Which stocks are most correlated with STNC?

Based on one year of daily returns, the stocks most correlated with Hennessy Funds Trust Hennessy Sustainable ETF (STNC) are MFUS (0.90), FEX (0.90) and SCHV (0.89). 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 STNC?

Over the past year, the stocks most inversely correlated with Hennessy Funds Trust Hennessy Sustainable ETF (STNC) are SMDD (-0.83), MZZ (-0.83) and MYY (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

Hennessy Funds Trust Hennessy Sustainable ETF (STNC) — Stock Correlations & Overview

Over the past year, STNC has moved most closely with MFUS, FEX, SCHV. Explore the stocks most correlated and inversely correlated with STNC below, along with its price, financials, and company profile.

Stocks correlated with STNC

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

Most correlated with STNC

Symbol	Company	Correlation
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	0.90
FEX	First Trust Large Cap Core AlphaDEX Fund	0.90
SCHV	Schwab U.S. Large-Cap Value ETF	0.89
ONEO	State Street SPDR Russell 1000 Momentum Focus ETF	0.87
YOKE	YOKE Core ETF	0.86

Most inversely correlated with STNC

Symbol	Company	Correlation
SMDD	ProShares UltraPro Short MidCap400	-0.83
MZZ	ProShares UltraShort MidCap400	-0.83
MYY	ProShares Short MidCap400	-0.83
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.79
SRTY	ProShares UltraPro Short Russell2000	-0.79

Frequently asked questions about STNC correlations

Which stocks are most correlated with STNC?: Based on one year of daily returns, the stocks most correlated with Hennessy Funds Trust Hennessy Sustainable ETF (STNC) are MFUS (0.90), FEX (0.90) and SCHV (0.89). 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 STNC?: Over the past year, the stocks most inversely correlated with Hennessy Funds Trust Hennessy Sustainable ETF (STNC) are SMDD (-0.83), MZZ (-0.83) and MYY (-0.83). 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 STNC correlations calculated?: We compute the correlation of daily returns between STNC 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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