Walmart Inc. Common Stock (WMT) — Stock Correlations & Overview
Over the past year, WMT has moved most closely with GXPS, FSTA, VDC. Explore the stocks most correlated and inversely correlated with WMT below, along with its price, financials, and company profile.
Stocks correlated with WMT
Correlation of daily returns. Higher positive values move with WMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with WMT
| Symbol | Company | Correlation |
|---|---|---|
| GXPS | Global X PureCap MSCI Consumer Staples ETF | 0.71 |
| FSTA | Fidelity MSCI Consumer Staples Index ETF | 0.69 |
| VDC | Vanguard Consumer Staples ETF | 0.69 |
| UGE | ProShares Ultra Consumer Staples | 0.63 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | 0.62 |
Most inversely correlated with WMT
| Symbol | Company | Correlation |
|---|---|---|
| SZK | ProShares UltraShort Consumer Staples | -0.62 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.40 |
| RXD | ProShares UltraShort Health Care | -0.27 |
| CRDO | Credo Technology Group Holding Ltd Ordinary SharesSEMICONDUCTORS & RELATED DEVICES | -0.26 |
| CRDU | Tradr 2X Long CRDO Daily ETF | -0.26 |
Frequently asked questions about WMT correlations
- Which stocks are most correlated with WMT?
- Based on one year of daily returns, the stocks most correlated with Walmart Inc. Common Stock (WMT) are GXPS (0.71), FSTA (0.69) and VDC (0.69). 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 WMT?
- Over the past year, the stocks most inversely correlated with Walmart Inc. Common Stock (WMT) are SZK (-0.62), EMTY (-0.40) and RXD (-0.27). 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 WMT correlations calculated?
- We compute the correlation of daily returns between WMT 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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