AXS Knowledge Leaders ETF (KNO) — Stock Correlations & Overview
Over the past year, KNO has moved most closely with CGGO, UMMA, BINT. Explore the stocks most correlated and inversely correlated with KNO below, along with its price, financials, and company profile.
Stocks correlated with KNO
Correlation of daily returns. Higher positive values move with KNO; negative values move opposite it. Informational only, not investment advice.
Most correlated with KNO
| Symbol | Company | Correlation |
|---|---|---|
| CGGO | Capital Group Global Growth Equity ETF | 0.90 |
| UMMA | Wahed Dow Jones Islamic World ETF | 0.90 |
| BINT | Bluemonte Global Equity ETF | 0.89 |
| CORO | iShares International Country Rotation Active ETF | 0.89 |
| PATN | Pacer Nasdaq International Patent Leaders ETF | 0.89 |
Most inversely correlated with KNO
| Symbol | Company | Correlation |
|---|---|---|
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.86 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.86 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.85 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.82 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.80 |
Frequently asked questions about KNO correlations
- Which stocks are most correlated with KNO?
- Based on one year of daily returns, the stocks most correlated with AXS Knowledge Leaders ETF (KNO) are CGGO (0.90), UMMA (0.90) and BINT (0.89). 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 KNO?
- Over the past year, the stocks most inversely correlated with AXS Knowledge Leaders ETF (KNO) are EUM (-0.86), EDZ (-0.86) and EEV (-0.85). 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 KNO correlations calculated?
- We compute the correlation of daily returns between KNO 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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