Which stocks are most correlated with SPUS?

Based on one year of daily returns, the stocks most correlated with SP Funds S&P 500 Sharia ETF (SPUS) are SFY (0.98), ILCG (0.97) and IUSG (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 SPUS?

Over the past year, the stocks most inversely correlated with SP Funds S&P 500 Sharia ETF (SPUS) are QID (-0.95), SQQQ (-0.95) and SPXS (-0.95). A negative correlation means the two stocks have tended to move in opposite directions.

SP Funds S&P 500 Sharia ETF (SPUS) — Stock Correlations & Overview

Over the past year, SPUS has moved most closely with SFY, ILCG, IUSG. Explore the stocks most correlated and inversely correlated with SPUS below, along with its price, financials, and company profile.

Stocks correlated with SPUS

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

Most correlated with SPUS

Symbol	Company	Correlation
SFY	SoFi Select 500 ETF	0.98
ILCG	iShares Morningstar Growth ETF	0.97
IUSG	iShares Core S&P U.S. Growth ETF	0.97
IVW	iShares S&P 500 Growth ETF	0.97
VOOG	Vanguard S&P 500 Growth ETF	0.97

Most inversely correlated with SPUS

Symbol	Company	Correlation
QID	ProShares UltraShort QQQ	-0.95
SQQQ	ProShares UltraPro Short QQQ	-0.95
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.95
SPXU	ProShares UltraPro Short S&P 500	-0.95
PSQ	ProShares Short QQQ	-0.95

Frequently asked questions about SPUS correlations

Which stocks are most correlated with SPUS?: Based on one year of daily returns, the stocks most correlated with SP Funds S&P 500 Sharia ETF (SPUS) are SFY (0.98), ILCG (0.97) and IUSG (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 SPUS?: Over the past year, the stocks most inversely correlated with SP Funds S&P 500 Sharia ETF (SPUS) are QID (-0.95), SQQQ (-0.95) and SPXS (-0.95). 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 SPUS correlations calculated?: We compute the correlation of daily returns between SPUS 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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