Tradr 2X Long U Daily ETF (UNX) — Stock Correlations & Overview
Over the past year, UNX has moved most closely with U, BNGE, BUYZ. Explore the stocks most correlated and inversely correlated with UNX below, along with its price, financials, and company profile.
Stocks correlated with UNX
Correlation of daily returns. Higher positive values move with UNX; negative values move opposite it. Informational only, not investment advice.
Most correlated with UNX
| Symbol | Company | Correlation |
|---|---|---|
| U | Unity Software Inc.SERVICES-PREPACKAGED SOFTWARE | 0.99 |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 0.55 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.55 |
| ESPO | VanEck Video Gaming and eSports ETF | 0.53 |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.53 |
Most inversely correlated with UNX
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.49 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.44 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.39 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.39 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.39 |
Frequently asked questions about UNX correlations
- Which stocks are most correlated with UNX?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long U Daily ETF (UNX) are U (0.99), BNGE (0.55) and BUYZ (0.55). 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 UNX?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long U Daily ETF (UNX) are WEBS (-0.49), SARK (-0.44) and FNGD (-0.39). 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 UNX correlations calculated?
- We compute the correlation of daily returns between UNX 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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