Which stocks are most correlated with UBOT?

Based on one year of daily returns, the stocks most correlated with Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT) are BOTZ (1.00), ROBO (0.94) and FBOT (0.92). 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 UBOT?

Over the past year, the stocks most inversely correlated with Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT) are SQQQ (-0.82), QID (-0.82) and PSQ (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT) — Stock Correlations & Overview

Over the past year, UBOT has moved most closely with BOTZ, ROBO, FBOT. Explore the stocks most correlated and inversely correlated with UBOT below, along with its price, financials, and company profile.

Stocks correlated with UBOT

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

Most correlated with UBOT

Symbol	Company	Correlation
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	1.00
ROBO	ROBO Global Robotics & Automation Index ETF	0.94
FBOT	Fidelity Disruptive Automation ETF	0.92
IBOT	VanEck Robotics ETF	0.91
HUMN	Roundhill Humanoid Robotics ETF	0.89

Most inversely correlated with UBOT

Symbol	Company	Correlation
SQQQ	ProShares UltraPro Short QQQ	-0.82
QID	ProShares UltraShort QQQ	-0.82
PSQ	ProShares Short QQQ	-0.82
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.82
SPXU	ProShares UltraPro Short S&P 500	-0.82

Frequently asked questions about UBOT correlations

Which stocks are most correlated with UBOT?: Based on one year of daily returns, the stocks most correlated with Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT) are BOTZ (1.00), ROBO (0.94) and FBOT (0.92). 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 UBOT?: Over the past year, the stocks most inversely correlated with Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT) are SQQQ (-0.82), QID (-0.82) and PSQ (-0.82). 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 UBOT correlations calculated?: We compute the correlation of daily returns between UBOT 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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