Which stocks are most correlated with GABF?

Based on one year of daily returns, the stocks most correlated with Gabelli Financial Services Opportunities ETF (GABF) are VFH (0.90), FNCL (0.90) and RSPF (0.90). 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 GABF?

Over the past year, the stocks most inversely correlated with Gabelli Financial Services Opportunities ETF (GABF) are FAZ (-0.88), SKF (-0.88) and SEF (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

Gabelli Financial Services Opportunities ETF (GABF) — Stock Correlations & Overview

Over the past year, GABF has moved most closely with VFH, FNCL, RSPF. Explore the stocks most correlated and inversely correlated with GABF below, along with its price, financials, and company profile.

Stocks correlated with GABF

Correlation of daily returns. Higher positive values move with GABF; negative values move opposite it. Informational only, not investment advice.

Most correlated with GABF

Symbol	Company	Correlation
VFH	Vanguard Financials ETF	0.90
FNCL	Fidelity MSCI Financials Index ETF	0.90
RSPF	Invesco S&P 500 Equal Weight Financials ETF	0.90
IYF	iShares U.S. Financials ETF	0.90
TFNS	T. Rowe Price Financials ETF	0.90

Most inversely correlated with GABF

Symbol	Company	Correlation
FAZ	Direxion Daily Financial Bear 3x ETF	-0.88
SKF	ProShares UltraShort Financials	-0.88
SEF	ProShares Short Financials	-0.87
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.78
SDOW	ProShares UltraPro Short Dow 30	-0.75

Frequently asked questions about GABF correlations

Which stocks are most correlated with GABF?: Based on one year of daily returns, the stocks most correlated with Gabelli Financial Services Opportunities ETF (GABF) are VFH (0.90), FNCL (0.90) and RSPF (0.90). 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 GABF?: Over the past year, the stocks most inversely correlated with Gabelli Financial Services Opportunities ETF (GABF) are FAZ (-0.88), SKF (-0.88) and SEF (-0.87). 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 GABF correlations calculated?: We compute the correlation of daily returns between GABF 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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