Eventide Small Cap ETF (ESSC) — Stock Correlations & Overview
Over the past year, ESSC has moved most closely with RUSC, PRFZ, BBSC. Explore the stocks most correlated and inversely correlated with ESSC below, along with its price, financials, and company profile.
Stocks correlated with ESSC
Correlation of daily returns. Higher positive values move with ESSC; negative values move opposite it. Informational only, not investment advice.
Most correlated with ESSC
| Symbol | Company | Correlation |
|---|---|---|
| RUSC | Russell Investments Exchange Traded Funds Russell Investments U.S. Small Cap Equity ETF | 0.97 |
| PRFZ | Invesco Exchange-Traded Fund Trust Invesco RAFI US 1500 Small-Mid ETF | 0.97 |
| BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 0.97 |
| GSSC | GS ActiveBeta U.S. Small Cap Equity ETF | 0.97 |
| IWM | iShares Russell 2000 ETF | 0.96 |
Frequently asked questions about ESSC correlations
- Which stocks are most correlated with ESSC?
- Based on one year of daily returns, the stocks most correlated with Eventide Small Cap ETF (ESSC) are RUSC (0.97), PRFZ (0.97) and BBSC (0.97). 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 ESSC?
- Over the past year, the stocks most inversely correlated with Eventide Small Cap ETF (ESSC) are RWM (-0.96), TZA (-0.96) and SRTY (-0.96). 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 ESSC correlations calculated?
- We compute the correlation of daily returns between ESSC 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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