Which stocks are most correlated with WEEL?

Based on one year of daily returns, the stocks most correlated with Peerless Option Income Wheel ETF (WEEL) are PEVC (0.68), OCIO (0.68) and TAPR (0.68). 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 WEEL?

Over the past year, the stocks most inversely correlated with Peerless Option Income Wheel ETF (WEEL) are SPXS (-0.66), SPXU (-0.65) and SDS (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.

Peerless Option Income Wheel ETF (WEEL) — Stock Correlations & Overview

Over the past year, WEEL has moved most closely with PEVC, OCIO, TAPR. Explore the stocks most correlated and inversely correlated with WEEL below, along with its price, financials, and company profile.

Stocks correlated with WEEL

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

Most correlated with WEEL

Symbol	Company	Correlation
PEVC	Pacer PE/VC ETF	0.68
OCIO	ClearShares OCIO ETF	0.68
TAPR	Innovator Equity Defined Protection ETF - 2 Yr to April 2027	0.68
FTQI	First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF	0.68
EPS	WisdomTree U.S. LargeCap Fund	0.68

Most inversely correlated with WEEL

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.66
SPXU	ProShares UltraPro Short S&P 500	-0.65
SDS	ProShares UltraShort S&P500	-0.65
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.65
SH	ProShares Short S&P500	-0.65

Frequently asked questions about WEEL correlations

Which stocks are most correlated with WEEL?: Based on one year of daily returns, the stocks most correlated with Peerless Option Income Wheel ETF (WEEL) are PEVC (0.68), OCIO (0.68) and TAPR (0.68). 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 WEEL?: Over the past year, the stocks most inversely correlated with Peerless Option Income Wheel ETF (WEEL) are SPXS (-0.66), SPXU (-0.65) and SDS (-0.65). 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 WEEL correlations calculated?: We compute the correlation of daily returns between WEEL 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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