Which stocks are most correlated with METU?

Based on one year of daily returns, the stocks most correlated with Direxion Shares ETF Trust Direxion Daily META Bull 2X ETF (METU) are FBL (1.00), META (1.00) and METW (0.99). 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 METU?

Over the past year, the stocks most inversely correlated with Direxion Shares ETF Trust Direxion Daily META Bull 2X ETF (METU) are METD (-0.99), QQQD (-0.65) and WEBS (-0.55). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Shares ETF Trust Direxion Daily META Bull 2X ETF (METU) — Stock Correlations & Overview

Over the past year, METU has moved most closely with FBL, META, METW. Explore the stocks most correlated and inversely correlated with METU below, along with its price, financials, and company profile.

Stocks correlated with METU

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

Most correlated with METU

Symbol	Company	Correlation
FBL	GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF	1.00
META	Meta Platforms, Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.	1.00
METW	Roundhill META WeeklyPay ETF	0.99
FBY	YieldMax META Option Income Strategy ETF	0.97
FCOM	Fidelity MSCI Communication Services Index ETF	0.75

Most inversely correlated with METU

Symbol	Company	Correlation
METD	Direxion Shares ETF Trust Direxion Daily META Bear 1X ETF	-0.99
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.65
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.55
SCC	ProShares UltraShort Consumer Discretionary	-0.50
FNGD	MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC	-0.49

Frequently asked questions about METU correlations

Which stocks are most correlated with METU?: Based on one year of daily returns, the stocks most correlated with Direxion Shares ETF Trust Direxion Daily META Bull 2X ETF (METU) are FBL (1.00), META (1.00) and METW (0.99). 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 METU?: Over the past year, the stocks most inversely correlated with Direxion Shares ETF Trust Direxion Daily META Bull 2X ETF (METU) are METD (-0.99), QQQD (-0.65) and WEBS (-0.55). 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 METU correlations calculated?: We compute the correlation of daily returns between METU 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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