Which stocks are most correlated with NBIL?

Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long NBIS Daily ETF (NBIL) are NEBX (1.00), NBIS (1.00) and CWVX (0.79). 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 NBIL?

Over the past year, the stocks most inversely correlated with GraniteShares 2x Long NBIS Daily ETF (NBIL) are CORD (-0.77), TECS (-0.58) and REW (-0.57). A negative correlation means the two stocks have tended to move in opposite directions.

GraniteShares 2x Long NBIS Daily ETF (NBIL) — Stock Correlations & Overview

Over the past year, NBIL has moved most closely with NEBX, NBIS, CWVX. Explore the stocks most correlated and inversely correlated with NBIL below, along with its price, financials, and company profile.

Stocks correlated with NBIL

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

Most correlated with NBIL

Symbol	Company	Correlation
NEBX	Tradr 2X Long NBIS Daily ETF	1.00
NBIS	Nebius Group N.V. Class A Ordinary Shares	1.00
CWVX	Tradr 2X Long CRWV Daily ETF	0.79
CRWV	CoreWeave, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE	0.79
CRWG	Leverage Shares 2X Long CRWV Daily ETF	0.79

Most inversely correlated with NBIL

Symbol	Company	Correlation
CORD	T-REX 2X Inverse CRWV Daily Target ETF	-0.77
TECS	Direxion Daily Technology Bear 3x ETF	-0.58
REW	Proshares UltraShort Technology	-0.57
SSG	ProShares UltraShort Semiconductors	-0.57
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.56

Frequently asked questions about NBIL correlations

Which stocks are most correlated with NBIL?: Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long NBIS Daily ETF (NBIL) are NEBX (1.00), NBIS (1.00) and CWVX (0.79). 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 NBIL?: Over the past year, the stocks most inversely correlated with GraniteShares 2x Long NBIS Daily ETF (NBIL) are CORD (-0.77), TECS (-0.58) and REW (-0.57). 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 NBIL correlations calculated?: We compute the correlation of daily returns between NBIL 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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