correlated with CPSA?: Based on one year of daily returns, the stocks most correlated with Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) are UAUG (0.89), PMAU (0.88) and AUGT (0.88). 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 CPSA?: Over the past year, the stocks most inversely correlated with Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) are SDS (-0.82), SPXU (-0.82) and SPXS (-0.81). 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 CPSA correlations calculated?: We compute the correlation of daily returns between CPSA 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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