Which stocks are most correlated with KHPI?

Based on one year of daily returns, the stocks most correlated with Kensington Hedged Premium Income ETF (KHPI) are PBUS (0.83), NTSX (0.83) and SPYX (0.83). 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 KHPI?

Over the past year, the stocks most inversely correlated with Kensington Hedged Premium Income ETF (KHPI) are SPXS (-0.83), SPXU (-0.83) and SDS (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

Kensington Hedged Premium Income ETF (KHPI) — Stock Correlations & Overview

Over the past year, KHPI has moved most closely with PBUS, NTSX, SPYX. Explore the stocks most correlated and inversely correlated with KHPI below, along with its price, financials, and company profile.

Stocks correlated with KHPI

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

Most correlated with KHPI

Symbol	Company	Correlation
PBUS	Invesco MSCI USA ETFINVESTMENT ADVICE	0.83
NTSX	WisdomTree U.S. Efficient Core Fund	0.83
SPYX	State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.83
SPYU	MAX S&P 500 4x Leveraged ETN	0.83
SPTM	State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF	0.83

Most inversely correlated with KHPI

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.83
SPXU	ProShares UltraPro Short S&P 500	-0.83
SDS	ProShares UltraShort S&P500	-0.82
SH	ProShares Short S&P500	-0.82
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.81

Frequently asked questions about KHPI correlations

Which stocks are most correlated with KHPI?: Based on one year of daily returns, the stocks most correlated with Kensington Hedged Premium Income ETF (KHPI) are PBUS (0.83), NTSX (0.83) and SPYX (0.83). 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 KHPI?: Over the past year, the stocks most inversely correlated with Kensington Hedged Premium Income ETF (KHPI) are SPXS (-0.83), SPXU (-0.83) and SDS (-0.82). 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 KHPI correlations calculated?: We compute the correlation of daily returns between KHPI 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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