Which stocks are most correlated with GRPM?

Based on one year of daily returns, the stocks most correlated with Invesco S&P MidCap 400 GARP ETF (GRPM) are QSML (0.89), ISCV (0.89) and QMID (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 GRPM?

Over the past year, the stocks most inversely correlated with Invesco S&P MidCap 400 GARP ETF (GRPM) are SDD (-0.83), SBB (-0.82) and SMDD (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco S&P MidCap 400 GARP ETF (GRPM) — Stock Correlations & Overview

Over the past year, GRPM has moved most closely with QSML, ISCV, QMID. Explore the stocks most correlated and inversely correlated with GRPM below, along with its price, financials, and company profile.

Stocks correlated with GRPM

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

Most correlated with GRPM

Symbol	Company	Correlation
QSML	WisdomTree U.S. SmallCap Quality Growth Fund	0.89
ISCV	iShares Morningstar Small-Cap Value ETF	0.89
QMID	WisdomTree U.S. MidCap Quality Growth Fund	0.88
FSGS	First Trust Exchange-Traded Fund VI First Trust SMID Growth Strength ETF	0.88
ABCS	Alpha Blue Capital US Small-Mid Cap Dynamic ETF	0.87

Most inversely correlated with GRPM

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.83
SBB	ProShares Short SmallCap600	-0.82
SMDD	ProShares UltraPro Short MidCap400	-0.82
MZZ	ProShares UltraShort MidCap400	-0.82
MYY	ProShares Short MidCap400	-0.82

Frequently asked questions about GRPM correlations

Which stocks are most correlated with GRPM?: Based on one year of daily returns, the stocks most correlated with Invesco S&P MidCap 400 GARP ETF (GRPM) are QSML (0.89), ISCV (0.89) and QMID (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 GRPM?: Over the past year, the stocks most inversely correlated with Invesco S&P MidCap 400 GARP ETF (GRPM) are SDD (-0.83), SBB (-0.82) and SMDD (-0.82). 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 GRPM correlations calculated?: We compute the correlation of daily returns between GRPM 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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