Which stocks are most correlated with WEX?

Based on one year of daily returns, the stocks most correlated with WEX Inc. (WEX) are IPAY (0.55), CPAY (0.52) and FIS (0.50). 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 WEX?

Over the past year, the stocks most inversely correlated with WEX Inc. (WEX) are HDGE (-0.50), DWSH (-0.48) and SKF (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.

WEX Inc. (WEX) — Stock Correlations & Overview

Over the past year, WEX has moved most closely with IPAY, CPAY, FIS. Explore the stocks most correlated and inversely correlated with WEX below, along with its price, financials, and company profile.

Stocks correlated with WEX

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

Most correlated with WEX

Symbol	Company	Correlation
IPAY	Amplify Digital Payments ETF	0.55
CPAY	Corpay, Inc.SERVICES-BUSINESS SERVICES, NEC	0.52
FIS	Fidelity National Information Services, Inc.SERVICES-BUSINESS SERVICES, NEC	0.50
GPN	Global Payments, Inc.SERVICES-BUSINESS SERVICES, NEC	0.49
SFLO	VictoryShares Small Cap Free Cash Flow ETF	0.49

Most inversely correlated with WEX

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.50
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.48
SKF	ProShares UltraShort Financials	-0.36
SEF	ProShares Short Financials	-0.36
FAZ	Direxion Daily Financial Bear 3x ETF	-0.35

Frequently asked questions about WEX correlations

Which stocks are most correlated with WEX?: Based on one year of daily returns, the stocks most correlated with WEX Inc. (WEX) are IPAY (0.55), CPAY (0.52) and FIS (0.50). 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 WEX?: Over the past year, the stocks most inversely correlated with WEX Inc. (WEX) are HDGE (-0.50), DWSH (-0.48) and SKF (-0.36). 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 WEX correlations calculated?: We compute the correlation of daily returns between WEX 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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