Which stocks are most correlated with PSQO?

Based on one year of daily returns, the stocks most correlated with Palmer Square Credit Opportunities ETF (PSQO) are ILS (0.63), QBUL (0.48) and JULZ (0.47). 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 PSQO?

Over the past year, the stocks most inversely correlated with Palmer Square Credit Opportunities ETF (PSQO) are QURE (-0.32), FENG (-0.27) and BTAL (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Palmer Square Credit Opportunities ETF (PSQO) — Stock Correlations & Overview

Over the past year, PSQO has moved most closely with ILS, QBUL, JULZ. Explore the stocks most correlated and inversely correlated with PSQO below, along with its price, financials, and company profile.

Stocks correlated with PSQO

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

Most correlated with PSQO

Symbol	Company	Correlation
ILS	Brookmont Catastrophic Bond ETF	0.63
QBUL	TrueShares Quarterly Bull Hedge ETF	0.48
JULZ	TrueShares Structured Outcome (July) ETF	0.47
PSQA	Palmer Square CLO Senior Debt ETF	0.45
PEX	ProShares Global Listed Private Equity ETF	0.38

Most inversely correlated with PSQO

Symbol	Company	Correlation
QURE	uniQure N.V.PHARMACEUTICAL PREPARATIONS	-0.32
FENG	Phoenix New Media Limited American Depositary Shares (each representing forty-eight (48) Class A Ordinary Shares)	-0.27
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.26
RANGR	Range Capital Acquisition Corp. RightsBLANK CHECKS	-0.25
LAC	Lithium Americas Corp.METAL MINING	-0.24

Frequently asked questions about PSQO correlations

Which stocks are most correlated with PSQO?: Based on one year of daily returns, the stocks most correlated with Palmer Square Credit Opportunities ETF (PSQO) are ILS (0.63), QBUL (0.48) and JULZ (0.47). 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 PSQO?: Over the past year, the stocks most inversely correlated with Palmer Square Credit Opportunities ETF (PSQO) are QURE (-0.32), FENG (-0.27) and BTAL (-0.26). 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 PSQO correlations calculated?: We compute the correlation of daily returns between PSQO 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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