ProShares Online Retail ETF (ONLN) — Stock Correlations & Overview
Over the past year, ONLN has moved most closely with CLIX, EBIZ, IBUY. Explore the stocks most correlated and inversely correlated with ONLN below, along with its price, financials, and company profile.
Stocks correlated with ONLN
Correlation of daily returns. Higher positive values move with ONLN; negative values move opposite it. Informational only, not investment advice.
Most correlated with ONLN
| Symbol | Company | Correlation |
|---|---|---|
| CLIX | ProShares Long Online/Short Stores ETF | 0.93 |
| EBIZ | Global X E-commerce ETF | 0.89 |
| IBUY | Amplify Online Retail ETF | 0.87 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.84 |
| ISHP | First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF | 0.82 |
Most inversely correlated with ONLN
| Symbol | Company | Correlation |
|---|---|---|
| SCC | ProShares UltraShort Consumer Discretionary | -0.79 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.75 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.70 |
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.69 |
| SH | ProShares Short S&P500 | -0.68 |
Frequently asked questions about ONLN correlations
- Which stocks are most correlated with ONLN?
- Based on one year of daily returns, the stocks most correlated with ProShares Online Retail ETF (ONLN) are CLIX (0.93), EBIZ (0.89) and IBUY (0.87). 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 ONLN?
- Over the past year, the stocks most inversely correlated with ProShares Online Retail ETF (ONLN) are SCC (-0.79), WEBS (-0.75) and QQQD (-0.70). 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 ONLN correlations calculated?
- We compute the correlation of daily returns between ONLN 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.