Which stocks are most correlated with TSXD?

Based on one year of daily returns, the stocks most correlated with Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) are SSG (0.94), SOXS (0.93) and TECS (0.91). 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 TSXD?

Over the past year, the stocks most inversely correlated with Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) are TSXU (-0.98), SHOC (-0.94) and SMH (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) — Stock Correlations & Overview

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

Stocks correlated with TSXD

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

Most correlated with TSXD

Symbol	Company	Correlation
SSG	ProShares UltraShort Semiconductors	0.94
SOXS	Direxion Daily Semiconductor Bear 3X ETF	0.93
TECS	Direxion Daily Technology Bear 3x ETF	0.91
REW	Proshares UltraShort Technology	0.91
SQQQ	ProShares UltraPro Short QQQ	0.87

Most inversely correlated with TSXD

Symbol	Company	Correlation
TSXU	Direxion Daily Semiconductors Top 5 Bull 2X ETF	-0.98
SHOC	Strive U.S. Semiconductor ETF	-0.94
SMH	VanEck Semiconductor ETF	-0.94
CHPX	Global X AI Semiconductor & Quantum ETF	-0.94
USD	ProShares Ultra Semiconductors	-0.93

Frequently asked questions about TSXD correlations

Which stocks are most correlated with TSXD?: Based on one year of daily returns, the stocks most correlated with Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) are SSG (0.94), SOXS (0.93) and TECS (0.91). 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 TSXD?: Over the past year, the stocks most inversely correlated with Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) are TSXU (-0.98), SHOC (-0.94) and SMH (-0.94). 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 TSXD correlations calculated?: We compute the correlation of daily returns between TSXD 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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