21Shares 2x Long Sui ETF (TXXS) — Stock Correlations & Overview
Over the past year, TXXS has moved most closely with GLNK, TXBC, TXXD. Explore the stocks most correlated and inversely correlated with TXXS below, along with its price, financials, and company profile.
Stocks correlated with TXXS
Correlation of daily returns. Higher positive values move with TXXS; negative values move opposite it. Informational only, not investment advice.
Most correlated with TXXS
| Symbol | Company | Correlation |
|---|---|---|
| GLNK | Grayscale Chainlink Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.85 |
| TXBC | 21Shares FTSE Crypto 10 ex-BTC Index ETF | 0.84 |
| TXXD | 21Shares 2x Long Dogecoin ETF | 0.83 |
| GDOG | Grayscale Dogecoin Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.83 |
| DOJE | REX-Osprey DOGE ETF | 0.83 |
Frequently asked questions about TXXS correlations
- Which stocks are most correlated with TXXS?
- Based on one year of daily returns, the stocks most correlated with 21Shares 2x Long Sui ETF (TXXS) are GLNK (0.85), TXBC (0.84) and TXXD (0.83). 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 TXXS?
- Over the past year, the stocks most inversely correlated with 21Shares 2x Long Sui ETF (TXXS) are BTCZ (-0.80), SBIT (-0.79) and BITI (-0.78). 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 TXXS correlations calculated?
- We compute the correlation of daily returns between TXXS 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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