Roundhill Video Games ETF (NERD) — Stock Correlations & Overview
Over the past year, NERD has moved most closely with ESPO, HERO, BNGE. Explore the stocks most correlated and inversely correlated with NERD below, along with its price, financials, and company profile.
Stocks correlated with NERD
Correlation of daily returns. Higher positive values move with NERD; negative values move opposite it. Informational only, not investment advice.
Most correlated with NERD
| Symbol | Company | Correlation |
|---|---|---|
| ESPO | VanEck Video Gaming and eSports ETF | 0.95 |
| HERO | Global X Video Games & Esports ETF | 0.93 |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 0.86 |
| OND | ProShares On-Demand ETF | 0.81 |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 0.78 |
Most inversely correlated with NERD
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.56 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.56 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.55 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.53 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.51 |
Frequently asked questions about NERD correlations
- Which stocks are most correlated with NERD?
- Based on one year of daily returns, the stocks most correlated with Roundhill Video Games ETF (NERD) are ESPO (0.95), HERO (0.93) and BNGE (0.86). 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 NERD?
- Over the past year, the stocks most inversely correlated with Roundhill Video Games ETF (NERD) are SARK (-0.56), WEBS (-0.56) and YANG (-0.55). 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 NERD correlations calculated?
- We compute the correlation of daily returns between NERD 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.