Which stocks are most correlated with DWSH?

Based on one year of daily returns, the stocks most correlated with AdvisorShares Dorsey Wright Short ETF (DWSH) are HDGE (0.88), EMTY (0.54) and CARD (0.54). 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 DWSH?

Over the past year, the stocks most inversely correlated with AdvisorShares Dorsey Wright Short ETF (DWSH) are DSTL (-0.78), DSMC (-0.78) and CALF (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

AdvisorShares Dorsey Wright Short ETF (DWSH) — Stock Correlations & Overview

Over the past year, DWSH has moved most closely with HDGE, EMTY, CARD. Explore the stocks most correlated and inversely correlated with DWSH below, along with its price, financials, and company profile.

Stocks correlated with DWSH

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

Most correlated with DWSH

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	0.88
EMTY	ProShares Decline of the Retail Store ETF	0.54
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	0.54
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	0.54
SEF	ProShares Short Financials	0.54

Most inversely correlated with DWSH

Symbol	Company	Correlation
DSTL	Distillate U.S. Fundamental Stability & Value ETF	-0.78
DSMC	Distillate Small/Mid Cash Flow ETF	-0.78
CALF	Pacer US Small Cap Cash Cows ETF	-0.78
FLOW	Global X U.S. Cash Flow Kings 100 ETF	-0.77
RNIN	Bushido Capital US SMID Cap Equity ETF	-0.77

Frequently asked questions about DWSH correlations

Which stocks are most correlated with DWSH?: Based on one year of daily returns, the stocks most correlated with AdvisorShares Dorsey Wright Short ETF (DWSH) are HDGE (0.88), EMTY (0.54) and CARD (0.54). 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 DWSH?: Over the past year, the stocks most inversely correlated with AdvisorShares Dorsey Wright Short ETF (DWSH) are DSTL (-0.78), DSMC (-0.78) and CALF (-0.78). 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 DWSH correlations calculated?: We compute the correlation of daily returns between DWSH 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.