Golden Eagle Dynamic Hypergrowth ETF (HYP) — Stock Correlations & Overview
Over the past year, HYP has moved most closely with VFMO, FCUS, FCVT. Explore the stocks most correlated and inversely correlated with HYP below, along with its price, financials, and company profile.
Stocks correlated with HYP
Correlation of daily returns. Higher positive values move with HYP; negative values move opposite it. Informational only, not investment advice.
Most correlated with HYP
| Symbol | Company | Correlation |
|---|---|---|
| VFMO | Vanguard U.S. Momentum Factor ETF | 0.92 |
| FCUS | Pinnacle Focused Opportunities ETF | 0.91 |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 0.91 |
| PTF | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF | 0.90 |
| SPRX | Spear Alpha ETF | 0.90 |
Most inversely correlated with HYP
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.83 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.82 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.80 |
| REW | Proshares UltraShort Technology | -0.80 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.79 |
Frequently asked questions about HYP correlations
- Which stocks are most correlated with HYP?
- Based on one year of daily returns, the stocks most correlated with Golden Eagle Dynamic Hypergrowth ETF (HYP) are VFMO (0.92), FCUS (0.91) and FCVT (0.91). 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 HYP?
- Over the past year, the stocks most inversely correlated with Golden Eagle Dynamic Hypergrowth ETF (HYP) are SOXS (-0.83), HIBS (-0.82) and TECS (-0.80). 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 HYP correlations calculated?
- We compute the correlation of daily returns between HYP 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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