QUANTORA · CROSS-ASSET CORRELATION
Cross-Asset Correlation
Enter any stock or ETF and Quantora measures how its daily returns actually move against the five pillars of a macro book - US equities, long Treasuries, gold, crude oil and the dollar - over the trailing year. It's the fast read on what your position is secretly a bet on.
Each bar is the Pearson correlation of the ticker's daily returns against a proxy asset, aligned on their common trading days over roughly the last year (~252 sessions). +1 means they move in lockstep, 0 means unrelated, -1 means they move exactly opposite. The proxies: SPY for the US equity market, TLT for long-dated Treasuries (the rates and duration trade), GLD for gold, USO for crude oil, and UUP for the US dollar. A high equity correlation means a name trades as market beta; a strongly negative dollar reading flags a currency-sensitive position. Correlations are not stable - they drift with the regime and tend to converge toward 1 in a crash - so read this as a snapshot, not a constant.