Correlation Calculator
Please select two stocks above to calculate their correlation.
The correlation between Apple Inc. and State Street Technology Select Sector SPDR ETF below:
Correlation of monthly returns
1 Year
0.51
Moderate positive
3 Year
0.52
Moderate positive
5 Year
0.70
Strong positive
10 Year
0.74
Strong positive
Correlation quantifies the degree to which two stocks move in relation to each other. It is a value between -1 and 1 where 1 indicates a perfect correlation where the two stocks move in tandem and -1 indicates a perfect inverse correlation, meaning when one zigs the other one zags. A zero indicates no correlation.
When building a portfolio of stocks, combining investments with low or negative correlation dampens the overall volatility of your portfolio.
Adjusted close price
AAPL XLK