Global X PureCap MSCI Communication Services ETF (GXPC) — Stock Correlations & Overview
Over the past year, GXPC has moved most closely with VOX, FCOM, IXP. Explore the stocks most correlated and inversely correlated with GXPC below, along with its price, financials, and company profile.
Stocks correlated with GXPC
Correlation of daily returns. Higher positive values move with GXPC; negative values move opposite it. Informational only, not investment advice.
Most correlated with GXPC
| Symbol | Company | Correlation |
|---|---|---|
| VOX | Vanguard Communication Services ETF | 0.92 |
| FCOM | Fidelity MSCI Communication Services Index ETF | 0.92 |
| IXP | iShares Global Comm Services ETF | 0.90 |
| GGLL | Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF | 0.90 |
| GOOGL | Alphabet Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.90 |
Most inversely correlated with GXPC
| Symbol | Company | Correlation |
|---|---|---|
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.89 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.77 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.67 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.67 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.66 |
Frequently asked questions about GXPC correlations
- Which stocks are most correlated with GXPC?
- Based on one year of daily returns, the stocks most correlated with Global X PureCap MSCI Communication Services ETF (GXPC) are VOX (0.92), FCOM (0.92) and IXP (0.90). 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 GXPC?
- Over the past year, the stocks most inversely correlated with Global X PureCap MSCI Communication Services ETF (GXPC) are GGLS (-0.89), QQQD (-0.77) and WEBS (-0.67). 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 GXPC correlations calculated?
- We compute the correlation of daily returns between GXPC 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.