Defiance Daily Target 2x Short RKLB ETF (RKLZ) — Stock Correlations & Overview
Over the past year, RKLZ has moved most closely with TECS, REW, SARK. Explore the stocks most correlated and inversely correlated with RKLZ below, along with its price, financials, and company profile.
Stocks correlated with RKLZ
Correlation of daily returns. Higher positive values move with RKLZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with RKLZ
| Symbol | Company | Correlation |
|---|---|---|
| TECS | Direxion Daily Technology Bear 3x ETF | 0.52 |
| REW | Proshares UltraShort Technology | 0.52 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | 0.52 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | 0.52 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.52 |
Most inversely correlated with RKLZ
| Symbol | Company | Correlation |
|---|---|---|
| RKLB | Rocket Lab Corporation Common StockGUIDED MISSILES & SPACE VEHICLES & PARTS | -0.96 |
| RKLX | Defiance Daily Target 2X Long RKLB ETF | -0.95 |
| UFO | Procure Space ETF | -0.81 |
| ARKX | ARK Space & Defense Innovation ETF | -0.77 |
| FLY | Firefly Aerospace Inc. Common StockGUIDED MISSILES & SPACE VEHICLES & PARTS | -0.76 |
Frequently asked questions about RKLZ correlations
- Which stocks are most correlated with RKLZ?
- Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2x Short RKLB ETF (RKLZ) are TECS (0.52), REW (0.52) and SARK (0.52). 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 RKLZ?
- Over the past year, the stocks most inversely correlated with Defiance Daily Target 2x Short RKLB ETF (RKLZ) are RKLB (-0.96), RKLX (-0.95) and UFO (-0.81). 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 RKLZ correlations calculated?
- We compute the correlation of daily returns between RKLZ 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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