GraniteShares 2x Long DELL Daily ETF (DLLL) — Stock Correlations & Overview
Over the past year, DLLL has moved most closely with DELL, HPE, HPEpC. Explore the stocks most correlated and inversely correlated with DLLL below, along with its price, financials, and company profile.
Stocks correlated with DLLL
Correlation of daily returns. Higher positive values move with DLLL; negative values move opposite it. Informational only, not investment advice.
Most correlated with DLLL
| Symbol | Company | Correlation |
|---|---|---|
| DELL | Dell Technologies Inc.ELECTRONIC COMPUTERS | 1.00 |
| HPE | Hewlett Packard Enterprise CompanyCOMPUTER & OFFICE EQUIPMENT | 0.67 |
| HPEpC | Hewlett Packard Enterprise Company 7.625% Series C Mandatory Convertible Preferred StockCOMPUTER & OFFICE EQUIPMENT | 0.67 |
| NTAP | NetApp, IncCOMPUTER STORAGE DEVICES | 0.61 |
| AIVC | Amplify Bloomberg AI Equal Weight ETF | 0.58 |
Most inversely correlated with DLLL
| Symbol | Company | Correlation |
|---|---|---|
| TECS | Direxion Daily Technology Bear 3x ETF | -0.52 |
| REW | Proshares UltraShort Technology | -0.52 |
| SMCZ | Defiance Daily Target 2X Short SMCI ETF | -0.52 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.49 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.47 |
Frequently asked questions about DLLL correlations
- Which stocks are most correlated with DLLL?
- Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long DELL Daily ETF (DLLL) are DELL (1.00), HPE (0.67) and HPEpC (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 DLLL?
- Over the past year, the stocks most inversely correlated with GraniteShares 2x Long DELL Daily ETF (DLLL) are TECS (-0.52), REW (-0.52) and SMCZ (-0.52). 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 DLLL correlations calculated?
- We compute the correlation of daily returns between DLLL 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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