ProShares UltraShort Consumer Discretionary (SCC) — Stock Correlations & Overview
Over the past year, SCC has moved most closely with QQQD, CARD, SH. Explore the stocks most correlated and inversely correlated with SCC below, along with its price, financials, and company profile.
Stocks correlated with SCC
Correlation of daily returns. Higher positive values move with SCC; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCC
| Symbol | Company | Correlation |
|---|---|---|
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | 0.80 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.79 |
| SH | ProShares Short S&P500 | 0.77 |
| SDS | ProShares UltraShort S&P500 | 0.77 |
| SPXU | ProShares UltraPro Short S&P 500 | 0.76 |
Most inversely correlated with SCC
| Symbol | Company | Correlation |
|---|---|---|
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -0.99 |
| WANT | Direxion Daily Consumer Discretionary Bull 3X ETF | -0.99 |
| UCC | ProShares Ultra Consumer Discretionary | -0.99 |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | -0.99 |
| VCR | Vanguard Consumer Discretionary ETF | -0.99 |
Frequently asked questions about SCC correlations
- Which stocks are most correlated with SCC?
- Based on one year of daily returns, the stocks most correlated with ProShares UltraShort Consumer Discretionary (SCC) are QQQD (0.80), CARD (0.79) and SH (0.77). 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 SCC?
- Over the past year, the stocks most inversely correlated with ProShares UltraShort Consumer Discretionary (SCC) are XLY (-0.99), WANT (-0.99) and UCC (-0.99). 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 SCC correlations calculated?
- We compute the correlation of daily returns between SCC 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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