Which stocks are most correlated with SPBX?

Based on one year of daily returns, the stocks most correlated with AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) are BFLB (0.97), FDEC (0.97) and OCTT (0.97). 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 SPBX?

Over the past year, the stocks most inversely correlated with AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) are SPXS (-0.94), SPXU (-0.94) and SPDN (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.

AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) — Stock Correlations & Overview

Over the past year, SPBX has moved most closely with BFLB, FDEC, OCTT. Explore the stocks most correlated and inversely correlated with SPBX below, along with its price, financials, and company profile.

Stocks correlated with SPBX

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

Most correlated with SPBX

Symbol	Company	Correlation
BFLB	BufferLABS US Equity Dynamic Buffer ETF	0.97
FDEC	FT Vest U.S. Equity Buffer ETF - December	0.97
OCTT	AllianzIM U.S. Equity Buffer10 Oct ETF	0.97
STEN	iShares Large Cap 10% Target Buffer Sep ETF	0.96
NVBT	AllianzIM U.S. Equity Buffer10 Nov ETF	0.96

Most inversely correlated with SPBX

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.94
SPXU	ProShares UltraPro Short S&P 500	-0.94
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.94
SDS	ProShares UltraShort S&P500	-0.94
SH	ProShares Short S&P500	-0.94

Frequently asked questions about SPBX correlations

Which stocks are most correlated with SPBX?: Based on one year of daily returns, the stocks most correlated with AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) are BFLB (0.97), FDEC (0.97) and OCTT (0.97). 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 SPBX?: Over the past year, the stocks most inversely correlated with AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) are SPXS (-0.94), SPXU (-0.94) and SPDN (-0.94). 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 SPBX correlations calculated?: We compute the correlation of daily returns between SPBX 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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