ProShares Short VIX Short-Term Futures ETF (SVXY) — Stock Correlations & Overview
Over the past year, SVXY has moved most closely with SVIX, VYLD, XTOC. Explore the stocks most correlated and inversely correlated with SVXY below, along with its price, financials, and company profile.
Stocks correlated with SVXY
Correlation of daily returns. Higher positive values move with SVXY; negative values move opposite it. Informational only, not investment advice.
Most correlated with SVXY
| Symbol | Company | Correlation |
|---|---|---|
| SVIX | -1x Short VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| VYLD | Inverse VIX Short-Term Futures ETNs due March 22, 2045NATIONAL COMMERCIAL BANKS | 0.98 |
| XTOC | Innovator U.S. Equity Accelerated Plus ETF - October | 0.86 |
| BUFR | FT Vest Laddered Buffer ETF | 0.86 |
| DLAG | FT Vest U.S. Equity Dual Directional Buffer ETF - August | 0.86 |
Most inversely correlated with SVXY
| Symbol | Company | Correlation |
|---|---|---|
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.99 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.89 |
Frequently asked questions about SVXY correlations
- Which stocks are most correlated with SVXY?
- Based on one year of daily returns, the stocks most correlated with ProShares Short VIX Short-Term Futures ETF (SVXY) are SVIX (0.99), VYLD (0.98) and XTOC (0.86). 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 SVXY?
- Over the past year, the stocks most inversely correlated with ProShares Short VIX Short-Term Futures ETF (SVXY) are UVXY (-0.99), VIXY (-0.99) and VXX (-0.99). 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 SVXY correlations calculated?
- We compute the correlation of daily returns between SVXY 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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