State Street SPDR S&P Software & Services ETF (XSW) — Stock Correlations & Overview
Over the past year, XSW has moved most closely with WCLD, IGV, CLOD. Explore the stocks most correlated and inversely correlated with XSW below, along with its price, financials, and company profile.
Stocks correlated with XSW
Correlation of daily returns. Higher positive values move with XSW; negative values move opposite it. Informational only, not investment advice.
Most correlated with XSW
| Symbol | Company | Correlation |
|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 0.93 |
| IGV | iShares Expanded Tech-Software Sector ETF | 0.92 |
| CLOD | Themes Cloud Computing ETF | 0.92 |
| ABOT | Abacus FCF Innovation Leaders ETF | 0.91 |
| DTEC | ALPS Disruptive Technologies ETF | 0.91 |
Most inversely correlated with XSW
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.79 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.71 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.62 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.61 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.59 |
Frequently asked questions about XSW correlations
- Which stocks are most correlated with XSW?
- Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Software & Services ETF (XSW) are WCLD (0.93), IGV (0.92) and CLOD (0.92). 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 XSW?
- Over the past year, the stocks most inversely correlated with State Street SPDR S&P Software & Services ETF (XSW) are WEBS (-0.79), HDGE (-0.71) and SARK (-0.62). 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 XSW correlations calculated?
- We compute the correlation of daily returns between XSW 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.