SoFi Enhanced Yield ETF (THTA) — Stock Correlations & Overview
Over the past year, THTA has moved most closely with SVXY, SVIX, TWOX. Explore the stocks most correlated and inversely correlated with THTA below, along with its price, financials, and company profile.
Stocks correlated with THTA
Correlation of daily returns. Higher positive values move with THTA; negative values move opposite it. Informational only, not investment advice.
Most correlated with THTA
| Symbol | Company | Correlation |
|---|---|---|
| SVXY | ProShares Short VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.59 |
| SVIX | -1x Short VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.58 |
| TWOX | iShares Large Cap Accelerated Outcome ETF | 0.58 |
| XDSQ | Innovator U.S. Equity Accelerated ETF - Quarterly | 0.58 |
| SIXO | AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF | 0.58 |
Most inversely correlated with THTA
| Symbol | Company | Correlation |
|---|---|---|
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.59 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.59 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.58 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.58 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.51 |
Frequently asked questions about THTA correlations
- Which stocks are most correlated with THTA?
- Based on one year of daily returns, the stocks most correlated with SoFi Enhanced Yield ETF (THTA) are SVXY (0.59), SVIX (0.58) and TWOX (0.58). 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 THTA?
- Over the past year, the stocks most inversely correlated with SoFi Enhanced Yield ETF (THTA) are UVIX (-0.59), VXX (-0.59) and VIXY (-0.58). 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 THTA correlations calculated?
- We compute the correlation of daily returns between THTA 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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