Defiance Daily Target 2x Long OSCR ETF (OSCX) — Stock Correlations & Overview
Over the past year, OSCX has moved most closely with OSCR, IHF, CNC. Explore the stocks most correlated and inversely correlated with OSCX below, along with its price, financials, and company profile.
Stocks correlated with OSCX
Correlation of daily returns. Higher positive values move with OSCX; negative values move opposite it. Informational only, not investment advice.
Most correlated with OSCX
| Symbol | Company | Correlation |
|---|---|---|
| OSCR | Oscar Health, Inc.HOSPITAL & MEDICAL SERVICE PLANS | 1.00 |
| IHF | iShares U.S. Healthcare Providers ETF | 0.52 |
| CNC | Centene CorporationHOSPITAL & MEDICAL SERVICE PLANS | 0.51 |
| XHS | State Street SPDR S&P Health Care Services ETF | 0.49 |
| HEAL | Global X Funds Global X HealthTech ETF | 0.48 |
Most inversely correlated with OSCX
| Symbol | Company | Correlation |
|---|---|---|
| SKF | ProShares UltraShort Financials | -0.35 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.35 |
| SEF | ProShares Short Financials | -0.35 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.32 |
Frequently asked questions about OSCX correlations
- Which stocks are most correlated with OSCX?
- Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2x Long OSCR ETF (OSCX) are OSCR (1.00), IHF (0.52) and CNC (0.51). 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 OSCX?
- Over the past year, the stocks most inversely correlated with Defiance Daily Target 2x Long OSCR ETF (OSCX) are SKF (-0.35), FAZ (-0.35) and SEF (-0.35). 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 OSCX correlations calculated?
- We compute the correlation of daily returns between OSCX 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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