Which stocks are most correlated with MKAM?

Based on one year of daily returns, the stocks most correlated with MKAM ETF (MKAM) are TSPX (0.96), UXJA (0.96) and FEBU (0.96). 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 MKAM?

Over the past year, the stocks most inversely correlated with MKAM ETF (MKAM) are SPXS (-0.95), SDS (-0.95) and SPXU (-0.95). A negative correlation means the two stocks have tended to move in opposite directions.

MKAM ETF (MKAM) — Stock Correlations & Overview

Over the past year, MKAM has moved most closely with TSPX, UXJA, FEBU. Explore the stocks most correlated and inversely correlated with MKAM below, along with its price, financials, and company profile.

Stocks correlated with MKAM

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

Most correlated with MKAM

Symbol	Company	Correlation
TSPX	Twin Oak Active Opportunities ETF	0.96
UXJA	FT Vest U.S. Equity Uncapped Accelerator ETF - January	0.96
FEBU	AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	0.96
CHRI	Global X S&P 500 Christian Values ETF	0.96
RAUS	RACWI US ETF	0.96

Most inversely correlated with MKAM

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.95
SDS	ProShares UltraShort S&P500	-0.95
SPXU	ProShares UltraPro Short S&P 500	-0.95
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.94
SH	ProShares Short S&P500	-0.94

Frequently asked questions about MKAM correlations

Which stocks are most correlated with MKAM?: Based on one year of daily returns, the stocks most correlated with MKAM ETF (MKAM) are TSPX (0.96), UXJA (0.96) and FEBU (0.96). 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 MKAM?: Over the past year, the stocks most inversely correlated with MKAM ETF (MKAM) are SPXS (-0.95), SDS (-0.95) and SPXU (-0.95). 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 MKAM correlations calculated?: We compute the correlation of daily returns between MKAM 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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