Tema Electrification ETF (VOLT) — Stock Correlations & Overview
Over the past year, VOLT has moved most closely with HVAC, PWRD, ELFY. Explore the stocks most correlated and inversely correlated with VOLT below, along with its price, financials, and company profile.
Stocks correlated with VOLT
Correlation of daily returns. Higher positive values move with VOLT; negative values move opposite it. Informational only, not investment advice.
Most correlated with VOLT
| Symbol | Company | Correlation |
|---|---|---|
| HVAC | AdvisorShares HVAC and Industrials ETF | 0.92 |
| PWRD | TCW Transform Systems ETF | 0.90 |
| ELFY | ALPS Electrification Infrastructure ETF | 0.90 |
| PRN | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF | 0.89 |
| AIPO | Defiance AI & Power Infrastructure ETF | 0.88 |
Most inversely correlated with VOLT
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.79 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.75 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.74 |
| SIJ | ProShares UltraShort Industrials | -0.73 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.72 |
Frequently asked questions about VOLT correlations
- Which stocks are most correlated with VOLT?
- Based on one year of daily returns, the stocks most correlated with Tema Electrification ETF (VOLT) are HVAC (0.92), PWRD (0.90) and ELFY (0.90). 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 VOLT?
- Over the past year, the stocks most inversely correlated with Tema Electrification ETF (VOLT) are SOXS (-0.79), HIBS (-0.75) and BTAL (-0.74). 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 VOLT correlations calculated?
- We compute the correlation of daily returns between VOLT 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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