The Walt Disney Company (DIS) — Stock Correlations & Overview
Over the past year, DIS has moved most closely with RSPC, MILN, IYC. Explore the stocks most correlated and inversely correlated with DIS below, along with its price, financials, and company profile.
Stocks correlated with DIS
Correlation of daily returns. Higher positive values move with DIS; negative values move opposite it. Informational only, not investment advice.
Most correlated with DIS
| Symbol | Company | Correlation |
|---|---|---|
| RSPC | Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF | 0.57 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.56 |
| IYC | iShares U.S. Consumer Discretionary ETF | 0.56 |
| FLYU | MicroSectors Travel 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.54 |
| CAPE | DoubleLine Shiller CAPE U.S. Equities ETF | 0.54 |
Most inversely correlated with DIS
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.54 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.48 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.44 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
| DXD | ProShares UltraShort Dow 30 | -0.43 |
Frequently asked questions about DIS correlations
- Which stocks are most correlated with DIS?
- Based on one year of daily returns, the stocks most correlated with The Walt Disney Company (DIS) are RSPC (0.57), MILN (0.56) and IYC (0.56). 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 DIS?
- Over the past year, the stocks most inversely correlated with The Walt Disney Company (DIS) are FLYD (-0.54), HDGE (-0.48) and SCC (-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 DIS correlations calculated?
- We compute the correlation of daily returns between DIS 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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