EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF (XOVR) — Stock Correlations & Overview
Over the past year, XOVR has moved most closely with ARKW, FDCF, PJFG. Explore the stocks most correlated and inversely correlated with XOVR below, along with its price, financials, and company profile.
Stocks correlated with XOVR
Correlation of daily returns. Higher positive values move with XOVR; negative values move opposite it. Informational only, not investment advice.
Most correlated with XOVR
| Symbol | Company | Correlation |
|---|---|---|
| ARKW | ARK Next Generation Internet ETF | 0.87 |
| FDCF | Fidelity Disruptive Communications ETF | 0.84 |
| PJFG | PGIM Jennison Focused Growth ETF | 0.83 |
| ILDR | First Trust Innovation Leaders ETF | 0.83 |
| WINN | Harbor Long-Term Growers ETF | 0.83 |
Most inversely correlated with XOVR
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.83 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.79 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.78 |
| SQQQ | ProShares UltraPro Short QQQ | -0.77 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.77 |
Frequently asked questions about XOVR correlations
- Which stocks are most correlated with XOVR?
- Based on one year of daily returns, the stocks most correlated with EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF (XOVR) are ARKW (0.87), FDCF (0.84) and PJFG (0.83). 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 XOVR?
- Over the past year, the stocks most inversely correlated with EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF (XOVR) are SARK (-0.83), WEBS (-0.79) and AIBD (-0.78). 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 XOVR correlations calculated?
- We compute the correlation of daily returns between XOVR 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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