AB International Buffer ETF (BUFI) — Stock Correlations & Overview
Over the past year, BUFI has moved most closely with GSID, IDEC, EFAX. Explore the stocks most correlated and inversely correlated with BUFI below, along with its price, financials, and company profile.
Stocks correlated with BUFI
Correlation of daily returns. Higher positive values move with BUFI; negative values move opposite it. Informational only, not investment advice.
Most correlated with BUFI
| Symbol | Company | Correlation |
|---|---|---|
| GSID | Goldman Sachs MarketBeta International Equity ETF | 0.95 |
| IDEC | Innovator International Developed Power Buffer ETF - December | 0.95 |
| EFAX | State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 0.95 |
| EFA | iShares MSCI EAFE ETF | 0.95 |
| FENI | Fidelity Enhanced International ETF | 0.95 |
Frequently asked questions about BUFI correlations
- Which stocks are most correlated with BUFI?
- Based on one year of daily returns, the stocks most correlated with AB International Buffer ETF (BUFI) are GSID (0.95), IDEC (0.95) and EFAX (0.95). 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 BUFI?
- Over the past year, the stocks most inversely correlated with AB International Buffer ETF (BUFI) are EPV (-0.94), EFU (-0.93) and EFZ (-0.90). 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 BUFI correlations calculated?
- We compute the correlation of daily returns between BUFI 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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