Which stocks are most correlated with PYPY?

Based on one year of daily returns, the stocks most correlated with YieldMax PYPL Option Income Strategy ETF (PYPY) are PYPL (0.96), PYPG (0.96) and IPAY (0.58). 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 PYPY?

Over the past year, the stocks most inversely correlated with YieldMax PYPL Option Income Strategy ETF (PYPY) are WEBS (-0.41), HDGE (-0.36) and VIXY (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

YieldMax PYPL Option Income Strategy ETF (PYPY) — Stock Correlations & Overview

Over the past year, PYPY has moved most closely with PYPL, PYPG, IPAY. Explore the stocks most correlated and inversely correlated with PYPY below, along with its price, financials, and company profile.

Stocks correlated with PYPY

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

Most correlated with PYPY

Symbol	Company	Correlation
PYPL	PayPal Holdings, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC	0.96
PYPG	Leverage Shares 2X Long PYPL Daily ETF	0.96
IPAY	Amplify Digital Payments ETF	0.58
FINX	Global X Funds Global X FinTech ETF	0.53
LRGG	Nomura Focused Large Growth ETF	0.50

Most inversely correlated with PYPY

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.41
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.36
VIXY	ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.33
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.33
UVXY	ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.33

Frequently asked questions about PYPY correlations

Which stocks are most correlated with PYPY?: Based on one year of daily returns, the stocks most correlated with YieldMax PYPL Option Income Strategy ETF (PYPY) are PYPL (0.96), PYPG (0.96) and IPAY (0.58). 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 PYPY?: Over the past year, the stocks most inversely correlated with YieldMax PYPL Option Income Strategy ETF (PYPY) are WEBS (-0.41), HDGE (-0.36) and VIXY (-0.33). 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 PYPY correlations calculated?: We compute the correlation of daily returns between PYPY 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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