Which stocks are most correlated with HSY?

Based on one year of daily returns, the stocks most correlated with The Hershey Company (HSY) are FTXG (0.59), IYK (0.59) and RSPS (0.58). 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 HSY?

Over the past year, the stocks most inversely correlated with The Hershey Company (HSY) are SZK (-0.58), RXD (-0.34) and LRNZ (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

The Hershey Company (HSY) — Stock Correlations & Overview

Over the past year, HSY has moved most closely with FTXG, IYK, RSPS. Explore the stocks most correlated and inversely correlated with HSY below, along with its price, financials, and company profile.

Stocks correlated with HSY

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

Most correlated with HSY

Symbol	Company	Correlation
FTXG	First Trust Nasdaq Food & Beverage ETF	0.59
IYK	iShares U.S. Consumer Staples ETF	0.59
RSPS	Invesco S&P 500 Equal Weight Consumer Staples ETF	0.58
XLP	State Street Consumer Staples Select Sector SPDR ETF	0.58
UGE	ProShares Ultra Consumer Staples	0.57

Most inversely correlated with HSY

Symbol	Company	Correlation
SZK	ProShares UltraShort Consumer Staples	-0.58
RXD	ProShares UltraShort Health Care	-0.34
LRNZ	TrueShares Technology, AI & Deep Learning ETF	-0.32
EMTY	ProShares Decline of the Retail Store ETF	-0.32
REK	ProShares Short Real Estate	-0.32

Frequently asked questions about HSY correlations

Which stocks are most correlated with HSY?: Based on one year of daily returns, the stocks most correlated with The Hershey Company (HSY) are FTXG (0.59), IYK (0.59) and RSPS (0.58). 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 HSY?: Over the past year, the stocks most inversely correlated with The Hershey Company (HSY) are SZK (-0.58), RXD (-0.34) and LRNZ (-0.32). 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 HSY correlations calculated?: We compute the correlation of daily returns between HSY 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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