iShares Cybersecurity and Tech ETF (IHAK) — Stock Correlations & Overview
Over the past year, IHAK has moved most closely with BUG, PSWD, HACK. Explore the stocks most correlated and inversely correlated with IHAK below, along with its price, financials, and company profile.
Stocks correlated with IHAK
Correlation of daily returns. Higher positive values move with IHAK; negative values move opposite it. Informational only, not investment advice.
Most correlated with IHAK
| Symbol | Company | Correlation |
|---|---|---|
| BUG | Global X Cybersecurity ETF | 0.95 |
| PSWD | Xtrackers Cybersecurity Select Equity ETF | 0.94 |
| HACK | Amplify Cybersecurity ETF | 0.94 |
| WCBR | WisdomTree Cybersecurity Fund | 0.93 |
| SPAM | Themes Cybersecurity ETF | 0.93 |
Most inversely correlated with IHAK
| Symbol | Company | Correlation |
|---|---|---|
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.77 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.68 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.55 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.52 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.51 |
Frequently asked questions about IHAK correlations
- Which stocks are most correlated with IHAK?
- Based on one year of daily returns, the stocks most correlated with iShares Cybersecurity and Tech ETF (IHAK) are BUG (0.95), PSWD (0.94) and HACK (0.94). 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 IHAK?
- Over the past year, the stocks most inversely correlated with iShares Cybersecurity and Tech ETF (IHAK) are PALD (-0.77), WEBS (-0.68) and HDGE (-0.55). 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 IHAK correlations calculated?
- We compute the correlation of daily returns between IHAK 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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