Which stocks are most correlated with NBOS?

Based on one year of daily returns, the stocks most correlated with Neuberger Option Strategy ETF (NBOS) are FHDG (0.88), UFEB (0.87) and EDGE (0.87). 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 NBOS?

Over the past year, the stocks most inversely correlated with Neuberger Option Strategy ETF (NBOS) are SPXS (-0.85), SPXU (-0.84) and SDS (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

Neuberger Option Strategy ETF (NBOS) — Stock Correlations & Overview

Over the past year, NBOS has moved most closely with FHDG, UFEB, EDGE. Explore the stocks most correlated and inversely correlated with NBOS below, along with its price, financials, and company profile.

Stocks correlated with NBOS

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

Most correlated with NBOS

Symbol	Company	Correlation
FHDG	FT Vest U.S. Equity Quarterly Dynamic Buffer ETF	0.88
UFEB	Innovator U.S. Equity Ultra Buffer ETF - February	0.87
EDGE	MRBL Enhanced Equity ETFPHARMACEUTICAL PREPARATIONS	0.87
BUFR	FT Vest Laddered Buffer ETF	0.87
JANT	AllianzIM U.S. Equity Buffer10 Jan ETF	0.86

Most inversely correlated with NBOS

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.85
SPXU	ProShares UltraPro Short S&P 500	-0.84
SDS	ProShares UltraShort S&P500	-0.83
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.83
SH	ProShares Short S&P500	-0.83

Frequently asked questions about NBOS correlations

Which stocks are most correlated with NBOS?: Based on one year of daily returns, the stocks most correlated with Neuberger Option Strategy ETF (NBOS) are FHDG (0.88), UFEB (0.87) and EDGE (0.87). 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 NBOS?: Over the past year, the stocks most inversely correlated with Neuberger Option Strategy ETF (NBOS) are SPXS (-0.85), SPXU (-0.84) and SDS (-0.83). 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 NBOS correlations calculated?: We compute the correlation of daily returns between NBOS 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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