YieldMax Short COIN Option Income Strategy ETF (FIAT) — Stock Correlations & Overview
Over the past year, FIAT has moved most closely with CONI, WNTR, SBIT. Explore the stocks most correlated and inversely correlated with FIAT below, along with its price, financials, and company profile.
Stocks correlated with FIAT
Correlation of daily returns. Higher positive values move with FIAT; negative values move opposite it. Informational only, not investment advice.
Most correlated with FIAT
| Symbol | Company | Correlation |
|---|---|---|
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | 0.96 |
| WNTR | YieldMax MSTR Short Option Income Strategy ETF | 0.75 |
| SBIT | ProShares UltraShort Bitcoin ETF | 0.74 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.74 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | 0.74 |
Most inversely correlated with FIAT
| Symbol | Company | Correlation |
|---|---|---|
| COIN | Coinbase Global, Inc. Class A Common StockFINANCE SERVICES | -0.96 |
| COIW | Roundhill COIN WeeklyPay ETF | -0.95 |
| CONL | GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF | -0.95 |
| COIG | Leverage Shares 2X Long COIN Daily ETF | -0.95 |
| COIA | ProShares Ultra COIN | -0.95 |
Frequently asked questions about FIAT correlations
- Which stocks are most correlated with FIAT?
- Based on one year of daily returns, the stocks most correlated with YieldMax Short COIN Option Income Strategy ETF (FIAT) are CONI (0.96), WNTR (0.75) and SBIT (0.74). 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 FIAT?
- Over the past year, the stocks most inversely correlated with YieldMax Short COIN Option Income Strategy ETF (FIAT) are COIN (-0.96), COIW (-0.95) and CONL (-0.95). 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 FIAT correlations calculated?
- We compute the correlation of daily returns between FIAT 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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