YieldMax RDDT Option Income Strategy ETF (RDYY) — Stock Correlations & Overview
Over the past year, RDYY has moved most closely with RDTL, RDDT, SOCL. Explore the stocks most correlated and inversely correlated with RDYY below, along with its price, financials, and company profile.
Stocks correlated with RDYY
Correlation of daily returns. Higher positive values move with RDYY; negative values move opposite it. Informational only, not investment advice.
Most correlated with RDYY
| Symbol | Company | Correlation |
|---|---|---|
| RDTL | GraniteShares 2x Long RDDT Daily ETF | 0.95 |
| RDDT | Reddit, Inc.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.95 |
| SOCL | Global X Funds Global X Social Media ETF | 0.63 |
| ARKF | ARK Blockchain & Fintech Innovation ETF | 0.55 |
| FDCF | Fidelity Disruptive Communications ETF | 0.55 |
Most inversely correlated with RDYY
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.47 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.45 |
| 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 | -0.41 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.38 |
Frequently asked questions about RDYY correlations
- Which stocks are most correlated with RDYY?
- Based on one year of daily returns, the stocks most correlated with YieldMax RDDT Option Income Strategy ETF (RDYY) are RDTL (0.95), RDDT (0.95) and SOCL (0.63). 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 RDYY?
- Over the past year, the stocks most inversely correlated with YieldMax RDDT Option Income Strategy ETF (RDYY) are WEBS (-0.47), SARK (-0.45) 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 RDYY correlations calculated?
- We compute the correlation of daily returns between RDYY 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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