Which stocks are most correlated with PPI?

Based on one year of daily returns, the stocks most correlated with Investment Managers Series Trust II Astoria Real Assets ETF (PPI) are GPT (0.88), FTWO (0.88) and GMOM (0.86). 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 PPI?

Over the past year, the stocks most inversely correlated with Investment Managers Series Trust II Astoria Real Assets ETF (PPI) are HIBS (-0.72), TZA (-0.72) and SRTY (-0.72). A negative correlation means the two stocks have tended to move in opposite directions.

Investment Managers Series Trust II Astoria Real Assets ETF (PPI) — Stock Correlations & Overview

Over the past year, PPI has moved most closely with GPT, FTWO, GMOM. Explore the stocks most correlated and inversely correlated with PPI below, along with its price, financials, and company profile.

Stocks correlated with PPI

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

Most correlated with PPI

Symbol	Company	Correlation
GPT	EA Series Trust Intelligent Alpha Atlas ETF	0.88
FTWO	Strive Natural Resources and Security ETF	0.88
GMOM	Cambria Global Momentum ETF	0.86
MGNR	American Beacon GLG Natural Resources ETF	0.86
ELFY	ALPS Electrification Infrastructure ETF	0.85

Most inversely correlated with PPI

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.72
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.72
SRTY	ProShares UltraPro Short Russell2000	-0.72
TWM	ProShares UltraShort Russell2000	-0.72
RWM	ProShares Short Russell2000	-0.71

Frequently asked questions about PPI correlations

Which stocks are most correlated with PPI?: Based on one year of daily returns, the stocks most correlated with Investment Managers Series Trust II Astoria Real Assets ETF (PPI) are GPT (0.88), FTWO (0.88) and GMOM (0.86). 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 PPI?: Over the past year, the stocks most inversely correlated with Investment Managers Series Trust II Astoria Real Assets ETF (PPI) are HIBS (-0.72), TZA (-0.72) and SRTY (-0.72). 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 PPI correlations calculated?: We compute the correlation of daily returns between PPI 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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