Day Hagan Smart Buffer ETF (DHSB) — Stock Correlations & Overview
Over the past year, DHSB has moved most closely with SPYI, STEN, NVBT. Explore the stocks most correlated and inversely correlated with DHSB below, along with its price, financials, and company profile.
Stocks correlated with DHSB
Correlation of daily returns. Higher positive values move with DHSB; negative values move opposite it. Informational only, not investment advice.
Frequently asked questions about DHSB correlations
- Which stocks are most correlated with DHSB?
- Based on one year of daily returns, the stocks most correlated with Day Hagan Smart Buffer ETF (DHSB) are SPYI (0.67), STEN (0.67) and NVBT (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 DHSB?
- Over the past year, the stocks most inversely correlated with Day Hagan Smart Buffer ETF (DHSB) are SPXS (-0.66), SDS (-0.65) and SPXU (-0.65). 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 DHSB correlations calculated?
- We compute the correlation of daily returns between DHSB 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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