State Street Corporation (STT) — Stock Correlations & Overview
Over the past year, STT has moved most closely with NTRS, KBWB, BNKU. Explore the stocks most correlated and inversely correlated with STT below, along with its price, financials, and company profile.
Stocks correlated with STT
Correlation of daily returns. Higher positive values move with STT; negative values move opposite it. Informational only, not investment advice.
Most correlated with STT
| Symbol | Company | Correlation |
|---|---|---|
| NTRS | Northern Trust CorpSTATE COMMERCIAL BANKS | 0.77 |
| KBWB | Invesco KBW Bank ETFINVESTMENT ADVICE | 0.76 |
| BNKU | MicroSectors U.S. Big Banks 3x Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | 0.76 |
| PFI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Financial Momentum ETF | 0.72 |
| IYF | iShares U.S. Financials ETF | 0.70 |
Most inversely correlated with STT
| Symbol | Company | Correlation |
|---|---|---|
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.76 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.65 |
| SKF | ProShares UltraShort Financials | -0.65 |
| SEF | ProShares Short Financials | -0.64 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.61 |
Frequently asked questions about STT correlations
- Which stocks are most correlated with STT?
- Based on one year of daily returns, the stocks most correlated with State Street Corporation (STT) are NTRS (0.77), KBWB (0.76) and BNKU (0.76). 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 STT?
- Over the past year, the stocks most inversely correlated with State Street Corporation (STT) are BNKD (-0.76), FAZ (-0.65) and SKF (-0.65). 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 STT correlations calculated?
- We compute the correlation of daily returns between STT 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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