YieldMax Ultra Short Option Income Strategy ETF (SLTY) — Stock Correlations & Overview
Over the past year, SLTY has moved most closely with RWM, SRTY, TWM. Explore the stocks most correlated and inversely correlated with SLTY below, along with its price, financials, and company profile.
Stocks correlated with SLTY
Correlation of daily returns. Higher positive values move with SLTY; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLTY
| Symbol | Company | Correlation |
|---|---|---|
| RWM | ProShares Short Russell2000 | 0.57 |
| SRTY | ProShares UltraPro Short Russell2000 | 0.57 |
| TWM | ProShares UltraShort Russell2000 | 0.56 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | 0.56 |
| SH | ProShares Short S&P500 | 0.55 |
Most inversely correlated with SLTY
| Symbol | Company | Correlation |
|---|---|---|
| MVFG | Monarch Volume Factor Global Unconstrained Index ETF | -0.63 |
| GINN | Goldman Sachs Innovate Equity ETF | -0.62 |
| ANEW | ProShares MSCI Transformational Changes ETF | -0.59 |
| KAUG | Innovator US Small Cap Power Buffer ETF - August | -0.58 |
| ISCB | iShares Morningstar Small-Cap ETF | -0.58 |
Frequently asked questions about SLTY correlations
- Which stocks are most correlated with SLTY?
- Based on one year of daily returns, the stocks most correlated with YieldMax Ultra Short Option Income Strategy ETF (SLTY) are RWM (0.57), SRTY (0.57) and TWM (0.56). 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 SLTY?
- Over the past year, the stocks most inversely correlated with YieldMax Ultra Short Option Income Strategy ETF (SLTY) are MVFG (-0.63), GINN (-0.62) and ANEW (-0.59). 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 SLTY correlations calculated?
- We compute the correlation of daily returns between SLTY 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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