Which stocks are most correlated with BMVP?

Based on one year of daily returns, the stocks most correlated with Invesco Bloomberg MVP Multi-factor ETF (BMVP) are ONEV (0.87), NUDV (0.87) and IMCV (0.86). 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 BMVP?

Over the past year, the stocks most inversely correlated with Invesco Bloomberg MVP Multi-factor ETF (BMVP) are DXD (-0.69), SDOW (-0.69) and DOG (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco Bloomberg MVP Multi-factor ETF (BMVP) — Stock Correlations & Overview

Over the past year, BMVP has moved most closely with ONEV, NUDV, IMCV. Explore the stocks most correlated and inversely correlated with BMVP below, along with its price, financials, and company profile.

Stocks correlated with BMVP

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

Most correlated with BMVP

Symbol	Company	Correlation
ONEV	State Street SPDR Russell 1000 Low Volatility Focus ETF	0.87
NUDV	Nuveen ESG Dividend ETF	0.87
IMCV	iShares Morningstar Mid-Cap Value ETF	0.86
DGRO	iShares Core Dividend Growth ETF	0.86
AUSF	Global X Adaptive U.S. Factor ETF	0.86

Most inversely correlated with BMVP

Symbol	Company	Correlation
DXD	ProShares UltraShort Dow 30	-0.69
SDOW	ProShares UltraPro Short Dow 30	-0.69
DOG	ProShares Short Dow30	-0.69
SKF	ProShares UltraShort Financials	-0.67
SEF	ProShares Short Financials	-0.67

Frequently asked questions about BMVP correlations

Which stocks are most correlated with BMVP?: Based on one year of daily returns, the stocks most correlated with Invesco Bloomberg MVP Multi-factor ETF (BMVP) are ONEV (0.87), NUDV (0.87) and IMCV (0.86). 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 BMVP?: Over the past year, the stocks most inversely correlated with Invesco Bloomberg MVP Multi-factor ETF (BMVP) are DXD (-0.69), SDOW (-0.69) and DOG (-0.69). 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 BMVP correlations calculated?: We compute the correlation of daily returns between BMVP 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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