Which stocks are most correlated with DTEC?

Based on one year of daily returns, the stocks most correlated with ALPS Disruptive Technologies ETF (DTEC) are XSW (0.91), ABOT (0.90) and DRUP (0.89). 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 DTEC?

Over the past year, the stocks most inversely correlated with ALPS Disruptive Technologies ETF (DTEC) are WEBS (-0.82), HDGE (-0.76) and SDS (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.

ALPS Disruptive Technologies ETF (DTEC) — Stock Correlations & Overview

Over the past year, DTEC has moved most closely with XSW, ABOT, DRUP. Explore the stocks most correlated and inversely correlated with DTEC below, along with its price, financials, and company profile.

Stocks correlated with DTEC

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

Most correlated with DTEC

Symbol	Company	Correlation
XSW	State Street SPDR S&P Software & Services ETF	0.91
ABOT	Abacus FCF Innovation Leaders ETF	0.90
DRUP	GraniteShares Nasdaq Select Disruptors ETF	0.89
CLOD	Themes Cloud Computing ETF	0.88
QOWZ	Invesco Nasdaq Free Cash Flow Achievers ETFINVESTMENT ADVICE	0.88

Most inversely correlated with DTEC

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.82
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.76
SDS	ProShares UltraShort S&P500	-0.70
SPXU	ProShares UltraPro Short S&P 500	-0.70
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.70

Frequently asked questions about DTEC correlations

Which stocks are most correlated with DTEC?: Based on one year of daily returns, the stocks most correlated with ALPS Disruptive Technologies ETF (DTEC) are XSW (0.91), ABOT (0.90) and DRUP (0.89). 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 DTEC?: Over the past year, the stocks most inversely correlated with ALPS Disruptive Technologies ETF (DTEC) are WEBS (-0.82), HDGE (-0.76) and SDS (-0.70). 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 DTEC correlations calculated?: We compute the correlation of daily returns between DTEC 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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