Reddit, Inc. (RDDT) — Stock Correlations & Overview
Over the past year, RDDT has moved most closely with RDTL, RDYY, SOCL. Explore the stocks most correlated and inversely correlated with RDDT below, along with its price, financials, and company profile.
Stocks correlated with RDDT
Correlation of daily returns. Higher positive values move with RDDT; negative values move opposite it. Informational only, not investment advice.
Most correlated with RDDT
| Symbol | Company | Correlation |
|---|---|---|
| RDTL | GraniteShares 2x Long RDDT Daily ETF | 1.00 |
| RDYY | YieldMax RDDT Option Income Strategy ETF | 0.95 |
| SOCL | Global X Funds Global X Social Media ETF | 0.64 |
| TOGA | Tremblant Global ETF | 0.58 |
| ARKF | ARK Blockchain & Fintech Innovation ETF | 0.56 |
Most inversely correlated with RDDT
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.49 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.46 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.43 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.42 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.40 |
Frequently asked questions about RDDT correlations
- Which stocks are most correlated with RDDT?
- Based on one year of daily returns, the stocks most correlated with Reddit, Inc. (RDDT) are RDTL (1.00), RDYY (0.95) and SOCL (0.64). 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 RDDT?
- Over the past year, the stocks most inversely correlated with Reddit, Inc. (RDDT) are WEBS (-0.49), SARK (-0.46) and CONI (-0.43). 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 RDDT correlations calculated?
- We compute the correlation of daily returns between RDDT 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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