TrueShares Quarterly Bear Hedge ETF (QBER) — Stock Correlations & Overview
Over the past year, QBER has moved most closely with QBUL, SH, SDS. Explore the stocks most correlated and inversely correlated with QBER below, along with its price, financials, and company profile.
Stocks correlated with QBER
Correlation of daily returns. Higher positive values move with QBER; negative values move opposite it. Informational only, not investment advice.
Most correlated with QBER
| Symbol | Company | Correlation |
|---|---|---|
| QBUL | TrueShares Quarterly Bull Hedge ETF | 0.52 |
| SH | ProShares Short S&P500 | 0.48 |
| SDS | ProShares UltraShort S&P500 | 0.46 |
| SPXU | ProShares UltraPro Short S&P 500 | 0.45 |
| PSQ | ProShares Short QQQ | 0.42 |
Most inversely correlated with QBER
| Symbol | Company | Correlation |
|---|---|---|
| BUFD | FT Vest Laddered Deep Buffer ETF | -0.46 |
| TAPR | Innovator Equity Defined Protection ETF - 2 Yr to April 2027 | -0.46 |
| JOYT | JPMorgan Equity and Options Total Return ETF | -0.45 |
| XDEC | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | -0.45 |
| OCTW | AllianzIM U.S. Equity Buffer20 Oct ETF | -0.45 |
Frequently asked questions about QBER correlations
- Which stocks are most correlated with QBER?
- Based on one year of daily returns, the stocks most correlated with TrueShares Quarterly Bear Hedge ETF (QBER) are QBUL (0.52), SH (0.48) and SDS (0.46). 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 QBER?
- Over the past year, the stocks most inversely correlated with TrueShares Quarterly Bear Hedge ETF (QBER) are BUFD (-0.46), TAPR (-0.46) and JOYT (-0.45). 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 QBER correlations calculated?
- We compute the correlation of daily returns between QBER 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.