GraniteShares 2x Long INTC Daily ETF (INTW) — Stock Correlations & Overview
Over the past year, INTW has moved most closely with INTC, FTXL, CHPS. Explore the stocks most correlated and inversely correlated with INTW below, along with its price, financials, and company profile.
Stocks correlated with INTW
Correlation of daily returns. Higher positive values move with INTW; negative values move opposite it. Informational only, not investment advice.
Most correlated with INTW
| Symbol | Company | Correlation |
|---|---|---|
| INTC | Intel CorpSEMICONDUCTORS & RELATED DEVICES | 1.00 |
| FTXL | First Trust Nasdaq Semiconductor ETF | 0.77 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.73 |
| SOXX | iShares Semiconductor ETF | 0.73 |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | 0.72 |
Most inversely correlated with INTW
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.73 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.64 |
| REW | Proshares UltraShort Technology | -0.63 |
| SSG | ProShares UltraShort Semiconductors | -0.63 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.63 |
Frequently asked questions about INTW correlations
- Which stocks are most correlated with INTW?
- Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long INTC Daily ETF (INTW) are INTC (1.00), FTXL (0.77) and CHPS (0.73). 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 INTW?
- Over the past year, the stocks most inversely correlated with GraniteShares 2x Long INTC Daily ETF (INTW) are SOXS (-0.73), BERZ (-0.64) and REW (-0.63). 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 INTW correlations calculated?
- We compute the correlation of daily returns between INTW 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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