Which stocks are most correlated with KROP?

Based on one year of daily returns, the stocks most correlated with Global X AgTech & Food Innovation ETF (KROP) are VEGI (0.83), FTAG (0.81) and MOO (0.80). 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 KROP?

Over the past year, the stocks most inversely correlated with Global X AgTech & Food Innovation ETF (KROP) are SMN (-0.62), MYY (-0.48) and EWV (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

Global X AgTech & Food Innovation ETF (KROP) — Stock Correlations & Overview

Over the past year, KROP has moved most closely with VEGI, FTAG, MOO. Explore the stocks most correlated and inversely correlated with KROP below, along with its price, financials, and company profile.

Stocks correlated with KROP

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

Most correlated with KROP

Symbol	Company	Correlation
VEGI	iShares MSCI Agriculture Producers ETF	0.83
FTAG	First Trust Exchange-Traded Fund II First Trust Indxx Global Agriculture ETF	0.81
MOO	VanEck Agribusiness ETF	0.80
RSPM	Invesco S&P 500 Equal Weight Materials ETF	0.66
DE	Deere & CompanyFARM MACHINERY & EQUIPMENT	0.64

Most inversely correlated with KROP

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.62
MYY	ProShares Short MidCap400	-0.48
EWV	ProShares Trust UltraShort MSCI Japan	-0.47
MZZ	ProShares UltraShort MidCap400	-0.47
SBB	ProShares Short SmallCap600	-0.47

Frequently asked questions about KROP correlations

Which stocks are most correlated with KROP?: Based on one year of daily returns, the stocks most correlated with Global X AgTech & Food Innovation ETF (KROP) are VEGI (0.83), FTAG (0.81) and MOO (0.80). 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 KROP?: Over the past year, the stocks most inversely correlated with Global X AgTech & Food Innovation ETF (KROP) are SMN (-0.62), MYY (-0.48) and EWV (-0.47). 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 KROP correlations calculated?: We compute the correlation of daily returns between KROP 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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