Which stocks are most correlated with PBNV?

Based on one year of daily returns, the stocks most correlated with PGIM S&P 500 Buffer 20 ETF - November (PBNV) are PBJA (0.96), PBFB (0.95) and PBDE (0.95). 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 PBNV?

Over the past year, the stocks most inversely correlated with PGIM S&P 500 Buffer 20 ETF - November (PBNV) are SPXU (-0.92), SPXS (-0.91) and SDS (-0.91). A negative correlation means the two stocks have tended to move in opposite directions.

PGIM S&P 500 Buffer 20 ETF - November (PBNV) — Stock Correlations & Overview

Over the past year, PBNV has moved most closely with PBJA, PBFB, PBDE. Explore the stocks most correlated and inversely correlated with PBNV below, along with its price, financials, and company profile.

Stocks correlated with PBNV

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

Most correlated with PBNV

Symbol	Company	Correlation
PBJA	PGIM S&P 500 Buffer 20 ETF - January	0.96
PBFB	PGIM S&P 500 Buffer 20 ETF - February	0.95
PBDE	PGIM S&P 500 Buffer 20 ETF - December	0.95
NVBT	AllianzIM U.S. Equity Buffer10 Nov ETF	0.95
UNOV	Innovator U.S. Equity Ultra Buffer ETF - NovemberPHARMACEUTICAL PREPARATIONS	0.95

Most inversely correlated with PBNV

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.92
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.91
SDS	ProShares UltraShort S&P500	-0.91
SH	ProShares Short S&P500	-0.91
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.91

Frequently asked questions about PBNV correlations

Which stocks are most correlated with PBNV?: Based on one year of daily returns, the stocks most correlated with PGIM S&P 500 Buffer 20 ETF - November (PBNV) are PBJA (0.96), PBFB (0.95) and PBDE (0.95). 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 PBNV?: Over the past year, the stocks most inversely correlated with PGIM S&P 500 Buffer 20 ETF - November (PBNV) are SPXU (-0.92), SPXS (-0.91) and SDS (-0.91). 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 PBNV correlations calculated?: We compute the correlation of daily returns between PBNV 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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