Which stocks are most correlated with HE?

Based on one year of daily returns, the stocks most correlated with Hawaiian Electric Industries, Inc. (HE) are CSB (0.46), SMDV (0.45) and REGL (0.44). 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 HE?

Over the past year, the stocks most inversely correlated with Hawaiian Electric Industries, Inc. (HE) are SKRE (-0.36), SDP (-0.35) and SDD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Hawaiian Electric Industries, Inc. (HE) — Stock Correlations & Overview

Over the past year, HE has moved most closely with CSB, SMDV, REGL. Explore the stocks most correlated and inversely correlated with HE below, along with its price, financials, and company profile.

Stocks correlated with HE

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

Most correlated with HE

Symbol	Company	Correlation
CSB	VictoryShares US Small Cap High Div Volatility Wtd ETF	0.46
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.45
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	0.44
XSHD	Invesco S&P SmallCap High Dividend Low Volatility ETFINVESTMENT ADVICE	0.44
SNPD	Xtrackers S&P Dividend Aristocrats Screened ETF	0.42

Most inversely correlated with HE

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.36
SDP	ProShares UltraShort Utilities	-0.35
SDD	ProShares UltraShort SmallCap600	-0.34
SBB	ProShares Short SmallCap600	-0.34
SRS	ProShares UltraShort Real Estate	-0.32

Frequently asked questions about HE correlations

Which stocks are most correlated with HE?: Based on one year of daily returns, the stocks most correlated with Hawaiian Electric Industries, Inc. (HE) are CSB (0.46), SMDV (0.45) and REGL (0.44). 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 HE?: Over the past year, the stocks most inversely correlated with Hawaiian Electric Industries, Inc. (HE) are SKRE (-0.36), SDP (-0.35) and SDD (-0.34). 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 HE correlations calculated?: We compute the correlation of daily returns between HE 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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