Which stocks are most correlated with VNO?

Based on one year of daily returns, the stocks most correlated with Vornado Realty Trust (VNO) are DESK (0.87), SLG (0.80) and BXP (0.80). 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 VNO?

Over the past year, the stocks most inversely correlated with Vornado Realty Trust (VNO) are HDGE (-0.57), SDD (-0.57) and SBB (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.

Vornado Realty Trust (VNO) — Stock Correlations & Overview

Over the past year, VNO has moved most closely with DESK, SLG, BXP. Explore the stocks most correlated and inversely correlated with VNO below, along with its price, financials, and company profile.

Stocks correlated with VNO

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

Most correlated with VNO

Symbol	Company	Correlation
DESK	VanEck Office and Commercial REIT ETF	0.87
SLG	SL Green Realty Corp.REAL ESTATE INVESTMENT TRUSTS	0.80
BXP	BXP, Inc.REAL ESTATE INVESTMENT TRUSTS	0.80
DEI	Douglas Emmett, Inc.REAL ESTATE INVESTMENT TRUSTS	0.72
HIW	Highwoods Properties Inc.REAL ESTATE INVESTMENT TRUSTS	0.70

Most inversely correlated with VNO

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.57
SDD	ProShares UltraShort SmallCap600	-0.57
SBB	ProShares Short SmallCap600	-0.56
SMDD	ProShares UltraPro Short MidCap400	-0.52
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.52

Frequently asked questions about VNO correlations

Which stocks are most correlated with VNO?: Based on one year of daily returns, the stocks most correlated with Vornado Realty Trust (VNO) are DESK (0.87), SLG (0.80) and BXP (0.80). 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 VNO?: Over the past year, the stocks most inversely correlated with Vornado Realty Trust (VNO) are HDGE (-0.57), SDD (-0.57) and SBB (-0.56). 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 VNO correlations calculated?: We compute the correlation of daily returns between VNO 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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