NestYield Dynamic Income ETF (EGGY) — Stock Correlations & Overview

Over the past year, EGGY has moved most closely with EGGQ, EGGS, IQM. Explore the stocks most correlated and inversely correlated with EGGY below, along with its price, financials, and company profile.

Stocks correlated with EGGY

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

Most correlated with EGGY

SymbolCompanyCorrelation
EGGQNestYield Visionary ETF0.97
EGGSNestYield Total Return Guard ETF0.94
IQMFranklin Intelligent Machines ETF0.89
BAIiShares A.I. Innovation and Tech Active ETF0.88
PTFInvesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF0.87

Most inversely correlated with EGGY

SymbolCompanyCorrelation
SOXSDirexion Daily Semiconductor Bear 3X ETF-0.82
SSGProShares UltraShort Semiconductors-0.79
TSXDDirexion Daily Semiconductors Top 5 Bear 2X ETF-0.79
REWProshares UltraShort Technology-0.79
TECSDirexion Daily Technology Bear 3x ETF-0.79

Frequently asked questions about EGGY correlations

Which stocks are most correlated with EGGY?
Based on one year of daily returns, the stocks most correlated with NestYield Dynamic Income ETF (EGGY) are EGGQ (0.97), EGGS (0.94) and IQM (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 EGGY?
Over the past year, the stocks most inversely correlated with NestYield Dynamic Income ETF (EGGY) are SOXS (-0.82), SSG (-0.79) and TSXD (-0.79). 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 EGGY correlations calculated?
We compute the correlation of daily returns between EGGY 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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