Avantis Inflation Focused Equity ETF (AVIE) — Stock Correlations & Overview
Over the past year, AVIE has moved most closely with HDV, SCHD, FDL. Explore the stocks most correlated and inversely correlated with AVIE below, along with its price, financials, and company profile.
Stocks correlated with AVIE
Correlation of daily returns. Higher positive values move with AVIE; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVIE
| Symbol | Company | Correlation |
|---|---|---|
| HDV | iShares Core High Dividend ETF | 0.81 |
| SCHD | Schwab US Dividend Equity ETF | 0.78 |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 0.76 |
| PWV | Invesco Large Cap Value ETF | 0.76 |
| DIVL | Madison Dividend Value ETF | 0.74 |
Most inversely correlated with AVIE
| Symbol | Company | Correlation |
|---|---|---|
| RXD | ProShares UltraShort Health Care | -0.63 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.60 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.60 |
| DUG | ProShares UltraShort Energy | -0.60 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.55 |
Frequently asked questions about AVIE correlations
- Which stocks are most correlated with AVIE?
- Based on one year of daily returns, the stocks most correlated with Avantis Inflation Focused Equity ETF (AVIE) are HDV (0.81), SCHD (0.78) and FDL (0.76). 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 AVIE?
- Over the past year, the stocks most inversely correlated with Avantis Inflation Focused Equity ETF (AVIE) are RXD (-0.63), OILD (-0.60) and ERY (-0.60). 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 AVIE correlations calculated?
- We compute the correlation of daily returns between AVIE 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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