First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) — Stock Correlations & Overview
Over the past year, EKG has moved most closely with HEAL, HTEC, XHE. Explore the stocks most correlated and inversely correlated with EKG below, along with its price, financials, and company profile.
Stocks correlated with EKG
Correlation of daily returns. Higher positive values move with EKG; negative values move opposite it. Informational only, not investment advice.
Most correlated with EKG
| Symbol | Company | Correlation |
|---|---|---|
| HEAL | Global X Funds Global X HealthTech ETF | 0.88 |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.86 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.80 |
| MDEV | First Trust Indxx Medical Devices ETF | 0.79 |
| LGHT | Langar Global HealthTech ETF | 0.78 |
Most inversely correlated with EKG
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.65 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.62 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.60 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.59 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.58 |
Frequently asked questions about EKG correlations
- Which stocks are most correlated with EKG?
- Based on one year of daily returns, the stocks most correlated with First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) are HEAL (0.88), HTEC (0.86) and XHE (0.80). 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 EKG?
- Over the past year, the stocks most inversely correlated with First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) are HDGE (-0.65), SARK (-0.62) and WEBS (-0.60). 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 EKG correlations calculated?
- We compute the correlation of daily returns between EKG 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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