Which stocks are most correlated with RPAR?

Based on one year of daily returns, the stocks most correlated with RPAR Risk Parity ETF (RPAR) are UPAR (0.93), ALLW (0.83) and TDSB (0.82). 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 RPAR?

Over the past year, the stocks most inversely correlated with RPAR Risk Parity ETF (RPAR) are EFZ (-0.77), EFU (-0.75) and EPV (-0.74). A negative correlation means the two stocks have tended to move in opposite directions.

RPAR Risk Parity ETF (RPAR) — Stock Correlations & Overview

Over the past year, RPAR has moved most closely with UPAR, ALLW, TDSB. Explore the stocks most correlated and inversely correlated with RPAR below, along with its price, financials, and company profile.

Stocks correlated with RPAR

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

Most correlated with RPAR

Symbol	Company	Correlation
UPAR	UPAR Ultra Risk Parity ETF	0.93
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	0.83
TDSB	Exchange Listed Funds Trust ETC Cabana Target Beta ETF	0.82
ISWN	Amplify BlackSwan ISWN ETF	0.82
TBFC	The Brinsmere Fund Conservative ETF	0.82

Most inversely correlated with RPAR

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.77
EFU	ProShares Trust UltraShort MSCI EAFE	-0.75
EPV	ProShares UltraShort FTSE Europe	-0.74
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.74
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.74

Frequently asked questions about RPAR correlations

Which stocks are most correlated with RPAR?: Based on one year of daily returns, the stocks most correlated with RPAR Risk Parity ETF (RPAR) are UPAR (0.93), ALLW (0.83) and TDSB (0.82). 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 RPAR?: Over the past year, the stocks most inversely correlated with RPAR Risk Parity ETF (RPAR) are EFZ (-0.77), EFU (-0.75) and EPV (-0.74). 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 RPAR correlations calculated?: We compute the correlation of daily returns between RPAR 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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