Which stocks are most correlated with SMCZ?

Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2X Short SMCI ETF (SMCZ) are TECS (0.56), REW (0.55) and HIBS (0.55). 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 SMCZ?

Over the past year, the stocks most inversely correlated with Defiance Daily Target 2X Short SMCI ETF (SMCZ) are SMCI (-0.96), SMCY (-0.93) and SMCL (-0.92). A negative correlation means the two stocks have tended to move in opposite directions.

Defiance Daily Target 2X Short SMCI ETF (SMCZ) — Stock Correlations & Overview

Over the past year, SMCZ has moved most closely with TECS, REW, HIBS. Explore the stocks most correlated and inversely correlated with SMCZ below, along with its price, financials, and company profile.

Stocks correlated with SMCZ

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

Most correlated with SMCZ

Symbol	Company	Correlation
TECS	Direxion Daily Technology Bear 3x ETF	0.56
REW	Proshares UltraShort Technology	0.55
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	0.55
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	0.55
SSG	ProShares UltraShort Semiconductors	0.54

Most inversely correlated with SMCZ

Symbol	Company	Correlation
SMCI	Super Micro Computer, Inc. Common StockELECTRONIC COMPUTERS	-0.96
SMCY	YieldMax SMCI Option Income Strategy ETF	-0.93
SMCL	GraniteShares 2x Long SMCI Daily ETF	-0.92
SMCX	Defiance Daily Target 2X Long SMCI ETF	-0.92
SMYY	GraniteShares YieldBOOST SMCI ETF	-0.64

Frequently asked questions about SMCZ correlations

Which stocks are most correlated with SMCZ?: Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2X Short SMCI ETF (SMCZ) are TECS (0.56), REW (0.55) and HIBS (0.55). 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 SMCZ?: Over the past year, the stocks most inversely correlated with Defiance Daily Target 2X Short SMCI ETF (SMCZ) are SMCI (-0.96), SMCY (-0.93) and SMCL (-0.92). 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 SMCZ correlations calculated?: We compute the correlation of daily returns between SMCZ 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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