Etsy, Inc. (ETSY) — Stock Correlations & Overview
Over the past year, ETSY has moved most closely with IBUY, EBIZ, SCOW. Explore the stocks most correlated and inversely correlated with ETSY below, along with its price, financials, and company profile.
Stocks correlated with ETSY
Correlation of daily returns. Higher positive values move with ETSY; negative values move opposite it. Informational only, not investment advice.
Most correlated with ETSY
| Symbol | Company | Correlation |
|---|---|---|
| IBUY | Amplify Online Retail ETF | 0.53 |
| EBIZ | Global X E-commerce ETF | 0.51 |
| SCOW | Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF | 0.50 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.48 |
| ONLN | ProShares Online Retail ETF | 0.47 |
Most inversely correlated with ETSY
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.40 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.38 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.35 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.32 |
| SDD | ProShares UltraShort SmallCap600 | -0.32 |
Frequently asked questions about ETSY correlations
- Which stocks are most correlated with ETSY?
- Based on one year of daily returns, the stocks most correlated with Etsy, Inc. (ETSY) are IBUY (0.53), EBIZ (0.51) and SCOW (0.50). 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 ETSY?
- Over the past year, the stocks most inversely correlated with Etsy, Inc. (ETSY) are FLYD (-0.40), HDGE (-0.38) and WEBS (-0.35). 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 ETSY correlations calculated?
- We compute the correlation of daily returns between ETSY 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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