Which stocks are most correlated with KCE?

Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Capital Markets ETF (KCE) are IAI (0.89), GABF (0.89) and GPZ (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 KCE?

Over the past year, the stocks most inversely correlated with State Street SPDR S&P Capital Markets ETF (KCE) are FAZ (-0.80), SKF (-0.79) and SEF (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR S&P Capital Markets ETF (KCE) — Stock Correlations & Overview

Over the past year, KCE has moved most closely with IAI, GABF, GPZ. Explore the stocks most correlated and inversely correlated with KCE below, along with its price, financials, and company profile.

Stocks correlated with KCE

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

Most correlated with KCE

Symbol	Company	Correlation
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	0.89
GABF	Gabelli Financial Services Opportunities ETF	0.89
GPZ	VanEck Alternative Asset Manager ETF	0.88
FDFF	Fidelity Disruptive Finance ETF	0.87
PFI	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Financial Momentum ETF	0.85

Most inversely correlated with KCE

Symbol	Company	Correlation
FAZ	Direxion Daily Financial Bear 3x ETF	-0.80
SKF	ProShares UltraShort Financials	-0.79
SEF	ProShares Short Financials	-0.78
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.73
SDOW	ProShares UltraPro Short Dow 30	-0.72

Frequently asked questions about KCE correlations

Which stocks are most correlated with KCE?: Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Capital Markets ETF (KCE) are IAI (0.89), GABF (0.89) and GPZ (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 KCE?: Over the past year, the stocks most inversely correlated with State Street SPDR S&P Capital Markets ETF (KCE) are FAZ (-0.80), SKF (-0.79) and SEF (-0.78). 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 KCE correlations calculated?: We compute the correlation of daily returns between KCE 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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