Aztlan North America Nearshoring Stock Selection ETF (NRSH) — Stock Correlations & Overview
Over the past year, NRSH has moved most closely with PDP, FTC, JMOM. Explore the stocks most correlated and inversely correlated with NRSH below, along with its price, financials, and company profile.
Stocks correlated with NRSH
Correlation of daily returns. Higher positive values move with NRSH; negative values move opposite it. Informational only, not investment advice.
Most correlated with NRSH
| Symbol | Company | Correlation |
|---|---|---|
| PDP | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Momentum ETF | 0.91 |
| FTC | First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI) | 0.91 |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 0.91 |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 0.91 |
| FWD | AB Disruptors ETF | 0.91 |
Frequently asked questions about NRSH correlations
- Which stocks are most correlated with NRSH?
- Based on one year of daily returns, the stocks most correlated with Aztlan North America Nearshoring Stock Selection ETF (NRSH) are PDP (0.91), FTC (0.91) and JMOM (0.91). 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 NRSH?
- Over the past year, the stocks most inversely correlated with Aztlan North America Nearshoring Stock Selection ETF (NRSH) are HIBS (-0.86), SOXS (-0.85) and REW (-0.84). 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 NRSH correlations calculated?
- We compute the correlation of daily returns between NRSH 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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