21Shares FTSE Crypto 10 Index ETF (TTOP) — Stock Correlations & Overview
Over the past year, TTOP has moved most closely with GDLC, EZPZ, NCIQ. Explore the stocks most correlated and inversely correlated with TTOP below, along with its price, financials, and company profile.
Stocks correlated with TTOP
Correlation of daily returns. Higher positive values move with TTOP; negative values move opposite it. Informational only, not investment advice.
Most correlated with TTOP
| Symbol | Company | Correlation |
|---|---|---|
| GDLC | Grayscale CoinDesk Crypto 5 ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| EZPZ | Franklin Crypto Index ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| NCIQ | Hashdex Nasdaq CME Crypto Index ETF Shares of Beneficial InterestCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| ARKB | ARK 21Shares Bitcoin ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| GBTC | Grayscale Bitcoin Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
Frequently asked questions about TTOP correlations
- Which stocks are most correlated with TTOP?
- Based on one year of daily returns, the stocks most correlated with 21Shares FTSE Crypto 10 Index ETF (TTOP) are GDLC (1.00), EZPZ (0.99) and NCIQ (0.99). 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 TTOP?
- Over the past year, the stocks most inversely correlated with 21Shares FTSE Crypto 10 Index ETF (TTOP) are BTCZ (-0.99), SBIT (-0.99) and BITI (-0.97). 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 TTOP correlations calculated?
- We compute the correlation of daily returns between TTOP 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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