Which stocks are most correlated with YOLO?

Based on one year of daily returns, the stocks most correlated with AdvisorShares Pure Cannabis ETF (YOLO) are MJ (0.93), CNBS (0.90) and WEED (0.90). 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 YOLO?

Over the past year, the stocks most inversely correlated with AdvisorShares Pure Cannabis ETF (YOLO) are SARK (-0.34), SLTY (-0.28) and CONI (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

AdvisorShares Pure Cannabis ETF (YOLO) — Stock Correlations & Overview

Over the past year, YOLO has moved most closely with MJ, CNBS, WEED. Explore the stocks most correlated and inversely correlated with YOLO below, along with its price, financials, and company profile.

Stocks correlated with YOLO

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

Most correlated with YOLO

Symbol	Company	Correlation
MJ	Amplify Alternative Harvest ETF	0.93
CNBS	Amplify Seymour Cannabis ETF	0.90
WEED	Roundhill Cannabis ETF	0.90
MSOS	AdvisorShares Pure US Cannabis ETF	0.90
MSOX	AdvisorShares MSOS Daily Leveraged ETF	0.88

Most inversely correlated with YOLO

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.34
SLTY	YieldMax Ultra Short Option Income Strategy ETF	-0.28
CONI	GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF	-0.28
CCHH	CCH Holdings Ltd Class A Ordinary Shares	-0.28
TWM	ProShares UltraShort Russell2000	-0.27

Frequently asked questions about YOLO correlations

Which stocks are most correlated with YOLO?: Based on one year of daily returns, the stocks most correlated with AdvisorShares Pure Cannabis ETF (YOLO) are MJ (0.93), CNBS (0.90) and WEED (0.90). 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 YOLO?: Over the past year, the stocks most inversely correlated with AdvisorShares Pure Cannabis ETF (YOLO) are SARK (-0.34), SLTY (-0.28) and CONI (-0.28). 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 YOLO correlations calculated?: We compute the correlation of daily returns between YOLO 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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