Which stocks are most correlated with CPSP?

Based on one year of daily returns, the stocks most correlated with Calamos S&P 500 Structured Alt Protection ETF - April (CPSP) are APRW (0.79), XTAP (0.78) and CHRI (0.76). 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 CPSP?

Over the past year, the stocks most inversely correlated with Calamos S&P 500 Structured Alt Protection ETF - April (CPSP) are SDS (-0.73), SPXS (-0.73) and SPXU (-0.73). A negative correlation means the two stocks have tended to move in opposite directions.

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

Over the past year, CPSP has moved most closely with APRW, XTAP, CHRI. Explore the stocks most correlated and inversely correlated with CPSP below, along with its price, financials, and company profile.

Stocks correlated with CPSP

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

Most correlated with CPSP

Symbol	Company	Correlation
APRW	AllianzIM U.S. Equity Buffer20 Apr ETF	0.79
XTAP	Innovator U.S. Equity Accelerated Plus ETF - April	0.78
CHRI	Global X S&P 500 Christian Values ETF	0.76
GXLC	Global X U.S. 500 ETF	0.75
CSM	ProShares Large Cap Core Plus	0.75

Most inversely correlated with CPSP

Symbol	Company	Correlation
SDS	ProShares UltraShort S&P500	-0.73
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.73
SPXU	ProShares UltraPro Short S&P 500	-0.73
SH	ProShares Short S&P500	-0.72
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.72

Frequently asked questions about CPSP correlations

Which stocks are most correlated with CPSP?: Based on one year of daily returns, the stocks most correlated with Calamos S&P 500 Structured Alt Protection ETF - April (CPSP) are APRW (0.79), XTAP (0.78) and CHRI (0.76). 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 CPSP?: Over the past year, the stocks most inversely correlated with Calamos S&P 500 Structured Alt Protection ETF - April (CPSP) are SDS (-0.73), SPXS (-0.73) and SPXU (-0.73). 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 CPSP correlations calculated?: We compute the correlation of daily returns between CPSP 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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