ClearShares Ultra-Short Maturity ETF (OPER) — Stock Correlations & Overview
Over the past year, OPER has moved most closely with FLDR, KCSH, FLDB. Explore the stocks most correlated and inversely correlated with OPER below, along with its price, financials, and company profile.
Stocks correlated with OPER
Correlation of daily returns. Higher positive values move with OPER; negative values move opposite it. Informational only, not investment advice.
Most correlated with OPER
| Symbol | Company | Correlation |
|---|---|---|
| FLDR | Fidelity Low Duration Bond Factor ETF | 0.80 |
| KCSH | KraneShares Sustainable Ultra Short Duration Index ETF | 0.78 |
| FLDB | Fidelity Low Duration Bond ETF | 0.76 |
| OGSP | Obra High Grade Structured Products ETF | 0.76 |
| TUSI | Touchstone Ultra Short Income ETF | 0.75 |
Most inversely correlated with OPER
| Symbol | Company | Correlation |
|---|---|---|
| WOLF | Wolfspeed, Inc.SEMICONDUCTORS & RELATED DEVICES | -0.34 |
| BQ | Boqii Holding Limited | -0.34 |
| ENTA | Enanta Pharmaceuticals, IncPHARMACEUTICAL PREPARATIONS | -0.33 |
| INTS | Intensity Therapeutics, Inc. Common stockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.29 |
| TAL | TAL Education Group | -0.27 |
Frequently asked questions about OPER correlations
- Which stocks are most correlated with OPER?
- Based on one year of daily returns, the stocks most correlated with ClearShares Ultra-Short Maturity ETF (OPER) are FLDR (0.80), KCSH (0.78) and FLDB (0.76). 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 OPER?
- Over the past year, the stocks most inversely correlated with ClearShares Ultra-Short Maturity ETF (OPER) are WOLF (-0.34), BQ (-0.34) and ENTA (-0.33). 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 OPER correlations calculated?
- We compute the correlation of daily returns between OPER 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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