Leverage Shares 2X Long GLXY Daily ETF (GLGG) — Stock Correlations & Overview
Over the past year, GLGG has moved most closely with GLXY, GLXU, BLOK. Explore the stocks most correlated and inversely correlated with GLGG below, along with its price, financials, and company profile.
Stocks correlated with GLGG
Correlation of daily returns. Higher positive values move with GLGG; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLGG
| Symbol | Company | Correlation |
|---|---|---|
| GLXY | Galaxy Digital Inc. Class A Common StockSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 1.00 |
| GLXU | T-REX 2X Long GLXY Daily Target ETF | 1.00 |
| BLOK | Amplify Blockchain Technology ETF | 0.83 |
| BLOX | Nicholas Crypto Income ETF | 0.83 |
| DAPP | VanEck Digital Transformation ETF | 0.82 |
Most inversely correlated with GLGG
| Symbol | Company | Correlation |
|---|---|---|
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.66 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.66 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.66 |
| BITI | ProShares Short Bitcoin ETF | -0.64 |
| ETHD | ProShares UltraShort Ether ETF | -0.63 |
Frequently asked questions about GLGG correlations
- Which stocks are most correlated with GLGG?
- Based on one year of daily returns, the stocks most correlated with Leverage Shares 2X Long GLXY Daily ETF (GLGG) are GLXY (1.00), GLXU (1.00) and BLOK (0.83). 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 GLGG?
- Over the past year, the stocks most inversely correlated with Leverage Shares 2X Long GLXY Daily ETF (GLGG) are BTCZ (-0.66), SARK (-0.66) and SBIT (-0.66). 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 GLGG correlations calculated?
- We compute the correlation of daily returns between GLGG 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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