Which stocks are most correlated with RSPC?

Based on one year of daily returns, the stocks most correlated with Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) are XLC (0.85), LTL (0.85) and XLCI (0.81). 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 RSPC?

Over the past year, the stocks most inversely correlated with Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) are HDGE (-0.63), DWSH (-0.57) and FLYD (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) — Stock Correlations & Overview

Over the past year, RSPC has moved most closely with XLC, LTL, XLCI. Explore the stocks most correlated and inversely correlated with RSPC below, along with its price, financials, and company profile.

Stocks correlated with RSPC

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

Most correlated with RSPC

Symbol	Company	Correlation
XLC	State Street Communication Services Select Sector SPDR ETF	0.85
LTL	ProShares Ultra Communication Services	0.85
XLCI	State Street Communication Services Select Sector SPDR Premium Income ETF	0.81
VOX	Vanguard Communication Services ETF	0.72
FCOM	Fidelity MSCI Communication Services Index ETF	0.71

Most inversely correlated with RSPC

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.63
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.57
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.54
SCC	ProShares UltraShort Consumer Discretionary	-0.53
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.53

Frequently asked questions about RSPC correlations

Which stocks are most correlated with RSPC?: Based on one year of daily returns, the stocks most correlated with Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) are XLC (0.85), LTL (0.85) and XLCI (0.81). 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 RSPC?: Over the past year, the stocks most inversely correlated with Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) are HDGE (-0.63), DWSH (-0.57) and FLYD (-0.54). 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 RSPC correlations calculated?: We compute the correlation of daily returns between RSPC 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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