Pacer BlueStar Digital Entertainment ETF (ODDS) — Stock Correlations & Overview
Over the past year, ODDS has moved most closely with BNGE, BETZ, ESPO. Explore the stocks most correlated and inversely correlated with ODDS below, along with its price, financials, and company profile.
Stocks correlated with ODDS
Correlation of daily returns. Higher positive values move with ODDS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ODDS
| Symbol | Company | Correlation |
|---|---|---|
| BNGE | First Trust S-Network Streaming and Gaming ETF | 0.85 |
| BETZ | Roundhill Sports Betting & iGaming ETF | 0.81 |
| ESPO | VanEck Video Gaming and eSports ETF | 0.80 |
| NERD | Roundhill Video Games ETF | 0.78 |
| ISHP | First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF | 0.74 |
Most inversely correlated with ODDS
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.60 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.54 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.54 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.54 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.52 |
Frequently asked questions about ODDS correlations
- Which stocks are most correlated with ODDS?
- Based on one year of daily returns, the stocks most correlated with Pacer BlueStar Digital Entertainment ETF (ODDS) are BNGE (0.85), BETZ (0.81) and ESPO (0.80). 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 ODDS?
- Over the past year, the stocks most inversely correlated with Pacer BlueStar Digital Entertainment ETF (ODDS) are WEBS (-0.60), YANG (-0.54) and HDGE (-0.54). 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 ODDS correlations calculated?
- We compute the correlation of daily returns between ODDS 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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