Which stocks are most correlated with GNOM?

Based on one year of daily returns, the stocks most correlated with Global X Genomics & Biotechnology ETF (GNOM) are WDNA (0.92), IDNA (0.89) and HELX (0.88). 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 GNOM?

Over the past year, the stocks most inversely correlated with Global X Genomics & Biotechnology ETF (GNOM) are BIS (-0.85), LABD (-0.84) and SARK (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

Global X Genomics & Biotechnology ETF (GNOM) — Stock Correlations & Overview

Over the past year, GNOM has moved most closely with WDNA, IDNA, HELX. Explore the stocks most correlated and inversely correlated with GNOM below, along with its price, financials, and company profile.

Stocks correlated with GNOM

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

Most correlated with GNOM

Symbol	Company	Correlation
WDNA	WisdomTree BioRevolution Fund	0.92
IDNA	iShares Genomics Immunology and Healthcare ETF	0.89
HELX	Franklin Genomic Advancements ETF	0.88
ARKG	ARK Genomic Revolution ETF	0.86
IBB	iShares Biotechnology ETF	0.86

Most inversely correlated with GNOM

Symbol	Company	Correlation
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.85
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.84
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.69
TWM	ProShares UltraShort Russell2000	-0.60
RWM	ProShares Short Russell2000	-0.60

Frequently asked questions about GNOM correlations

Which stocks are most correlated with GNOM?: Based on one year of daily returns, the stocks most correlated with Global X Genomics & Biotechnology ETF (GNOM) are WDNA (0.92), IDNA (0.89) and HELX (0.88). 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 GNOM?: Over the past year, the stocks most inversely correlated with Global X Genomics & Biotechnology ETF (GNOM) are BIS (-0.85), LABD (-0.84) and SARK (-0.69). 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 GNOM correlations calculated?: We compute the correlation of daily returns between GNOM 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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