Lazard Equity Megatrends ETF (THMZ) — Stock Correlations & Overview
Over the past year, THMZ has moved most closely with SROI, VT, ACWI. Explore the stocks most correlated and inversely correlated with THMZ below, along with its price, financials, and company profile.
Stocks correlated with THMZ
Correlation of daily returns. Higher positive values move with THMZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with THMZ
| Symbol | Company | Correlation |
|---|---|---|
| SROI | Calamos Antetokounmpo Global Sustainable Equities ETF | 0.96 |
| VT | Vanguard Total World Stock ETF | 0.95 |
| ACWI | iShares MSCI ACWI ETF | 0.95 |
| NZAC | SPDR Index Shares Fund State Street SPDR MSCI ACWI Climate Paris Aligned ETF | 0.94 |
| ITDJ | iShares LifePath Target Date 2070 ETF | 0.94 |
Frequently asked questions about THMZ correlations
- Which stocks are most correlated with THMZ?
- Based on one year of daily returns, the stocks most correlated with Lazard Equity Megatrends ETF (THMZ) are SROI (0.96), VT (0.95) and ACWI (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 THMZ?
- Over the past year, the stocks most inversely correlated with Lazard Equity Megatrends ETF (THMZ) are SPXU (-0.92), SPXS (-0.92) and SDS (-0.92). 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 THMZ correlations calculated?
- We compute the correlation of daily returns between THMZ 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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