Which stocks are most correlated with KBWP?

Based on one year of daily returns, the stocks most correlated with Invesco KBW Property & Casualty Insurance ETF (KBWP) are IAK (0.94), KIE (0.92) and ACGL (0.82). 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 KBWP?

Over the past year, the stocks most inversely correlated with Invesco KBW Property & Casualty Insurance ETF (KBWP) are CHAT (-0.50), EGGY (-0.50) and BAI (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco KBW Property & Casualty Insurance ETF (KBWP) — Stock Correlations & Overview

Over the past year, KBWP has moved most closely with IAK, KIE, ACGL. Explore the stocks most correlated and inversely correlated with KBWP below, along with its price, financials, and company profile.

Stocks correlated with KBWP

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

Most correlated with KBWP

Symbol	Company	Correlation
IAK	iShares U.S. Insurance ETF	0.94
KIE	State Street SPDR S&P Insurance ETF	0.92
ACGL	Arch Capital Group LtdFIRE, MARINE & CASUALTY INSURANCE	0.82
CB	Chubb LimitedFIRE, MARINE & CASUALTY INSURANCE	0.82
HIG	The Hartford Insurance Group, Inc.FIRE, MARINE & CASUALTY INSURANCE	0.81

Most inversely correlated with KBWP

Symbol	Company	Correlation
CHAT	Roundhill Generative AI & Technology ETF	-0.50
EGGY	NestYield Dynamic Income ETF	-0.50
BAI	iShares A.I. Innovation and Tech Active ETF	-0.49
TSXU	Direxion Daily Semiconductors Top 5 Bull 2X ETF	-0.48
USD	ProShares Ultra Semiconductors	-0.48

Frequently asked questions about KBWP correlations

Which stocks are most correlated with KBWP?: Based on one year of daily returns, the stocks most correlated with Invesco KBW Property & Casualty Insurance ETF (KBWP) are IAK (0.94), KIE (0.92) and ACGL (0.82). 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 KBWP?: Over the past year, the stocks most inversely correlated with Invesco KBW Property & Casualty Insurance ETF (KBWP) are CHAT (-0.50), EGGY (-0.50) and BAI (-0.49). 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 KBWP correlations calculated?: We compute the correlation of daily returns between KBWP 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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