iShares Expanded Tech-Software Sector ETF (IGV) — Stock Correlations & Overview
Over the past year, IGV has moved most closely with CLOD, XSW, DAT. Explore the stocks most correlated and inversely correlated with IGV below, along with its price, financials, and company profile.
Stocks correlated with IGV
Correlation of daily returns. Higher positive values move with IGV; negative values move opposite it. Informational only, not investment advice.
Most correlated with IGV
| Symbol | Company | Correlation |
|---|---|---|
| CLOD | Themes Cloud Computing ETF | 0.97 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.92 |
| DAT | ProShares Big Data Refiners ETF | 0.92 |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 0.92 |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.91 |
Most inversely correlated with IGV
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.79 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.72 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.66 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.63 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.63 |
Frequently asked questions about IGV correlations
- Which stocks are most correlated with IGV?
- Based on one year of daily returns, the stocks most correlated with iShares Expanded Tech-Software Sector ETF (IGV) are CLOD (0.97), XSW (0.92) and DAT (0.92). 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 IGV?
- Over the past year, the stocks most inversely correlated with iShares Expanded Tech-Software Sector ETF (IGV) are WEBS (-0.79), PALD (-0.72) and PLTD (-0.66). 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 IGV correlations calculated?
- We compute the correlation of daily returns between IGV 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.