Which stocks are most correlated with SPMO?

Based on one year of daily returns, the stocks most correlated with Invesco S&P 500 Momentum ETF (SPMO) are MTUM (0.97), AMOM (0.94) and PWB (0.94). 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 SPMO?

Over the past year, the stocks most inversely correlated with Invesco S&P 500 Momentum ETF (SPMO) are SOXS (-0.91), REW (-0.90) and TECS (-0.90). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco S&P 500 Momentum ETF (SPMO) — Stock Correlations & Overview

Over the past year, SPMO has moved most closely with MTUM, AMOM, PWB. Explore the stocks most correlated and inversely correlated with SPMO below, along with its price, financials, and company profile.

Stocks correlated with SPMO

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

Most correlated with SPMO

Symbol	Company	Correlation
MTUM	iShares MSCI USA Momentum Factor ETF	0.97
AMOM	Qraft AI-Enhanced US Large Cap Momentum ETF	0.94
PWB	Invesco Large Cap Growth ETF	0.94
DWUS	AdvisorShares Dorsey Wright FSM US Core ETF	0.94
BAI	iShares A.I. Innovation and Tech Active ETF	0.93

Most inversely correlated with SPMO

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.91
REW	Proshares UltraShort Technology	-0.90
TECS	Direxion Daily Technology Bear 3x ETF	-0.90
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.90
SQQQ	ProShares UltraPro Short QQQ	-0.90

Frequently asked questions about SPMO correlations

Which stocks are most correlated with SPMO?: Based on one year of daily returns, the stocks most correlated with Invesco S&P 500 Momentum ETF (SPMO) are MTUM (0.97), AMOM (0.94) and PWB (0.94). 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 SPMO?: Over the past year, the stocks most inversely correlated with Invesco S&P 500 Momentum ETF (SPMO) are SOXS (-0.91), REW (-0.90) and TECS (-0.90). 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 SPMO correlations calculated?: We compute the correlation of daily returns between SPMO 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.