Which stocks are most correlated with AGD?

Based on one year of daily returns, the stocks most correlated with abrdn Global Dynamic Dividend Fund (AGD) are AOD (0.61), MARW (0.56) and CEFD (0.55). 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 AGD?

Over the past year, the stocks most inversely correlated with abrdn Global Dynamic Dividend Fund (AGD) are SPDN (-0.51), SPXS (-0.51) and SPXU (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

abrdn Global Dynamic Dividend Fund (AGD) — Stock Correlations & Overview

Over the past year, AGD has moved most closely with AOD, MARW, CEFD. Explore the stocks most correlated and inversely correlated with AGD below, along with its price, financials, and company profile.

Stocks correlated with AGD

Correlation of daily returns. Higher positive values move with AGD; negative values move opposite it. Informational only, not investment advice.

Most correlated with AGD

Symbol	Company	Correlation
AOD	abrdn Total Dynamic Dividend Fund	0.61
MARW	AllianzIM U.S. Equity Buffer20 Mar ETF	0.56
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.55
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.54
LGI	Lazard Global Total Return & Income Fund	0.54

Most inversely correlated with AGD

Symbol	Company	Correlation
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.51
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.51
SPXU	ProShares UltraPro Short S&P 500	-0.50
SDS	ProShares UltraShort S&P500	-0.50
SH	ProShares Short S&P500	-0.50

Frequently asked questions about AGD correlations

Which stocks are most correlated with AGD?: Based on one year of daily returns, the stocks most correlated with abrdn Global Dynamic Dividend Fund (AGD) are AOD (0.61), MARW (0.56) and CEFD (0.55). 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 AGD?: Over the past year, the stocks most inversely correlated with abrdn Global Dynamic Dividend Fund (AGD) are SPDN (-0.51), SPXS (-0.51) and SPXU (-0.50). 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 AGD correlations calculated?: We compute the correlation of daily returns between AGD 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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