Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) — Stock Correlations & Overview
Over the past year, LITL has moved most closely with GSSC, AVSC, PRFZ. Explore the stocks most correlated and inversely correlated with LITL below, along with its price, financials, and company profile.
Stocks correlated with LITL
Correlation of daily returns. Higher positive values move with LITL; negative values move opposite it. Informational only, not investment advice.
Most correlated with LITL
| Symbol | Company | Correlation |
|---|---|---|
| GSSC | GS ActiveBeta U.S. Small Cap Equity ETF | 0.92 |
| AVSC | Avantis U.S. Small Cap Equity ETF | 0.92 |
| PRFZ | Invesco Exchange-Traded Fund Trust Invesco RAFI US 1500 Small-Mid ETF | 0.92 |
| FYX | First Trust Small Cap Core AlphaDEX Fund | 0.91 |
| AFSM | First Trust Active Factor Small Cap ETF | 0.91 |
Frequently asked questions about LITL correlations
- Which stocks are most correlated with LITL?
- Based on one year of daily returns, the stocks most correlated with Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) are GSSC (0.92), AVSC (0.92) and PRFZ (0.92). 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 LITL?
- Over the past year, the stocks most inversely correlated with Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) are SDD (-0.90), SBB (-0.89) and SRTY (-0.88). 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 LITL correlations calculated?
- We compute the correlation of daily returns between LITL 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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