GraniteShares 2x Long SMCI Daily ETF (SMCL) — Stock Correlations & Overview
Over the past year, SMCL has moved most closely with SMCX, SMCI, SMCY. Explore the stocks most correlated and inversely correlated with SMCL below, along with its price, financials, and company profile.
Stocks correlated with SMCL
Correlation of daily returns. Higher positive values move with SMCL; negative values move opposite it. Informational only, not investment advice.
Most correlated with SMCL
| Symbol | Company | Correlation |
|---|---|---|
| SMCX | Defiance Daily Target 2X Long SMCI ETF | 1.00 |
| SMCI | Super Micro Computer, Inc. Common StockELECTRONIC COMPUTERS | 0.99 |
| SMCY | YieldMax SMCI Option Income Strategy ETF | 0.98 |
| SMYY | GraniteShares YieldBOOST SMCI ETF | 0.61 |
| NXTG | First Trust Indxx NextG ETF | 0.60 |
Most inversely correlated with SMCL
| Symbol | Company | Correlation |
|---|---|---|
| SMCZ | Defiance Daily Target 2X Short SMCI ETF | -0.92 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.54 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.54 |
| REW | Proshares UltraShort Technology | -0.54 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.52 |
Frequently asked questions about SMCL correlations
- Which stocks are most correlated with SMCL?
- Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long SMCI Daily ETF (SMCL) are SMCX (1.00), SMCI (0.99) and SMCY (0.98). 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 SMCL?
- Over the past year, the stocks most inversely correlated with GraniteShares 2x Long SMCI Daily ETF (SMCL) are SMCZ (-0.92), HIBS (-0.54) and TECS (-0.54). 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 SMCL correlations calculated?
- We compute the correlation of daily returns between SMCL 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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