Simplify Currency Strategy ETF (FOXY) — Stock Correlations & Overview
Over the past year, FOXY has moved most closely with SBIL, BUCK, CAS. Explore the stocks most correlated and inversely correlated with FOXY below, along with its price, financials, and company profile.
Stocks correlated with FOXY
Correlation of daily returns. Higher positive values move with FOXY; negative values move opposite it. Informational only, not investment advice.
Most correlated with FOXY
| Symbol | Company | Correlation |
|---|---|---|
| SBIL | Simplify Government Money Market ETF | 0.38 |
| BUCK | Simplify Treasury Option Income ETF | 0.36 |
| CAS | Simplify China A Shares PLUS Income ETFBLANK CHECKS | 0.30 |
| XV | Simplify Target 15 Distribution ETF | 0.29 |
| DBMF | iMGP DBi Managed Futures Strategy ETF | 0.27 |
Most inversely correlated with FOXY
| Symbol | Company | Correlation |
|---|---|---|
| VABS | Virtus Newfleet ABS/MBS ETF | -0.22 |
| EUDA | EUDA Health Holdings Limited Ordinary SharesSERVICES-HEALTH SERVICES | -0.21 |
| HYBX | TCW High Yield Bond ETF | -0.21 |
| BRNS | Barinthus Biotherapeutics plc American Depositary SharesPHARMACEUTICAL PREPARATIONS | -0.20 |
| BOTJ | Bank of the James Financial Group, IncSTATE COMMERCIAL BANKS | -0.19 |
Frequently asked questions about FOXY correlations
- Which stocks are most correlated with FOXY?
- Based on one year of daily returns, the stocks most correlated with Simplify Currency Strategy ETF (FOXY) are SBIL (0.38), BUCK (0.36) and CAS (0.30). 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 FOXY?
- Over the past year, the stocks most inversely correlated with Simplify Currency Strategy ETF (FOXY) are VABS (-0.22), EUDA (-0.21) and HYBX (-0.21). 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 FOXY correlations calculated?
- We compute the correlation of daily returns between FOXY 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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