Which stocks are most correlated with KARS?

Based on one year of daily returns, the stocks most correlated with KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) are IDRV (0.89), BATT (0.88) and LIT (0.88). 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 KARS?

Over the past year, the stocks most inversely correlated with KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) are EUM (-0.78), EDZ (-0.77) and EEV (-0.77). A negative correlation means the two stocks have tended to move in opposite directions.

KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) — Stock Correlations & Overview

Over the past year, KARS has moved most closely with IDRV, BATT, LIT. Explore the stocks most correlated and inversely correlated with KARS below, along with its price, financials, and company profile.

Stocks correlated with KARS

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

Most correlated with KARS

Symbol	Company	Correlation
IDRV	iShares Self-Driving EV and Tech ETF	0.89
BATT	Amplify Lithium & Battery Technology ETF	0.88
LIT	Global X Lithium & Battery Tech ETF	0.88
DRIV	Global X Autonomous & Electric Vehicles ETF	0.85
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	0.83

Most inversely correlated with KARS

Symbol	Company	Correlation
EUM	ProShares Trust Short MSCI Emerging Markets	-0.78
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.77
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.77
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.70
QID	ProShares UltraShort QQQ	-0.69

Frequently asked questions about KARS correlations

Which stocks are most correlated with KARS?: Based on one year of daily returns, the stocks most correlated with KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) are IDRV (0.89), BATT (0.88) and LIT (0.88). 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 KARS?: Over the past year, the stocks most inversely correlated with KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) are EUM (-0.78), EDZ (-0.77) and EEV (-0.77). 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 KARS correlations calculated?: We compute the correlation of daily returns between KARS 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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