Which stocks are most correlated with CGV?

Based on one year of daily returns, the stocks most correlated with Conductor Global Equity Value ETF (CGV) are AVNV (0.89), VSS (0.88) and AVNM (0.88). 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 CGV?

Over the past year, the stocks most inversely correlated with Conductor Global Equity Value ETF (CGV) are EFU (-0.80), EDZ (-0.78) and EFZ (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

Conductor Global Equity Value ETF (CGV) — Stock Correlations & Overview

Over the past year, CGV has moved most closely with AVNV, VSS, AVNM. Explore the stocks most correlated and inversely correlated with CGV below, along with its price, financials, and company profile.

Stocks correlated with CGV

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

Most correlated with CGV

Symbol	Company	Correlation
AVNV	Avantis All International Markets Value ETF	0.89
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	0.88
AVNM	Avantis All International Markets Equity ETF	0.88
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	0.87
PDN	Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF	0.87

Most inversely correlated with CGV

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.80
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.78
EFZ	ProShares Trust Short MSCI EAFE	-0.78
EUM	ProShares Trust Short MSCI Emerging Markets	-0.77
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.77

Frequently asked questions about CGV correlations

Which stocks are most correlated with CGV?: Based on one year of daily returns, the stocks most correlated with Conductor Global Equity Value ETF (CGV) are AVNV (0.89), VSS (0.88) and AVNM (0.88). 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 CGV?: Over the past year, the stocks most inversely correlated with Conductor Global Equity Value ETF (CGV) are EFU (-0.80), EDZ (-0.78) and EFZ (-0.78). 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 CGV correlations calculated?: We compute the correlation of daily returns between CGV 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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