Adaptiv Select ETF (ADPV) — Stock Correlations & Overview
Over the past year, ADPV has moved most closely with VFMO, FAD, PDP. Explore the stocks most correlated and inversely correlated with ADPV below, along with its price, financials, and company profile.
Stocks correlated with ADPV
Correlation of daily returns. Higher positive values move with ADPV; negative values move opposite it. Informational only, not investment advice.
Most correlated with ADPV
| Symbol | Company | Correlation |
|---|---|---|
| VFMO | Vanguard U.S. Momentum Factor ETF | 0.87 |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 0.82 |
| PDP | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Momentum ETF | 0.82 |
| HYP | Golden Eagle Dynamic Hypergrowth ETF | 0.81 |
| MMSC | First Trust Multi-Manager Small Cap Opportunities ETF | 0.81 |
Frequently asked questions about ADPV correlations
- Which stocks are most correlated with ADPV?
- Based on one year of daily returns, the stocks most correlated with Adaptiv Select ETF (ADPV) are VFMO (0.87), FAD (0.82) and PDP (0.82). 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 ADPV?
- Over the past year, the stocks most inversely correlated with Adaptiv Select ETF (ADPV) are HIBS (-0.78), TZA (-0.77) and TWM (-0.76). 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 ADPV correlations calculated?
- We compute the correlation of daily returns between ADPV 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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