SMART Earnings Growth 30 ETF (SGRT) — Stock Correlations & Overview
Over the past year, SGRT has moved most closely with AMOM, STRN, FWD. Explore the stocks most correlated and inversely correlated with SGRT below, along with its price, financials, and company profile.
Stocks correlated with SGRT
Correlation of daily returns. Higher positive values move with SGRT; negative values move opposite it. Informational only, not investment advice.
Most correlated with SGRT
| Symbol | Company | Correlation |
|---|---|---|
| AMOM | Qraft AI-Enhanced US Large Cap Momentum ETF | 0.92 |
| STRN | SMART Trend 25 ETFSERVICES-ADVERTISING AGENCIES | 0.92 |
| FWD | AB Disruptors ETF | 0.92 |
| PDP | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Momentum ETF | 0.92 |
| CNAV | Mohr Company Nav ETF | 0.92 |
Most inversely correlated with SGRT
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.89 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.86 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.84 |
| REW | Proshares UltraShort Technology | -0.84 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.84 |
Frequently asked questions about SGRT correlations
- Which stocks are most correlated with SGRT?
- Based on one year of daily returns, the stocks most correlated with SMART Earnings Growth 30 ETF (SGRT) are AMOM (0.92), STRN (0.92) and FWD (0.92). 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 SGRT?
- Over the past year, the stocks most inversely correlated with SMART Earnings Growth 30 ETF (SGRT) are SOXS (-0.89), TSXD (-0.86) and HIBS (-0.84). 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 SGRT correlations calculated?
- We compute the correlation of daily returns between SGRT 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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