T-REX 2X Long SMR Daily Target ETF (SMUP) — Stock Correlations & Overview
Over the past year, SMUP has moved most closely with SMU, SMR, OKLL. Explore the stocks most correlated and inversely correlated with SMUP below, along with its price, financials, and company profile.
Stocks correlated with SMUP
Correlation of daily returns. Higher positive values move with SMUP; negative values move opposite it. Informational only, not investment advice.
Most correlated with SMUP
| Symbol | Company | Correlation |
|---|---|---|
| SMU | Tradr 2X Long SMR Daily ETF | 0.99 |
| SMR | NuScale Power CorporationFABRICATED PLATE WORK (BOILER SHOPS) | 0.99 |
| OKLL | Defiance Daily Target 2x Long OKLO ETF | 0.82 |
| OKLO | Oklo Inc.ELECTRIC SERVICES | 0.82 |
| NLR | VanEck Uranium and Nuclear ETF | 0.80 |
Most inversely correlated with SMUP
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.68 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.68 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.67 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.61 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.61 |
Frequently asked questions about SMUP correlations
- Which stocks are most correlated with SMUP?
- Based on one year of daily returns, the stocks most correlated with T-REX 2X Long SMR Daily Target ETF (SMUP) are SMU (0.99), SMR (0.99) and OKLL (0.82). 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 SMUP?
- Over the past year, the stocks most inversely correlated with T-REX 2X Long SMR Daily Target ETF (SMUP) are RGTZ (-0.68), SARK (-0.68) and QBTZ (-0.67). 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 SMUP correlations calculated?
- We compute the correlation of daily returns between SMUP 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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