Abacus FCF International Leaders ETF (ABLG) — Stock Correlations & Overview
Over the past year, ABLG has moved most closely with FFGX, JIG, BINT. Explore the stocks most correlated and inversely correlated with ABLG below, along with its price, financials, and company profile.
Stocks correlated with ABLG
Correlation of daily returns. Higher positive values move with ABLG; negative values move opposite it. Informational only, not investment advice.
Most correlated with ABLG
| Symbol | Company | Correlation |
|---|---|---|
| FFGX | Fidelity Fundamental Global ex-U.S. ETF | 0.89 |
| JIG | JPMorgan International Growth ETF | 0.89 |
| BINT | Bluemonte Global Equity ETF | 0.88 |
| TIER | T. Rowe Price International Equity Research ETF | 0.88 |
| CGNG | Capital Group New Geography Equity ETF | 0.88 |
Most inversely correlated with ABLG
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.84 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.84 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.84 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.81 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.80 |
Frequently asked questions about ABLG correlations
- Which stocks are most correlated with ABLG?
- Based on one year of daily returns, the stocks most correlated with Abacus FCF International Leaders ETF (ABLG) are FFGX (0.89), JIG (0.89) and BINT (0.88). 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 ABLG?
- Over the past year, the stocks most inversely correlated with Abacus FCF International Leaders ETF (ABLG) are EEV (-0.84), EUM (-0.84) and EDZ (-0.84). 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 ABLG correlations calculated?
- We compute the correlation of daily returns between ABLG 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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