Which stocks are most correlated with IOO?

Based on one year of daily returns, the stocks most correlated with iShares Global 100 ETF (IOO) are OEF (0.97), IWL (0.96) and MGC (0.96). 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 IOO?

Over the past year, the stocks most inversely correlated with iShares Global 100 ETF (IOO) are SPXS (-0.95), SPXU (-0.95) and SDS (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.

iShares Global 100 ETF (IOO) — Stock Correlations & Overview

Over the past year, IOO has moved most closely with OEF, IWL, MGC. Explore the stocks most correlated and inversely correlated with IOO below, along with its price, financials, and company profile.

Stocks correlated with IOO

Correlation of daily returns. Higher positive values move with IOO; negative values move opposite it. Informational only, not investment advice.

Most correlated with IOO

Symbol	Company	Correlation
OEF	iShares S&P 100 ETF	0.97
IWL	iShares Russell Top 200 ETF	0.96
MGC	Vanguard Morningstar Mega Cap ETF	0.96
BLUC	Bluemonte Large Cap Core ETF	0.96
AAUS	Alpha Architect US Equity ETF	0.95

Most inversely correlated with IOO

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.95
SPXU	ProShares UltraPro Short S&P 500	-0.95
SDS	ProShares UltraShort S&P500	-0.94
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.94
SH	ProShares Short S&P500	-0.94

Frequently asked questions about IOO correlations

Which stocks are most correlated with IOO?: Based on one year of daily returns, the stocks most correlated with iShares Global 100 ETF (IOO) are OEF (0.97), IWL (0.96) and MGC (0.96). 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 IOO?: Over the past year, the stocks most inversely correlated with iShares Global 100 ETF (IOO) are SPXS (-0.95), SPXU (-0.95) and SDS (-0.94). 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 IOO correlations calculated?: We compute the correlation of daily returns between IOO 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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