Obra Opportunistic Structured Products ETF (OOSP) — Stock Correlations & Overview
Over the past year, OOSP has moved most closely with OGSP, OPER, TUSB. Explore the stocks most correlated and inversely correlated with OOSP below, along with its price, financials, and company profile.
Stocks correlated with OOSP
Correlation of daily returns. Higher positive values move with OOSP; negative values move opposite it. Informational only, not investment advice.
Most correlated with OOSP
| Symbol | Company | Correlation |
|---|---|---|
| OGSP | Obra High Grade Structured Products ETF | 0.48 |
| OPER | ClearShares Ultra-Short Maturity ETF | 0.42 |
| TUSB | Thrivent Ultra Short Bond ETF | 0.39 |
| FLDR | Fidelity Low Duration Bond Factor ETF | 0.39 |
| SOFR | Amplify Samsung SOFR ETF | 0.38 |
Most inversely correlated with OOSP
| Symbol | Company | Correlation |
|---|---|---|
| CQP | Cheniere Energy Partners, LPNATURAL GAS DISTRIBUTION | -0.19 |
| WYFI | WhiteFiber, Inc. Ordinary SharesFINANCE SERVICES | -0.17 |
| THTA | SoFi Enhanced Yield ETF | -0.17 |
| HOVR | New Horizon Aircraft Ltd. Class A Ordinary ShareAIRCRAFT | -0.17 |
| BE | Bloom Energy CorporationELECTRICAL INDUSTRIAL APPARATUS | -0.17 |
Frequently asked questions about OOSP correlations
- Which stocks are most correlated with OOSP?
- Based on one year of daily returns, the stocks most correlated with Obra Opportunistic Structured Products ETF (OOSP) are OGSP (0.48), OPER (0.42) and TUSB (0.39). 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 OOSP?
- Over the past year, the stocks most inversely correlated with Obra Opportunistic Structured Products ETF (OOSP) are CQP (-0.19), WYFI (-0.17) and THTA (-0.17). 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 OOSP correlations calculated?
- We compute the correlation of daily returns between OOSP 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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