SSGA Active Trust State Street Galaxy Transformative Tech Accelerators ETF (TEKX) — Stock Correlations & Overview
Over the past year, TEKX has moved most closely with DECO, HECO, NODE. Explore the stocks most correlated and inversely correlated with TEKX below, along with its price, financials, and company profile.
Stocks correlated with TEKX
Correlation of daily returns. Higher positive values move with TEKX; negative values move opposite it. Informational only, not investment advice.
Most correlated with TEKX
| Symbol | Company | Correlation |
|---|---|---|
| DECO | SSGA Active Trust State Street Galaxy Digital Asset Ecosystem ETF | 0.98 |
| HECO | SSGA Active Trust State Street Galaxy Hedged Digital Asset Ecosystem ETF | 0.98 |
| NODE | VanEck Onchain Economy ETF | 0.92 |
| MNRS | Grayscale Bitcoin Miners ETF | 0.91 |
| WGMI | CoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF | 0.91 |
Most inversely correlated with TEKX
| Symbol | Company | Correlation |
|---|---|---|
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.79 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.77 |
| REW | Proshares UltraShort Technology | -0.77 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.77 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.76 |
Frequently asked questions about TEKX correlations
- Which stocks are most correlated with TEKX?
- Based on one year of daily returns, the stocks most correlated with SSGA Active Trust State Street Galaxy Transformative Tech Accelerators ETF (TEKX) are DECO (0.98), HECO (0.98) and NODE (0.92). 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 TEKX?
- Over the past year, the stocks most inversely correlated with SSGA Active Trust State Street Galaxy Transformative Tech Accelerators ETF (TEKX) are TSXD (-0.79), TECS (-0.77) and REW (-0.77). 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 TEKX correlations calculated?
- We compute the correlation of daily returns between TEKX 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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