Which stocks are most correlated with OPTZ?

Based on one year of daily returns, the stocks most correlated with Optimize Strategy Index ETF (OPTZ) are RPG (0.94), JMOM (0.94) and FTC (0.93). 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 OPTZ?

Over the past year, the stocks most inversely correlated with Optimize Strategy Index ETF (OPTZ) are HIBS (-0.93), SOXS (-0.89) and SQQQ (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

Optimize Strategy Index ETF (OPTZ) — Stock Correlations & Overview

Over the past year, OPTZ has moved most closely with RPG, JMOM, FTC. Explore the stocks most correlated and inversely correlated with OPTZ below, along with its price, financials, and company profile.

Stocks correlated with OPTZ

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

Most correlated with OPTZ

Symbol	Company	Correlation
RPG	Invesco S&P 500 Pure Growth ETF	0.94
JMOM	JPMorgan U.S. Momentum Factor ETF	0.94
FTC	First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI)	0.93
SPHB	Invesco S&P 500 High Beta ETFINVESTMENT ADVICE	0.93
HIBL	Direxion Daily S&P 500 High Beta Bull 3X ETF	0.93

Most inversely correlated with OPTZ

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.93
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.89
SQQQ	ProShares UltraPro Short QQQ	-0.86
QID	ProShares UltraShort QQQ	-0.86
PSQ	ProShares Short QQQ	-0.86

Frequently asked questions about OPTZ correlations

Which stocks are most correlated with OPTZ?: Based on one year of daily returns, the stocks most correlated with Optimize Strategy Index ETF (OPTZ) are RPG (0.94), JMOM (0.94) and FTC (0.93). 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 OPTZ?: Over the past year, the stocks most inversely correlated with Optimize Strategy Index ETF (OPTZ) are HIBS (-0.93), SOXS (-0.89) and SQQQ (-0.86). 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 OPTZ correlations calculated?: We compute the correlation of daily returns between OPTZ 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.