Which stocks are most correlated with CRPT?

Based on one year of daily returns, the stocks most correlated with First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) are BCOR (0.91), OWNB (0.90) and EZPZ (0.90). 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 CRPT?

Over the past year, the stocks most inversely correlated with First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) are BTCZ (-0.89), SBIT (-0.89) and BITI (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) — Stock Correlations & Overview

Over the past year, CRPT has moved most closely with BCOR, OWNB, EZPZ. Explore the stocks most correlated and inversely correlated with CRPT below, along with its price, financials, and company profile.

Stocks correlated with CRPT

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

Most correlated with CRPT

Symbol	Company	Correlation
BCOR	Grayscale Bitcoin Adopters ETFFINANCE SERVICES	0.91
OWNB	Bitwise Bitcoin Standard Corporations ETF	0.90
EZPZ	Franklin Crypto Index ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.90
BTCW	WisdomTree Bitcoin FundCOMMODITY CONTRACTS BROKERS & DEALERS	0.89
SATO	Invesco Alerian Galaxy Crypto Economy ETFINVESTMENT ADVICE	0.89

Most inversely correlated with CRPT

Symbol	Company	Correlation
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.89
SBIT	ProShares UltraShort Bitcoin ETF	-0.89
BITI	ProShares Short Bitcoin ETF	-0.87
MSTZ	T-Rex 2X Inverse MSTR Daily Target ETF	-0.86
SMST	Tidal Trust II Defiance Daily Target 2x Short MSTR ETF	-0.86

Frequently asked questions about CRPT correlations

Which stocks are most correlated with CRPT?: Based on one year of daily returns, the stocks most correlated with First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) are BCOR (0.91), OWNB (0.90) and EZPZ (0.90). 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 CRPT?: Over the past year, the stocks most inversely correlated with First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) are BTCZ (-0.89), SBIT (-0.89) and BITI (-0.87). 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 CRPT correlations calculated?: We compute the correlation of daily returns between CRPT 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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