Direxion Daily Retail Bull 3X ETF (RETL) — Stock Correlations & Overview
Over the past year, RETL has moved most closely with XRT, FXD, PSCD. Explore the stocks most correlated and inversely correlated with RETL below, along with its price, financials, and company profile.
Stocks correlated with RETL
Correlation of daily returns. Higher positive values move with RETL; negative values move opposite it. Informational only, not investment advice.
Most correlated with RETL
| Symbol | Company | Correlation |
|---|---|---|
| XRT | State Street SPDR S&P Retail ETF | 1.00 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.88 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.88 |
| RWJ | Invesco S&P SmallCap 600 Revenue ETFINVESTMENT ADVICE | 0.85 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.84 |
Most inversely correlated with RETL
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.88 |
| SBB | ProShares Short SmallCap600 | -0.77 |
| SDD | ProShares UltraShort SmallCap600 | -0.76 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.73 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.71 |
Frequently asked questions about RETL correlations
- Which stocks are most correlated with RETL?
- Based on one year of daily returns, the stocks most correlated with Direxion Daily Retail Bull 3X ETF (RETL) are XRT (1.00), FXD (0.88) and PSCD (0.88). 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 RETL?
- Over the past year, the stocks most inversely correlated with Direxion Daily Retail Bull 3X ETF (RETL) are EMTY (-0.88), SBB (-0.77) and SDD (-0.76). 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 RETL correlations calculated?
- We compute the correlation of daily returns between RETL 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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