Which stocks are most correlated with PVEX?

Based on one year of daily returns, the stocks most correlated with TrueShares ConVequity ETF (PVEX) are JANU (0.95), OCTU (0.95) and DECU (0.94). 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 PVEX?

Over the past year, the stocks most inversely correlated with TrueShares ConVequity ETF (PVEX) are SPXS (-0.93), SPXU (-0.92) and SDS (-0.92). A negative correlation means the two stocks have tended to move in opposite directions.

TrueShares ConVequity ETF (PVEX) — Stock Correlations & Overview

Over the past year, PVEX has moved most closely with JANU, OCTU, DECU. Explore the stocks most correlated and inversely correlated with PVEX below, along with its price, financials, and company profile.

Stocks correlated with PVEX

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

Most correlated with PVEX

Symbol	Company	Correlation
JANU	AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF	0.95
OCTU	AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF	0.95
DECU	AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF	0.94
SEPU	AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF	0.94
NVBU	AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF	0.94

Most inversely correlated with PVEX

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.93
SPXU	ProShares UltraPro Short S&P 500	-0.92
SDS	ProShares UltraShort S&P500	-0.92
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.92
SH	ProShares Short S&P500	-0.91

Frequently asked questions about PVEX correlations

Which stocks are most correlated with PVEX?: Based on one year of daily returns, the stocks most correlated with TrueShares ConVequity ETF (PVEX) are JANU (0.95), OCTU (0.95) and DECU (0.94). 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 PVEX?: Over the past year, the stocks most inversely correlated with TrueShares ConVequity ETF (PVEX) are SPXS (-0.93), SPXU (-0.92) and SDS (-0.92). 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 PVEX correlations calculated?: We compute the correlation of daily returns between PVEX 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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