Which stocks are most correlated with SPB?

Based on one year of daily returns, the stocks most correlated with Spectrum Brands Holdings, Inc. (SPB) are PSCD (0.57), SMDV (0.55) and DGRS (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 SPB?

Over the past year, the stocks most inversely correlated with Spectrum Brands Holdings, Inc. (SPB) are SBB (-0.47), SDD (-0.47) and EMTY (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Spectrum Brands Holdings, Inc. (SPB) — Stock Correlations & Overview

Over the past year, SPB has moved most closely with PSCD, SMDV, DGRS. Explore the stocks most correlated and inversely correlated with SPB below, along with its price, financials, and company profile.

Stocks correlated with SPB

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

Most correlated with SPB

Symbol	Company	Correlation
PSCD	Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE	0.57
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.55
DGRS	WisdomTree Trust WisdomTree U.S. SmallCap Quality Dividend Growth Fund	0.55
HOMZ	Hoya Capital Housing ETF	0.54
XHB	State Street SPDR S&P Homebuilders ETF	0.54

Most inversely correlated with SPB

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.47
SDD	ProShares UltraShort SmallCap600	-0.47
EMTY	ProShares Decline of the Retail Store ETF	-0.45
MYY	ProShares Short MidCap400	-0.45
MZZ	ProShares UltraShort MidCap400	-0.45

Frequently asked questions about SPB correlations

Which stocks are most correlated with SPB?: Based on one year of daily returns, the stocks most correlated with Spectrum Brands Holdings, Inc. (SPB) are PSCD (0.57), SMDV (0.55) and DGRS (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 SPB?: Over the past year, the stocks most inversely correlated with Spectrum Brands Holdings, Inc. (SPB) are SBB (-0.47), SDD (-0.47) and EMTY (-0.45). 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 SPB correlations calculated?: We compute the correlation of daily returns between SPB 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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