Alpha Architect High Inflation and Deflation ETF (HIDE) — Stock Correlations & Overview
Over the past year, HIDE has moved most closely with DJP, DCMT, RLY. Explore the stocks most correlated and inversely correlated with HIDE below, along with its price, financials, and company profile.
Stocks correlated with HIDE
Correlation of daily returns. Higher positive values move with HIDE; negative values move opposite it. Informational only, not investment advice.
Most correlated with HIDE
| Symbol | Company | Correlation |
|---|---|---|
| DJP | iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036 | 0.58 |
| DCMT | DoubleLine Commodity Strategy ETF | 0.56 |
| RLY | State Street Multi-Asset Real Return ETF | 0.54 |
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 0.54 |
| COMB | GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 0.54 |
Most inversely correlated with HIDE
| Symbol | Company | Correlation |
|---|---|---|
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.41 |
| SRS | ProShares UltraShort Real Estate | -0.40 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.40 |
| DRV | Direxion Daily Real Estate Bear 3X ETF | -0.39 |
| REK | ProShares Short Real Estate | -0.38 |
Frequently asked questions about HIDE correlations
- Which stocks are most correlated with HIDE?
- Based on one year of daily returns, the stocks most correlated with Alpha Architect High Inflation and Deflation ETF (HIDE) are DJP (0.58), DCMT (0.56) and RLY (0.54). 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 HIDE?
- Over the past year, the stocks most inversely correlated with Alpha Architect High Inflation and Deflation ETF (HIDE) are GLL (-0.41), SRS (-0.40) and DULL (-0.40). 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 HIDE correlations calculated?
- We compute the correlation of daily returns between HIDE 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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