Goldman Sachs Small Cap Equity ETF (GSC) — Stock Correlations & Overview
Over the past year, GSC has moved most closely with RUSC, ESML, JMEE. Explore the stocks most correlated and inversely correlated with GSC below, along with its price, financials, and company profile.
Stocks correlated with GSC
Correlation of daily returns. Higher positive values move with GSC; negative values move opposite it. Informational only, not investment advice.
Most correlated with GSC
| Symbol | Company | Correlation |
|---|---|---|
| RUSC | Russell Investments Exchange Traded Funds Russell Investments U.S. Small Cap Equity ETF | 0.96 |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 0.96 |
| JMEE | JPMorgan Small & Mid Cap Enhanced Equity ETF | 0.96 |
| SMMD | iShares Russell 2500 ETF | 0.95 |
| SCDS | JPMorgan Fundamental Data Science Small Core ETF | 0.95 |
Frequently asked questions about GSC correlations
- Which stocks are most correlated with GSC?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs Small Cap Equity ETF (GSC) are RUSC (0.96), ESML (0.96) and JMEE (0.96). 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 GSC?
- Over the past year, the stocks most inversely correlated with Goldman Sachs Small Cap Equity ETF (GSC) are SMDD (-0.95), MZZ (-0.95) and TZA (-0.94). 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 GSC correlations calculated?
- We compute the correlation of daily returns between GSC 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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