Which stocks are most correlated with CSCL?

Based on one year of daily returns, the stocks most correlated with Direxion Daily CSCO Bull 2X ETF (CSCL) are CSCO (1.00), IYZ (0.64) and XPND (0.51). 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 CSCL?

Over the past year, the stocks most inversely correlated with Direxion Daily CSCO Bull 2X ETF (CSCL) are CSCS (-0.98), REW (-0.44) and TECS (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Daily CSCO Bull 2X ETF (CSCL) — Stock Correlations & Overview

Over the past year, CSCL has moved most closely with CSCO, IYZ, XPND. Explore the stocks most correlated and inversely correlated with CSCL below, along with its price, financials, and company profile.

Stocks correlated with CSCL

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

Most correlated with CSCL

Symbol	Company	Correlation
CSCO	Cisco Systems, Inc. Common Stock (DE)COMPUTER COMMUNICATIONS EQUIPMENT	1.00
IYZ	iShares U.S. Telecommunications ETF	0.64
XPND	First Trust Expanded Technology ETF	0.51
HPE	Hewlett Packard Enterprise CompanyCOMPUTER & OFFICE EQUIPMENT	0.51
HPEpC	Hewlett Packard Enterprise Company 7.625% Series C Mandatory Convertible Preferred StockCOMPUTER & OFFICE EQUIPMENT	0.49

Most inversely correlated with CSCL

Symbol	Company	Correlation
CSCS	Direxion Daily CSCO Bear 1X ETF	-0.98
REW	Proshares UltraShort Technology	-0.44
TECS	Direxion Daily Technology Bear 3x ETF	-0.44
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.41
PSQ	ProShares Short QQQ	-0.40

Frequently asked questions about CSCL correlations

Which stocks are most correlated with CSCL?: Based on one year of daily returns, the stocks most correlated with Direxion Daily CSCO Bull 2X ETF (CSCL) are CSCO (1.00), IYZ (0.64) and XPND (0.51). 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 CSCL?: Over the past year, the stocks most inversely correlated with Direxion Daily CSCO Bull 2X ETF (CSCL) are CSCS (-0.98), REW (-0.44) and TECS (-0.44). 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 CSCL correlations calculated?: We compute the correlation of daily returns between CSCL 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.