YieldMax GME Option Income Strategy ETF (GMEY) — Stock Correlations & Overview
Over the past year, GMEY has moved most closely with GME, GMEU, GME.WS. Explore the stocks most correlated and inversely correlated with GMEY below, along with its price, financials, and company profile.
Stocks correlated with GMEY
Correlation of daily returns. Higher positive values move with GMEY; negative values move opposite it. Informational only, not investment advice.
Most correlated with GMEY
| Symbol | Company | Correlation |
|---|---|---|
| GME | GameStop Corp. Class ARETAIL-COMPUTER & COMPUTER SOFTWARE STORES | 0.89 |
| GMEU | T-REX 2X Long GME Daily Target ETF | 0.88 |
| GME.WS | GameStop Corp. Warrants to Purchase Common StockRETAIL-COMPUTER & COMPUTER SOFTWARE STORES | 0.55 |
| JPMpL | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS | 0.35 |
| JPMpK | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJNATIONAL COMMERCIAL BANKS | 0.34 |
Most inversely correlated with GMEY
| Symbol | Company | Correlation |
|---|---|---|
| EFZ | ProShares Trust Short MSCI EAFE | -0.28 |
| HYFM | Hydrofarm Holdings Group, Inc. Common StockWHOLESALE-MISCELLANEOUS NONDURABLE GOODS | -0.28 |
| SJB | ProShares Short High Yield | -0.26 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.26 |
| EPV | ProShares UltraShort FTSE Europe | -0.25 |
Frequently asked questions about GMEY correlations
- Which stocks are most correlated with GMEY?
- Based on one year of daily returns, the stocks most correlated with YieldMax GME Option Income Strategy ETF (GMEY) are GME (0.89), GMEU (0.88) and GME.WS (0.55). 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 GMEY?
- Over the past year, the stocks most inversely correlated with YieldMax GME Option Income Strategy ETF (GMEY) are EFZ (-0.28), HYFM (-0.28) and SJB (-0.26). 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 GMEY correlations calculated?
- We compute the correlation of daily returns between GMEY 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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