iShares Global Comm Services ETF (IXP) — Stock Correlations & Overview
Over the past year, IXP has moved most closely with VOX, FCOM, GXPC. Explore the stocks most correlated and inversely correlated with IXP below, along with its price, financials, and company profile.
Stocks correlated with IXP
Correlation of daily returns. Higher positive values move with IXP; negative values move opposite it. Informational only, not investment advice.
Most correlated with IXP
| Symbol | Company | Correlation |
|---|---|---|
| VOX | Vanguard Communication Services ETF | 0.93 |
| FCOM | Fidelity MSCI Communication Services Index ETF | 0.93 |
| GXPC | Global X PureCap MSCI Communication Services ETF | 0.90 |
| XLC | State Street Communication Services Select Sector SPDR ETF | 0.89 |
| LTL | ProShares Ultra Communication Services | 0.89 |
Most inversely correlated with IXP
| Symbol | Company | Correlation |
|---|---|---|
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.76 |
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.74 |
| METD | Direxion Shares ETF Trust Direxion Daily META Bear 1X ETF | -0.69 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.69 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.68 |
Frequently asked questions about IXP correlations
- Which stocks are most correlated with IXP?
- Based on one year of daily returns, the stocks most correlated with iShares Global Comm Services ETF (IXP) are VOX (0.93), FCOM (0.93) and GXPC (0.90). 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 IXP?
- Over the past year, the stocks most inversely correlated with iShares Global Comm Services ETF (IXP) are QQQD (-0.76), GGLS (-0.74) and METD (-0.69). 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 IXP correlations calculated?
- We compute the correlation of daily returns between IXP 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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