Which stocks are most correlated with SKRE?

Based on one year of daily returns, the stocks most correlated with Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) are SDD (0.73), SBB (0.72) and FAZ (0.69). 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 SKRE?

Over the past year, the stocks most inversely correlated with Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) are KRE (-1.00), DPST (-0.99) and KBE (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.

Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) — Stock Correlations & Overview

Over the past year, SKRE has moved most closely with SDD, SBB, FAZ. Explore the stocks most correlated and inversely correlated with SKRE below, along with its price, financials, and company profile.

Stocks correlated with SKRE

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

Most correlated with SKRE

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	0.73
SBB	ProShares Short SmallCap600	0.72
FAZ	Direxion Daily Financial Bear 3x ETF	0.69
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	0.69
SEF	ProShares Short Financials	0.69

Most inversely correlated with SKRE

Symbol	Company	Correlation
KRE	State Street SPDR S&P Regional Banking ETF	-1.00
DPST	Direxion Daily Regional Banks Bull 3X ETF	-0.99
KBE	State Street SPDR S&P Bank ETF	-0.99
QABA	First Trust NASDAQ ABA Community Bank Index Fund	-0.98
IAT	iShares U.S. Regional Banks ETF	-0.95

Frequently asked questions about SKRE correlations

Which stocks are most correlated with SKRE?: Based on one year of daily returns, the stocks most correlated with Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) are SDD (0.73), SBB (0.72) and FAZ (0.69). 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 SKRE?: Over the past year, the stocks most inversely correlated with Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) are KRE (-1.00), DPST (-0.99) and KBE (-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 SKRE correlations calculated?: We compute the correlation of daily returns between SKRE 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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