Which stocks are most correlated with WSO?

Based on one year of daily returns, the stocks most correlated with Watsco, Inc. (WSO) are LII (0.73), RSPN (0.64) and XHB (0.63). 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 WSO?

Over the past year, the stocks most inversely correlated with Watsco, Inc. (WSO) are SIJ (-0.57), SMDD (-0.55) and MZZ (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.

Watsco, Inc. (WSO) — Stock Correlations & Overview

Over the past year, WSO has moved most closely with LII, RSPN, XHB. Explore the stocks most correlated and inversely correlated with WSO below, along with its price, financials, and company profile.

Stocks correlated with WSO

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

Most correlated with WSO

Symbol	Company	Correlation
LII	Lennox International Inc.AIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP	0.73
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	0.64
XHB	State Street SPDR S&P Homebuilders ETF	0.63
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.62
DRES	GMO Domestic Resilience ETF	0.59

Most inversely correlated with WSO

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.57
SMDD	ProShares UltraPro Short MidCap400	-0.55
MZZ	ProShares UltraShort MidCap400	-0.54
MYY	ProShares Short MidCap400	-0.54
SBB	ProShares Short SmallCap600	-0.52

Frequently asked questions about WSO correlations

Which stocks are most correlated with WSO?: Based on one year of daily returns, the stocks most correlated with Watsco, Inc. (WSO) are LII (0.73), RSPN (0.64) and XHB (0.63). 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 WSO?: Over the past year, the stocks most inversely correlated with Watsco, Inc. (WSO) are SIJ (-0.57), SMDD (-0.55) and MZZ (-0.54). 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 WSO correlations calculated?: We compute the correlation of daily returns between WSO 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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