GraniteShares YieldBOOST NVDA ETF (NVYY) — Stock Correlations & Overview
Over the past year, NVYY has moved most closely with NVDB, NVDX, NVDL. Explore the stocks most correlated and inversely correlated with NVYY below, along with its price, financials, and company profile.
Stocks correlated with NVYY
Correlation of daily returns. Higher positive values move with NVYY; negative values move opposite it. Informational only, not investment advice.
Most correlated with NVYY
| Symbol | Company | Correlation |
|---|---|---|
| NVDB | ProShares Ultra NVDA | 0.75 |
| NVDX | T-Rex 2X Long NVIDIA Daily Target ETF | 0.74 |
| NVDL | GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF | 0.74 |
| NVDU | Direxion Shares ETF Trust Direxion Daily NVDA Bull 2X ETF | 0.74 |
| NVDA | Nvidia CorpSEMICONDUCTORS & RELATED DEVICES | 0.74 |
Most inversely correlated with NVYY
| Symbol | Company | Correlation |
|---|---|---|
| NVDD | Direxion Shares ETF Trust Direxion Daily NVDA Bear 1X ETF | -0.74 |
| NVD | GraniteShares ETF Trust GraniteShares 2x Short NVDA Daily ETF | -0.72 |
| NVDQ | T-Rex 2X Inverse NVIDIA Daily Target ETF | -0.72 |
| NVDS | Investment Managers Series Trust II Tradr 1.5X Short NVDA Daily ETF | -0.71 |
| DIPS | YieldMax Short NVDA Option Income Strategy ETF | -0.64 |
Frequently asked questions about NVYY correlations
- Which stocks are most correlated with NVYY?
- Based on one year of daily returns, the stocks most correlated with GraniteShares YieldBOOST NVDA ETF (NVYY) are NVDB (0.75), NVDX (0.74) and NVDL (0.74). 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 NVYY?
- Over the past year, the stocks most inversely correlated with GraniteShares YieldBOOST NVDA ETF (NVYY) are NVDD (-0.74), NVD (-0.72) and NVDQ (-0.72). 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 NVYY correlations calculated?
- We compute the correlation of daily returns between NVYY 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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