Cross-Asset Correlation Explorer

How 30 instruments move relative to each other — find hedges, spot crowded trades, diversify smarter.

Data: 16 database pairs + 419 estimated • Updated 13 Jun 2026

Strong +ve (>0.7)
Moderate +ve (0.3–0.7)
Low (−0.3–0.3)
Moderate −ve (−0.7–−0.3)
Strong −ve (<−0.7)

Indices

SPY QQQ IWM DIA EEM

Stocks

AAPL MSFT NVDA TSLA META AMZN AMD GOOGL

Sectors

XLE XLF XLK XLV XLP

Commodities

GLD SLV USO UNG

Bonds

TLT HYG

FX

UUP

Volatility

VIXY

Intl Equity

FXI EWJ

Crypto

BTC-USD ETH-USD

Pair Detail

Correlation
Strength
Direction

Hedging Opportunities Negative Correlation

Pairs that move in opposite directions. Holding both reduces portfolio volatility.

Instrument AInstrument BCorrelationInterpretation
EEM EM Equities Indices UNG Natural Gas Commodities -0.9962 Strong natural hedge. These instruments reliably move against each other.
DIA Dow Jones Indices VIXY VIX (Volatility) Volatility -0.9959 Strong natural hedge. These instruments reliably move against each other.
AMD AMD Stocks UNG Natural Gas Commodities -0.9948 Strong natural hedge. These instruments reliably move against each other.
QQQ Nasdaq 100 Indices UNG Natural Gas Commodities -0.9936 Strong natural hedge. These instruments reliably move against each other.
IWM Russell 2000 Indices UNG Natural Gas Commodities -0.9935 Strong natural hedge. These instruments reliably move against each other.
SPY S&P 500 Indices UNG Natural Gas Commodities -0.9920 Strong natural hedge. These instruments reliably move against each other.
UNG Natural Gas Commodities EWJ Japan Intl Equity -0.9884 Strong natural hedge. These instruments reliably move against each other.
XLK Technology Sectors UNG Natural Gas Commodities -0.9875 Strong natural hedge. These instruments reliably move against each other.
MSFT Microsoft Stocks XLP Staples Sectors -0.9873 Strong natural hedge. These instruments reliably move against each other.
IWM Russell 2000 Indices VIXY VIX (Volatility) Volatility -0.9857 Strong natural hedge. These instruments reliably move against each other.
MSFT Microsoft Stocks USO Crude Oil Commodities -0.9825 Strong natural hedge. These instruments reliably move against each other.
AMD AMD Stocks VIXY VIX (Volatility) Volatility -0.9823 Strong natural hedge. These instruments reliably move against each other.
AAPL Apple Stocks VIXY VIX (Volatility) Volatility -0.9819 Strong natural hedge. These instruments reliably move against each other.
UNG Natural Gas Commodities HYG High Yield Bonds -0.9817 Strong natural hedge. These instruments reliably move against each other.
NVDA Nvidia Stocks UNG Natural Gas Commodities -0.9810 Strong natural hedge. These instruments reliably move against each other.

Crowded Trades Warning High Correlation

Pairs with >0.8 correlation move almost in lockstep. Holding both concentrates risk — you are not diversified.

Instrument AInstrument BCorrelationRisk Note
SPY S&P 500 Indices IWM Russell 2000 Indices 0.9983 Near-identical movement. Holding both doubles your exposure without adding diversification.
IWM Russell 2000 Indices AMD AMD Stocks 0.9970 Near-identical movement. Holding both doubles your exposure without adding diversification.
QQQ Nasdaq 100 Indices IWM Russell 2000 Indices 0.9950 Near-identical movement. Holding both doubles your exposure without adding diversification.
DIA Dow Jones Indices AAPL Apple Stocks 0.9945 Near-identical movement. Holding both doubles your exposure without adding diversification.
SPY S&P 500 Indices QQQ Nasdaq 100 Indices 0.9935 Near-identical movement. Holding both doubles your exposure without adding diversification.
NVDA Nvidia Stocks EWJ Japan Intl Equity 0.9932 Near-identical movement. Holding both doubles your exposure without adding diversification.
AAPL Apple Stocks HYG High Yield Bonds 0.9931 Near-identical movement. Holding both doubles your exposure without adding diversification.
IWM Russell 2000 Indices DIA Dow Jones Indices 0.9922 Near-identical movement. Holding both doubles your exposure without adding diversification.
SPY S&P 500 Indices AMD AMD Stocks 0.9921 Near-identical movement. Holding both doubles your exposure without adding diversification.
EEM EM Equities Indices EWJ Japan Intl Equity 0.9914 Near-identical movement. Holding both doubles your exposure without adding diversification.
SPY S&P 500 Indices HYG High Yield Bonds 0.9907 Near-identical movement. Holding both doubles your exposure without adding diversification.
IWM Russell 2000 Indices HYG High Yield Bonds 0.9905 Near-identical movement. Holding both doubles your exposure without adding diversification.
IWM Russell 2000 Indices XLK Technology Sectors 0.9901 Near-identical movement. Holding both doubles your exposure without adding diversification.
DIA Dow Jones Indices HYG High Yield Bonds 0.9901 Near-identical movement. Holding both doubles your exposure without adding diversification.
SPY S&P 500 Indices DIA Dow Jones Indices 0.9897 Near-identical movement. Holding both doubles your exposure without adding diversification.
Correlations are historical and can shift rapidly during market stress. This is analytical intelligence, not investment advice.
Data refreshed periodically from Titan Protect's quantitative database.
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