Which stocks are most correlated with RPG?

Based on one year of daily returns, the stocks most correlated with Invesco S&P 500 Pure Growth ETF (RPG) are PWB (0.95), JMOM (0.95) and MTUM (0.95). 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 RPG?

Over the past year, the stocks most inversely correlated with Invesco S&P 500 Pure Growth ETF (RPG) are HIBS (-0.93), SOXS (-0.90) and REW (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco S&P 500 Pure Growth ETF (RPG) — Stock Correlations & Overview

Over the past year, RPG has moved most closely with PWB, JMOM, MTUM. Explore the stocks most correlated and inversely correlated with RPG below, along with its price, financials, and company profile.

Stocks correlated with RPG

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

Most correlated with RPG

Symbol	Company	Correlation
PWB	Invesco Large Cap Growth ETF	0.95
JMOM	JPMorgan U.S. Momentum Factor ETF	0.95
MTUM	iShares MSCI USA Momentum Factor ETF	0.95
FTC	First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI)	0.94
SEIM	SEI QiM U.S. Large Cap Momentum Active ETF	0.94

Most inversely correlated with RPG

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.93
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.90
REW	Proshares UltraShort Technology	-0.88
TECS	Direxion Daily Technology Bear 3x ETF	-0.88
SQQQ	ProShares UltraPro Short QQQ	-0.88

Frequently asked questions about RPG correlations

Which stocks are most correlated with RPG?: Based on one year of daily returns, the stocks most correlated with Invesco S&P 500 Pure Growth ETF (RPG) are PWB (0.95), JMOM (0.95) and MTUM (0.95). 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 RPG?: Over the past year, the stocks most inversely correlated with Invesco S&P 500 Pure Growth ETF (RPG) are HIBS (-0.93), SOXS (-0.90) and REW (-0.88). 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 RPG correlations calculated?: We compute the correlation of daily returns between RPG 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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