Tradr 2X Long PONY Daily ETF (PONX) — Stock Correlations & Overview
Over the past year, PONX has moved most closely with PONY, WRD, ARKQ. Explore the stocks most correlated and inversely correlated with PONX below, along with its price, financials, and company profile.
Stocks correlated with PONX
Correlation of daily returns. Higher positive values move with PONX; negative values move opposite it. Informational only, not investment advice.
Most correlated with PONX
| Symbol | Company | Correlation |
|---|---|---|
| PONY | Pony AI Inc. American Depositary Shares | 0.99 |
| WRD | WeRide Inc. American Depositary Shares | 0.69 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.63 |
| BUZZ | VanEck Social Sentiment ETF | 0.62 |
| HAIL | State Street SPDR S&P Kensho Smart Mobility ETF | 0.62 |
Most inversely correlated with PONX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.59 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.57 |
| SDS | ProShares UltraShort S&P500 | -0.56 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.56 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.56 |
Frequently asked questions about PONX correlations
- Which stocks are most correlated with PONX?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long PONY Daily ETF (PONX) are PONY (0.99), WRD (0.69) and ARKQ (0.63). 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 PONX?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long PONY Daily ETF (PONX) are SARK (-0.59), AIBD (-0.57) and SDS (-0.56). 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 PONX correlations calculated?
- We compute the correlation of daily returns between PONX 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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