Global X Funds Global X Social Media ETF (SOCL) — Stock Correlations & Overview
Over the past year, SOCL has moved most closely with FDNI, ISHP, OND. Explore the stocks most correlated and inversely correlated with SOCL below, along with its price, financials, and company profile.
Stocks correlated with SOCL
Correlation of daily returns. Higher positive values move with SOCL; negative values move opposite it. Informational only, not investment advice.
Most correlated with SOCL
| Symbol | Company | Correlation |
|---|---|---|
| FDNI | First Trust Dow Jones International Internet ETF | 0.85 |
| ISHP | First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF | 0.83 |
| OND | ProShares On-Demand ETF | 0.82 |
| FDCF | Fidelity Disruptive Communications ETF | 0.82 |
| EMQQ | EMQQ The Emerging Markets Internet ETF | 0.80 |
Most inversely correlated with SOCL
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.70 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.69 |
| SDS | ProShares UltraShort S&P500 | -0.69 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.68 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.68 |
Frequently asked questions about SOCL correlations
- Which stocks are most correlated with SOCL?
- Based on one year of daily returns, the stocks most correlated with Global X Funds Global X Social Media ETF (SOCL) are FDNI (0.85), ISHP (0.83) and OND (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 SOCL?
- Over the past year, the stocks most inversely correlated with Global X Funds Global X Social Media ETF (SOCL) are WEBS (-0.70), FNGD (-0.69) and SDS (-0.69). 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 SOCL correlations calculated?
- We compute the correlation of daily returns between SOCL 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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