Davis Select Financial ETF (DFNL) — Stock Correlations & Overview
Over the past year, DFNL has moved most closely with FNCL, VFH, FTXO. Explore the stocks most correlated and inversely correlated with DFNL below, along with its price, financials, and company profile.
Stocks correlated with DFNL
Correlation of daily returns. Higher positive values move with DFNL; negative values move opposite it. Informational only, not investment advice.
Most correlated with DFNL
| Symbol | Company | Correlation |
|---|---|---|
| FNCL | Fidelity MSCI Financials Index ETF | 0.91 |
| VFH | Vanguard Financials ETF | 0.91 |
| FTXO | First Trust Nasdaq Bank ETF | 0.90 |
| TFNS | T. Rowe Price Financials ETF | 0.90 |
| IYF | iShares U.S. Financials ETF | 0.90 |
Most inversely correlated with DFNL
| Symbol | Company | Correlation |
|---|---|---|
| SKF | ProShares UltraShort Financials | -0.89 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.89 |
| SEF | ProShares Short Financials | -0.88 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.84 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.82 |
Frequently asked questions about DFNL correlations
- Which stocks are most correlated with DFNL?
- Based on one year of daily returns, the stocks most correlated with Davis Select Financial ETF (DFNL) are FNCL (0.91), VFH (0.91) and FTXO (0.90). 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 DFNL?
- Over the past year, the stocks most inversely correlated with Davis Select Financial ETF (DFNL) are SKF (-0.89), FAZ (-0.89) and SEF (-0.88). 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 DFNL correlations calculated?
- We compute the correlation of daily returns between DFNL 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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