Which stocks are most correlated with CDL?

Based on one year of daily returns, the stocks most correlated with VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) are CDC (1.00), SPHD (0.92) and DHS (0.92). 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 CDL?

Over the past year, the stocks most inversely correlated with VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) are SRS (-0.72), REK (-0.72) and DRV (-0.72). A negative correlation means the two stocks have tended to move in opposite directions.

VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) — Stock Correlations & Overview

Over the past year, CDL has moved most closely with CDC, SPHD, DHS. Explore the stocks most correlated and inversely correlated with CDL below, along with its price, financials, and company profile.

Stocks correlated with CDL

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

Most correlated with CDL

Symbol	Company	Correlation
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd ETF	1.00
SPHD	Invesco S&P 500 High Dividend Low Volatility ETFINVESTMENT ADVICE	0.92
DHS	WisdomTree U.S. High Dividend Fund	0.92
DIVG	Invesco S&P 500 High Dividend Growers ETFINVESTMENT ADVICE	0.91
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	0.91

Most inversely correlated with CDL

Symbol	Company	Correlation
SRS	ProShares UltraShort Real Estate	-0.72
REK	ProShares Short Real Estate	-0.72
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.72
SZK	ProShares UltraShort Consumer Staples	-0.70
EMTY	ProShares Decline of the Retail Store ETF	-0.61

Frequently asked questions about CDL correlations

Which stocks are most correlated with CDL?: Based on one year of daily returns, the stocks most correlated with VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) are CDC (1.00), SPHD (0.92) and DHS (0.92). 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 CDL?: Over the past year, the stocks most inversely correlated with VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) are SRS (-0.72), REK (-0.72) and DRV (-0.72). 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 CDL correlations calculated?: We compute the correlation of daily returns between CDL 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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