Which stocks are most correlated with RKT?

Based on one year of daily returns, the stocks most correlated with Rocket Companies, Inc. (RKT) are HOMZ (0.67), ITB (0.64) and XHB (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 RKT?

Over the past year, the stocks most inversely correlated with Rocket Companies, Inc. (RKT) are CARD (-0.57), MZZ (-0.56) and SMDD (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.

Rocket Companies, Inc. (RKT) — Stock Correlations & Overview

Over the past year, RKT has moved most closely with HOMZ, ITB, XHB. Explore the stocks most correlated and inversely correlated with RKT below, along with its price, financials, and company profile.

Stocks correlated with RKT

Correlation of daily returns. Higher positive values move with RKT; negative values move opposite it. Informational only, not investment advice.

Most correlated with RKT

Symbol	Company	Correlation
HOMZ	Hoya Capital Housing ETF	0.67
ITB	iShares U.S. Home Construction ETF	0.64
XHB	State Street SPDR S&P Homebuilders ETF	0.64
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.64
TOL	Toll Brothers, Inc.OPERATIVE BUILDERS	0.62

Most inversely correlated with RKT

Symbol	Company	Correlation
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.57
MZZ	ProShares UltraShort MidCap400	-0.56
SMDD	ProShares UltraPro Short MidCap400	-0.56
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.56
MYY	ProShares Short MidCap400	-0.56

Frequently asked questions about RKT correlations

Which stocks are most correlated with RKT?: Based on one year of daily returns, the stocks most correlated with Rocket Companies, Inc. (RKT) are HOMZ (0.67), ITB (0.64) and XHB (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 RKT?: Over the past year, the stocks most inversely correlated with Rocket Companies, Inc. (RKT) are CARD (-0.57), MZZ (-0.56) and SMDD (-0.56). 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 RKT correlations calculated?: We compute the correlation of daily returns between RKT 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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