Which stocks are most correlated with TECS?

Based on one year of daily returns, the stocks most correlated with Direxion Daily Technology Bear 3x ETF (TECS) are REW (1.00), SQQQ (0.95) and QID (0.95). 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 TECS?

Over the past year, the stocks most inversely correlated with Direxion Daily Technology Bear 3x ETF (TECS) are XLK (-1.00), ROM (-1.00) and TECL (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Daily Technology Bear 3x ETF (TECS) — Stock Correlations & Overview

Over the past year, TECS has moved most closely with REW, SQQQ, QID. Explore the stocks most correlated and inversely correlated with TECS below, along with its price, financials, and company profile.

Stocks correlated with TECS

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

Most correlated with TECS

Symbol	Company	Correlation
REW	Proshares UltraShort Technology	1.00
SQQQ	ProShares UltraPro Short QQQ	0.95
QID	ProShares UltraShort QQQ	0.95
PSQ	ProShares Short QQQ	0.95
SSG	ProShares UltraShort Semiconductors	0.93

Most inversely correlated with TECS

Symbol	Company	Correlation
XLK	State Street Technology Select Sector SPDR ETF	-1.00
ROM	ProShares Ultra Technology	-1.00
TECL	Direxion Daily Technology Bull 3x ETF	-0.99
FTEC	Fidelity MSCI Information Technology Index ETF	-0.99
VGT	Vanguard Information Technology ETF	-0.99

Frequently asked questions about TECS correlations

Which stocks are most correlated with TECS?: Based on one year of daily returns, the stocks most correlated with Direxion Daily Technology Bear 3x ETF (TECS) are REW (1.00), SQQQ (0.95) and QID (0.95). 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 TECS?: Over the past year, the stocks most inversely correlated with Direxion Daily Technology Bear 3x ETF (TECS) are XLK (-1.00), ROM (-1.00) and TECL (-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 TECS correlations calculated?: We compute the correlation of daily returns between TECS 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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