Which stocks are most correlated with CRDU?

Based on one year of daily returns, the stocks most correlated with Tradr 2X Long CRDO Daily ETF (CRDU) are CRDO (1.00), SPRX (0.68) and BAI (0.67). 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 CRDU?

Over the past year, the stocks most inversely correlated with Tradr 2X Long CRDO Daily ETF (CRDU) are SOXS (-0.63), TECS (-0.60) and REW (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.

Tradr 2X Long CRDO Daily ETF (CRDU) — Stock Correlations & Overview

Over the past year, CRDU has moved most closely with CRDO, SPRX, BAI. Explore the stocks most correlated and inversely correlated with CRDU below, along with its price, financials, and company profile.

Stocks correlated with CRDU

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

Most correlated with CRDU

Symbol	Company	Correlation
CRDO	Credo Technology Group Holding Ltd Ordinary SharesSEMICONDUCTORS & RELATED DEVICES	1.00
SPRX	Spear Alpha ETF	0.68
BAI	iShares A.I. Innovation and Tech Active ETF	0.67
EGGQ	NestYield Visionary ETF	0.67
EGGS	NestYield Total Return Guard ETF	0.65

Most inversely correlated with CRDU

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.63
TECS	Direxion Daily Technology Bear 3x ETF	-0.60
REW	Proshares UltraShort Technology	-0.60
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.60
SSG	ProShares UltraShort Semiconductors	-0.60

Frequently asked questions about CRDU correlations

Which stocks are most correlated with CRDU?: Based on one year of daily returns, the stocks most correlated with Tradr 2X Long CRDO Daily ETF (CRDU) are CRDO (1.00), SPRX (0.68) and BAI (0.67). 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 CRDU?: Over the past year, the stocks most inversely correlated with Tradr 2X Long CRDO Daily ETF (CRDU) are SOXS (-0.63), TECS (-0.60) and REW (-0.60). 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 CRDU correlations calculated?: We compute the correlation of daily returns between CRDU 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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