Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) — Stock Correlations & Overview
Over the past year, WANT has moved most closely with XLY, UCC, FDIS. Explore the stocks most correlated and inversely correlated with WANT below, along with its price, financials, and company profile.
Stocks correlated with WANT
Correlation of daily returns. Higher positive values move with WANT; negative values move opposite it. Informational only, not investment advice.
Most correlated with WANT
| Symbol | Company | Correlation |
|---|---|---|
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | 1.00 |
| UCC | ProShares Ultra Consumer Discretionary | 1.00 |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 0.99 |
| VCR | Vanguard Consumer Discretionary ETF | 0.99 |
| TRUD | VanEck Consumer Discretionary TruSector ETF | 0.97 |
Frequently asked questions about WANT correlations
- Which stocks are most correlated with WANT?
- Based on one year of daily returns, the stocks most correlated with Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) are XLY (1.00), UCC (1.00) and FDIS (0.99). 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 WANT?
- Over the past year, the stocks most inversely correlated with Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) are SCC (-0.99), QQQD (-0.80) and CARD (-0.79). 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 WANT correlations calculated?
- We compute the correlation of daily returns between WANT 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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