Global X Funds Global X HealthTech ETF (HEAL) — Stock Correlations & Overview
Over the past year, HEAL has moved most closely with EKG, XHE, HTEC. Explore the stocks most correlated and inversely correlated with HEAL below, along with its price, financials, and company profile.
Stocks correlated with HEAL
Correlation of daily returns. Higher positive values move with HEAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with HEAL
| Symbol | Company | Correlation |
|---|---|---|
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 0.88 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.78 |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.76 |
| TMFX | Motley Fool Next Index ETF | 0.76 |
| MDEV | First Trust Indxx Medical Devices ETF | 0.75 |
Most inversely correlated with HEAL
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.67 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.65 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.61 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.61 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.60 |
Frequently asked questions about HEAL correlations
- Which stocks are most correlated with HEAL?
- Based on one year of daily returns, the stocks most correlated with Global X Funds Global X HealthTech ETF (HEAL) are EKG (0.88), XHE (0.78) and HTEC (0.76). 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 HEAL?
- Over the past year, the stocks most inversely correlated with Global X Funds Global X HealthTech ETF (HEAL) are HDGE (-0.67), SARK (-0.65) and DWSH (-0.61). 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 HEAL correlations calculated?
- We compute the correlation of daily returns between HEAL 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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