Which stocks are most correlated with MVLL?

Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long MRVL Daily ETF (MVLL) are MRVL (1.00), SOXY (0.77) and SMHX (0.77). 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 MVLL?

Over the past year, the stocks most inversely correlated with GraniteShares 2x Long MRVL Daily ETF (MVLL) are SOXS (-0.76), TSXD (-0.68) and REW (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.

GraniteShares 2x Long MRVL Daily ETF (MVLL) — Stock Correlations & Overview

Over the past year, MVLL has moved most closely with MRVL, SOXY, SMHX. Explore the stocks most correlated and inversely correlated with MVLL below, along with its price, financials, and company profile.

Stocks correlated with MVLL

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

Most correlated with MVLL

Symbol	Company	Correlation
MRVL	Marvell Technology, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES	1.00
SOXY	YieldMax Target 12 Semiconductor Option Income ETF	0.77
SMHX	VanEck Fabless Semiconductor ETF	0.77
SOXQ	Invesco PHLX Semiconductor ETFINVESTMENT ADVICE	0.77
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	0.76

Most inversely correlated with MVLL

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.76
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.68
REW	Proshares UltraShort Technology	-0.67
SSG	ProShares UltraShort Semiconductors	-0.66
TECS	Direxion Daily Technology Bear 3x ETF	-0.66

Frequently asked questions about MVLL correlations

Which stocks are most correlated with MVLL?: Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long MRVL Daily ETF (MVLL) are MRVL (1.00), SOXY (0.77) and SMHX (0.77). 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 MVLL?: Over the past year, the stocks most inversely correlated with GraniteShares 2x Long MRVL Daily ETF (MVLL) are SOXS (-0.76), TSXD (-0.68) and REW (-0.67). 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 MVLL correlations calculated?: We compute the correlation of daily returns between MVLL 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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