Which stocks are most correlated with SMOM?

Based on one year of daily returns, the stocks most correlated with Symmetry Panoramic Sector Momentum ETF (SMOM) are AVLC (0.90), DSPY (0.89) and AVUS (0.89). 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 SMOM?

Over the past year, the stocks most inversely correlated with Symmetry Panoramic Sector Momentum ETF (SMOM) are SPXS (-0.87), SPDN (-0.86) and SPXU (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

Symmetry Panoramic Sector Momentum ETF (SMOM) — Stock Correlations & Overview

Over the past year, SMOM has moved most closely with AVLC, DSPY, AVUS. Explore the stocks most correlated and inversely correlated with SMOM below, along with its price, financials, and company profile.

Stocks correlated with SMOM

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

Most correlated with SMOM

Symbol	Company	Correlation
AVLC	Avantis U.S. Large Cap Equity ETF	0.90
DSPY	Tema S&P 500 Historical Weight ETF Strategy	0.89
AVUS	Avantis U.S. Equity ETF	0.89
DUKQ	Ocean Park Domestic ETF	0.89
SECT	Main Sector Rotation ETF	0.89

Most inversely correlated with SMOM

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.87
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.86
SPXU	ProShares UltraPro Short S&P 500	-0.86
SDS	ProShares UltraShort S&P500	-0.86
SH	ProShares Short S&P500	-0.86

Frequently asked questions about SMOM correlations

Which stocks are most correlated with SMOM?: Based on one year of daily returns, the stocks most correlated with Symmetry Panoramic Sector Momentum ETF (SMOM) are AVLC (0.90), DSPY (0.89) and AVUS (0.89). 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 SMOM?: Over the past year, the stocks most inversely correlated with Symmetry Panoramic Sector Momentum ETF (SMOM) are SPXS (-0.87), SPDN (-0.86) and SPXU (-0.86). 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 SMOM correlations calculated?: We compute the correlation of daily returns between SMOM 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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