ProShares Decline of the Retail Store ETF (EMTY) — Stock Correlations & Overview
Over the past year, EMTY has moved most closely with SBB, SDD, SZK. Explore the stocks most correlated and inversely correlated with EMTY below, along with its price, financials, and company profile.
Stocks correlated with EMTY
Correlation of daily returns. Higher positive values move with EMTY; negative values move opposite it. Informational only, not investment advice.
Most correlated with EMTY
| Symbol | Company | Correlation |
|---|---|---|
| SBB | ProShares Short SmallCap600 | 0.61 |
| SDD | ProShares UltraShort SmallCap600 | 0.60 |
| SZK | ProShares UltraShort Consumer Staples | 0.60 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | 0.59 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.58 |
Most inversely correlated with EMTY
| Symbol | Company | Correlation |
|---|---|---|
| XRT | State Street SPDR S&P Retail ETF | -0.88 |
| RETL | Direxion Daily Retail Bull 3X ETF | -0.88 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | -0.79 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | -0.78 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | -0.78 |
Frequently asked questions about EMTY correlations
- Which stocks are most correlated with EMTY?
- Based on one year of daily returns, the stocks most correlated with ProShares Decline of the Retail Store ETF (EMTY) are SBB (0.61), SDD (0.60) and SZK (0.60). 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 EMTY?
- Over the past year, the stocks most inversely correlated with ProShares Decline of the Retail Store ETF (EMTY) are XRT (-0.88), RETL (-0.88) and FXD (-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 EMTY correlations calculated?
- We compute the correlation of daily returns between EMTY 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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