Which stocks are most correlated with NBSM?

Based on one year of daily returns, the stocks most correlated with Neuberger Small-Mid Cap ETF (NBSM) are TPSC (0.92), MDYV (0.92) and IJJ (0.92). 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 NBSM?

Over the past year, the stocks most inversely correlated with Neuberger Small-Mid Cap ETF (NBSM) are SBB (-0.89), SDD (-0.89) and SMDD (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.

Neuberger Small-Mid Cap ETF (NBSM) — Stock Correlations & Overview

Over the past year, NBSM has moved most closely with TPSC, MDYV, IJJ. Explore the stocks most correlated and inversely correlated with NBSM below, along with its price, financials, and company profile.

Stocks correlated with NBSM

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

Most correlated with NBSM

Symbol	Company	Correlation
TPSC	Timothy Plan US Small Cap Core ETF	0.92
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	0.92
IJJ	iShares S&P Mid-Cap 400 Value ETF	0.92
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	0.92
VBR	Vanguard Morningstar Small-Cap Value ETF	0.91

Most inversely correlated with NBSM

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.89
SDD	ProShares UltraShort SmallCap600	-0.89
SMDD	ProShares UltraPro Short MidCap400	-0.89
MZZ	ProShares UltraShort MidCap400	-0.88
MYY	ProShares Short MidCap400	-0.88

Frequently asked questions about NBSM correlations

Which stocks are most correlated with NBSM?: Based on one year of daily returns, the stocks most correlated with Neuberger Small-Mid Cap ETF (NBSM) are TPSC (0.92), MDYV (0.92) and IJJ (0.92). 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 NBSM?: Over the past year, the stocks most inversely correlated with Neuberger Small-Mid Cap ETF (NBSM) are SBB (-0.89), SDD (-0.89) and SMDD (-0.89). 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 NBSM correlations calculated?: We compute the correlation of daily returns between NBSM 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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