Which stocks are most correlated with KRBN?

Based on one year of daily returns, the stocks most correlated with KraneShares Global Carbon Strategy ETF (KRBN) are GRN (0.90), WDTE (0.36) and SIXZ (0.36). 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 KRBN?

Over the past year, the stocks most inversely correlated with KraneShares Global Carbon Strategy ETF (KRBN) are BTAL (-0.32), SPDN (-0.32) and SPXS (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

KraneShares Global Carbon Strategy ETF (KRBN) — Stock Correlations & Overview

Over the past year, KRBN has moved most closely with GRN, WDTE, SIXZ. Explore the stocks most correlated and inversely correlated with KRBN below, along with its price, financials, and company profile.

Stocks correlated with KRBN

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

Most correlated with KRBN

Symbol	Company	Correlation
GRN	iPath Series B Carbon Exchange-Traded Notes	0.90
WDTE	Defiance S&P 500 Weekly Distribution ETF	0.36
SIXZ	AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF	0.36
SPBX	AllianzIM 6 Month Buffer10 Allocation ETF	0.36
NOVP	PGIM S&P 500 Buffer 12 ETF - November	0.35

Most inversely correlated with KRBN

Symbol	Company	Correlation
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.32
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.32
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.32
SPXU	ProShares UltraPro Short S&P 500	-0.32
SH	ProShares Short S&P500	-0.31

Frequently asked questions about KRBN correlations

Which stocks are most correlated with KRBN?: Based on one year of daily returns, the stocks most correlated with KraneShares Global Carbon Strategy ETF (KRBN) are GRN (0.90), WDTE (0.36) and SIXZ (0.36). 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 KRBN?: Over the past year, the stocks most inversely correlated with KraneShares Global Carbon Strategy ETF (KRBN) are BTAL (-0.32), SPDN (-0.32) and SPXS (-0.32). 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 KRBN correlations calculated?: We compute the correlation of daily returns between KRBN 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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