Which stocks are most correlated with MILN?

Based on one year of daily returns, the stocks most correlated with Global X Funds Global X Millennial Consumer ETF (MILN) are IBUY (0.92), EBIZ (0.90) and BUYZ (0.88). 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 MILN?

Over the past year, the stocks most inversely correlated with Global X Funds Global X Millennial Consumer ETF (MILN) are FLYD (-0.82), SCC (-0.77) and HDGE (-0.77). A negative correlation means the two stocks have tended to move in opposite directions.

Global X Funds Global X Millennial Consumer ETF (MILN) — Stock Correlations & Overview

Over the past year, MILN has moved most closely with IBUY, EBIZ, BUYZ. Explore the stocks most correlated and inversely correlated with MILN below, along with its price, financials, and company profile.

Stocks correlated with MILN

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

Most correlated with MILN

Symbol	Company	Correlation
IBUY	Amplify Online Retail ETF	0.92
EBIZ	Global X E-commerce ETF	0.90
BUYZ	Franklin Disruptive Commerce ETF	0.88
PNQI	Invesco NASDAQ Internet ETF	0.88
IYC	iShares U.S. Consumer Discretionary ETF	0.87

Most inversely correlated with MILN

Symbol	Company	Correlation
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.82
SCC	ProShares UltraShort Consumer Discretionary	-0.77
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.77
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.75
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.71

Frequently asked questions about MILN correlations

Which stocks are most correlated with MILN?: Based on one year of daily returns, the stocks most correlated with Global X Funds Global X Millennial Consumer ETF (MILN) are IBUY (0.92), EBIZ (0.90) and BUYZ (0.88). 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 MILN?: Over the past year, the stocks most inversely correlated with Global X Funds Global X Millennial Consumer ETF (MILN) are FLYD (-0.82), SCC (-0.77) and HDGE (-0.77). 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 MILN correlations calculated?: We compute the correlation of daily returns between MILN 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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