Which stocks are most correlated with PWS?

Based on one year of daily returns, the stocks most correlated with Pacer WealthShield ETF (PWS) are BSR (0.69), EALT (0.69) and SHDG (0.69). 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 PWS?

Over the past year, the stocks most inversely correlated with Pacer WealthShield ETF (PWS) are SPDN (-0.63), SDS (-0.63) and SH (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.

Pacer WealthShield ETF (PWS) — Stock Correlations & Overview

Over the past year, PWS has moved most closely with BSR, EALT, SHDG. Explore the stocks most correlated and inversely correlated with PWS below, along with its price, financials, and company profile.

Stocks correlated with PWS

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

Most correlated with PWS

Symbol	Company	Correlation
BSR	Beacon Unified Catalyst ETF	0.69
EALT	Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly	0.69
SHDG	Soundwatch Hedged Equity ETF	0.69
SMOM	Symmetry Panoramic Sector Momentum ETF	0.69
TACK	Fairlead Tactical Sector ETF	0.67

Most inversely correlated with PWS

Symbol	Company	Correlation
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.63
SDS	ProShares UltraShort S&P500	-0.63
SH	ProShares Short S&P500	-0.62
RWM	ProShares Short Russell2000	-0.62
SPXU	ProShares UltraPro Short S&P 500	-0.62

Frequently asked questions about PWS correlations

Which stocks are most correlated with PWS?: Based on one year of daily returns, the stocks most correlated with Pacer WealthShield ETF (PWS) are BSR (0.69), EALT (0.69) and SHDG (0.69). 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 PWS?: Over the past year, the stocks most inversely correlated with Pacer WealthShield ETF (PWS) are SPDN (-0.63), SDS (-0.63) and SH (-0.62). 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 PWS correlations calculated?: We compute the correlation of daily returns between PWS 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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