Roundhill Cannabis ETF (WEED) — Stock Correlations & Overview
Over the past year, WEED has moved most closely with CNBS, MSOS, MSOX. Explore the stocks most correlated and inversely correlated with WEED below, along with its price, financials, and company profile.
Stocks correlated with WEED
Correlation of daily returns. Higher positive values move with WEED; negative values move opposite it. Informational only, not investment advice.
Most correlated with WEED
| Symbol | Company | Correlation |
|---|---|---|
| CNBS | Amplify Seymour Cannabis ETF | 0.99 |
| MSOS | AdvisorShares Pure US Cannabis ETF | 0.98 |
| MSOX | AdvisorShares MSOS Daily Leveraged ETF | 0.98 |
| MJ | Amplify Alternative Harvest ETF | 0.93 |
| YOLO | AdvisorShares Pure Cannabis ETF | 0.90 |
Most inversely correlated with WEED
| Symbol | Company | Correlation |
|---|---|---|
| CCHH | CCH Holdings Ltd Class A Ordinary Shares | -0.28 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| ARBK | Argo Blockchain plc American Depositary Shares | -0.24 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.22 |
| AESR | Anfield U.S. Equity Sector Rotation ETF | -0.22 |
Frequently asked questions about WEED correlations
- Which stocks are most correlated with WEED?
- Based on one year of daily returns, the stocks most correlated with Roundhill Cannabis ETF (WEED) are CNBS (0.99), MSOS (0.98) and MSOX (0.98). 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 WEED?
- Over the past year, the stocks most inversely correlated with Roundhill Cannabis ETF (WEED) are CCHH (-0.28), SARK (-0.27) and ARBK (-0.24). 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 WEED correlations calculated?
- We compute the correlation of daily returns between WEED 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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