Which stocks are most correlated with GOP?

Based on one year of daily returns, the stocks most correlated with Subversive Congressional Republicans Trading ETF (GOP) are JMOM (0.88), DUKQ (0.88) and FAD (0.87). 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 GOP?

Over the past year, the stocks most inversely correlated with Subversive Congressional Republicans Trading ETF (GOP) are HIBS (-0.85), SDS (-0.83) and SPXU (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

Subversive Congressional Republicans Trading ETF (GOP) — Stock Correlations & Overview

Over the past year, GOP has moved most closely with JMOM, DUKQ, FAD. Explore the stocks most correlated and inversely correlated with GOP below, along with its price, financials, and company profile.

Stocks correlated with GOP

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

Most correlated with GOP

Symbol	Company	Correlation
JMOM	JPMorgan U.S. Momentum Factor ETF	0.88
DUKQ	Ocean Park Domestic ETF	0.88
FAD	First Trust Multi Cap Growth AlphaDEX Fund	0.87
AVLC	Avantis U.S. Large Cap Equity ETF	0.87
EDGU	3EDGE Dynamic US Equity ETF	0.87

Most inversely correlated with GOP

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.85
SDS	ProShares UltraShort S&P500	-0.83
SPXU	ProShares UltraPro Short S&P 500	-0.83
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.83
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.82

Frequently asked questions about GOP correlations

Which stocks are most correlated with GOP?: Based on one year of daily returns, the stocks most correlated with Subversive Congressional Republicans Trading ETF (GOP) are JMOM (0.88), DUKQ (0.88) and FAD (0.87). 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 GOP?: Over the past year, the stocks most inversely correlated with Subversive Congressional Republicans Trading ETF (GOP) are HIBS (-0.85), SDS (-0.83) and SPXU (-0.83). 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 GOP correlations calculated?: We compute the correlation of daily returns between GOP 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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