Which stocks are most correlated with SETM?

Based on one year of daily returns, the stocks most correlated with Sprott Funds Trust Sprott Critical Materials ETF (SETM) are METL (0.95), XME (0.89) and PICK (0.88). 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 SETM?

Over the past year, the stocks most inversely correlated with Sprott Funds Trust Sprott Critical Materials ETF (SETM) are JDST (-0.81), GDXD (-0.80) and DUST (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.

Sprott Funds Trust Sprott Critical Materials ETF (SETM) — Stock Correlations & Overview

Over the past year, SETM has moved most closely with METL, XME, PICK. Explore the stocks most correlated and inversely correlated with SETM below, along with its price, financials, and company profile.

Stocks correlated with SETM

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

Most correlated with SETM

Symbol	Company	Correlation
METL	Sprott Active Metals & Miners ETF	0.95
XME	State Street SPDR S&P Metals & Mining ETF	0.89
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.88
ICOP	iShares Copper and Metals Mining ETF	0.88
REMX	VanEck Rare Earth and Strategic Metals ETF	0.87

Most inversely correlated with SETM

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.81
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.80
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.80
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.73
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.71

Frequently asked questions about SETM correlations

Which stocks are most correlated with SETM?: Based on one year of daily returns, the stocks most correlated with Sprott Funds Trust Sprott Critical Materials ETF (SETM) are METL (0.95), XME (0.89) and PICK (0.88). 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 SETM?: Over the past year, the stocks most inversely correlated with Sprott Funds Trust Sprott Critical Materials ETF (SETM) are JDST (-0.81), GDXD (-0.80) and DUST (-0.80). 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 SETM correlations calculated?: We compute the correlation of daily returns between SETM 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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