BlackRock ETF Trust iShares Defense Industrials and Tech Active ETF (IDEF) — Stock Correlations & Overview
Over the past year, IDEF has moved most closely with WDGF, PPA, SHLD. Explore the stocks most correlated and inversely correlated with IDEF below, along with its price, financials, and company profile.
Stocks correlated with IDEF
Correlation of daily returns. Higher positive values move with IDEF; negative values move opposite it. Informational only, not investment advice.
Most correlated with IDEF
| Symbol | Company | Correlation |
|---|---|---|
| WDGF | WisdomTree Global Defense Fund | 0.95 |
| PPA | Invesco Aerospace & Defense ETF | 0.91 |
| SHLD | Global X Defense Tech ETF | 0.91 |
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 0.91 |
| MISL | First Trust Indxx Aerospace & Defense ETF | 0.91 |
Most inversely correlated with IDEF
| Symbol | Company | Correlation |
|---|---|---|
| SIJ | ProShares UltraShort Industrials | -0.69 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.68 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.68 |
| TWM | ProShares UltraShort Russell2000 | -0.67 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.67 |
Frequently asked questions about IDEF correlations
- Which stocks are most correlated with IDEF?
- Based on one year of daily returns, the stocks most correlated with BlackRock ETF Trust iShares Defense Industrials and Tech Active ETF (IDEF) are WDGF (0.95), PPA (0.91) and SHLD (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 IDEF?
- Over the past year, the stocks most inversely correlated with BlackRock ETF Trust iShares Defense Industrials and Tech Active ETF (IDEF) are SIJ (-0.69), SARK (-0.68) and SRTY (-0.68). 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 IDEF correlations calculated?
- We compute the correlation of daily returns between IDEF 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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