Which stocks are most correlated with HDGE?

Based on one year of daily returns, the stocks most correlated with AdvisorShares Ranger Equity Bear ETF (HDGE) are DWSH (0.88), FLYD (0.67) and CARD (0.63). 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 HDGE?

Over the past year, the stocks most inversely correlated with AdvisorShares Ranger Equity Bear ETF (HDGE) are CALF (-0.84), FCFY (-0.84) and SFLO (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

AdvisorShares Ranger Equity Bear ETF (HDGE) — Stock Correlations & Overview

Over the past year, HDGE has moved most closely with DWSH, FLYD, CARD. Explore the stocks most correlated and inversely correlated with HDGE below, along with its price, financials, and company profile.

Stocks correlated with HDGE

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

Most correlated with HDGE

Symbol	Company	Correlation
DWSH	AdvisorShares Dorsey Wright Short ETF	0.88
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	0.67
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	0.63
SDD	ProShares UltraShort SmallCap600	0.63
SEF	ProShares Short Financials	0.63

Most inversely correlated with HDGE

Symbol	Company	Correlation
CALF	Pacer US Small Cap Cash Cows ETF	-0.84
FCFY	First Trust S&P 500 Diversified Free Cash Flow ETF	-0.84
SFLO	VictoryShares Small Cap Free Cash Flow ETF	-0.83
VFVA	Vanguard U.S. Value Factor ETF	-0.83
DSMC	Distillate Small/Mid Cash Flow ETF	-0.82

Frequently asked questions about HDGE correlations

Which stocks are most correlated with HDGE?: Based on one year of daily returns, the stocks most correlated with AdvisorShares Ranger Equity Bear ETF (HDGE) are DWSH (0.88), FLYD (0.67) and CARD (0.63). 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 HDGE?: Over the past year, the stocks most inversely correlated with AdvisorShares Ranger Equity Bear ETF (HDGE) are CALF (-0.84), FCFY (-0.84) and SFLO (-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 HDGE correlations calculated?: We compute the correlation of daily returns between HDGE 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.