Which stocks are most correlated with NXTG?

Based on one year of daily returns, the stocks most correlated with First Trust Indxx NextG ETF (NXTG) are CARZ (0.93), KNCT (0.93) and ARTY (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 NXTG?

Over the past year, the stocks most inversely correlated with First Trust Indxx NextG ETF (NXTG) are EDZ (-0.89), EUM (-0.89) and SOXS (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Indxx NextG ETF (NXTG) — Stock Correlations & Overview

Over the past year, NXTG has moved most closely with CARZ, KNCT, ARTY. Explore the stocks most correlated and inversely correlated with NXTG below, along with its price, financials, and company profile.

Stocks correlated with NXTG

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

Most correlated with NXTG

Symbol	Company	Correlation
CARZ	First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF	0.93
KNCT	Invesco Next Gen Connectivity ETF	0.93
ARTY	iShares Future AI & Tech ETF	0.91
XNAV	FundX Aggressive ETF	0.91
CHPX	Global X AI Semiconductor & Quantum ETF	0.91

Most inversely correlated with NXTG

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.89
EUM	ProShares Trust Short MSCI Emerging Markets	-0.89
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.89
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.88
REW	Proshares UltraShort Technology	-0.88

Frequently asked questions about NXTG correlations

Which stocks are most correlated with NXTG?: Based on one year of daily returns, the stocks most correlated with First Trust Indxx NextG ETF (NXTG) are CARZ (0.93), KNCT (0.93) and ARTY (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 NXTG?: Over the past year, the stocks most inversely correlated with First Trust Indxx NextG ETF (NXTG) are EDZ (-0.89), EUM (-0.89) and SOXS (-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 NXTG correlations calculated?: We compute the correlation of daily returns between NXTG 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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