Defiance Daily Target 2x Short RGTI ETF (RGTZ) — Stock Correlations & Overview
Over the past year, RGTZ has moved most closely with QBTZ, IONZ, SARK. Explore the stocks most correlated and inversely correlated with RGTZ below, along with its price, financials, and company profile.
Stocks correlated with RGTZ
Correlation of daily returns. Higher positive values move with RGTZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with RGTZ
| Symbol | Company | Correlation |
|---|---|---|
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | 0.94 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | 0.82 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | 0.59 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | 0.58 |
| SRTY | ProShares UltraPro Short Russell2000 | 0.58 |
Most inversely correlated with RGTZ
| Symbol | Company | Correlation |
|---|---|---|
| RGTI | Rigetti Computing, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES | -0.97 |
| RGTX | Defiance Daily Target 2X Long RGTI ETF | -0.96 |
| RGTU | Tradr 2X Long RGTI Daily ETF | -0.96 |
| RGTIW | Rigetti Computing, Inc. WarrantsSERVICES-COMPUTER PROGRAMMING SERVICES | -0.95 |
| QPUX | Defiance 2X Daily Long Pure Quantum ETF | -0.93 |
Frequently asked questions about RGTZ correlations
- Which stocks are most correlated with RGTZ?
- Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2x Short RGTI ETF (RGTZ) are QBTZ (0.94), IONZ (0.82) and SARK (0.59). 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 RGTZ?
- Over the past year, the stocks most inversely correlated with Defiance Daily Target 2x Short RGTI ETF (RGTZ) are RGTI (-0.97), RGTX (-0.96) and RGTU (-0.96). 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 RGTZ correlations calculated?
- We compute the correlation of daily returns between RGTZ 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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