Which stocks are most correlated with SIXS?

Based on one year of daily returns, the stocks most correlated with ETC 6 Meridian Small Cap Equity ETF (SIXS) are SMLV (0.88), XSLV (0.87) and FYT (0.86). 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 SIXS?

Over the past year, the stocks most inversely correlated with ETC 6 Meridian Small Cap Equity ETF (SIXS) are SDD (-0.73), SBB (-0.72) and SKRE (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.

ETC 6 Meridian Small Cap Equity ETF (SIXS) — Stock Correlations & Overview

Over the past year, SIXS has moved most closely with SMLV, XSLV, FYT. Explore the stocks most correlated and inversely correlated with SIXS below, along with its price, financials, and company profile.

Stocks correlated with SIXS

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

Most correlated with SIXS

Symbol	Company	Correlation
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.88
XSLV	Invesco S&P SmallCap Low Volatility ETF	0.87
FYT	First Trust Small Cap Value AlphaDEX Fund	0.86
ROSC	Hartford Multifactor Small Cap ETF	0.86
SQLV	Royce Quant Small-Cap Quality Value ETF	0.85

Most inversely correlated with SIXS

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.73
SBB	ProShares Short SmallCap600	-0.72
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.70
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.67
EMTY	ProShares Decline of the Retail Store ETF	-0.65

Frequently asked questions about SIXS correlations

Which stocks are most correlated with SIXS?: Based on one year of daily returns, the stocks most correlated with ETC 6 Meridian Small Cap Equity ETF (SIXS) are SMLV (0.88), XSLV (0.87) and FYT (0.86). 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 SIXS?: Over the past year, the stocks most inversely correlated with ETC 6 Meridian Small Cap Equity ETF (SIXS) are SDD (-0.73), SBB (-0.72) and SKRE (-0.70). 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 SIXS correlations calculated?: We compute the correlation of daily returns between SIXS 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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