YieldMax HOOD Option Income Strategy ETF (HOOY) — Stock Correlations & Overview
Over the past year, HOOY has moved most closely with ROBN, HOOD, HOOG. Explore the stocks most correlated and inversely correlated with HOOY below, along with its price, financials, and company profile.
Stocks correlated with HOOY
Correlation of daily returns. Higher positive values move with HOOY; negative values move opposite it. Informational only, not investment advice.
Most correlated with HOOY
| Symbol | Company | Correlation |
|---|---|---|
| ROBN | T-Rex 2X Long HOOD Daily Target ETF | 0.96 |
| HOOD | Robinhood Markets, Inc. Class A Common StockSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.96 |
| HOOG | Leverage Shares 2X Long HOOD Daily ETF | 0.96 |
| HOOX | Defiance Daily Target 2X Long HOOD ETF | 0.96 |
| HOOW | Roundhill HOOD WeeklyPay ETF | 0.95 |
Most inversely correlated with HOOY
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.74 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.71 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.62 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.62 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.61 |
Frequently asked questions about HOOY correlations
- Which stocks are most correlated with HOOY?
- Based on one year of daily returns, the stocks most correlated with YieldMax HOOD Option Income Strategy ETF (HOOY) are ROBN (0.96), HOOD (0.96) and HOOG (0.96). 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 HOOY?
- Over the past year, the stocks most inversely correlated with YieldMax HOOD Option Income Strategy ETF (HOOY) are SARK (-0.74), CONI (-0.71) and FIAT (-0.62). 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 HOOY correlations calculated?
- We compute the correlation of daily returns between HOOY 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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