Which stocks are most correlated with DHLX?

Based on one year of daily returns, the stocks most correlated with Diamond Hill Large Cap Concentrated ETF (DHLX) are FLV (0.83), OUSA (0.81) and FTCS (0.80). 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 DHLX?

Over the past year, the stocks most inversely correlated with Diamond Hill Large Cap Concentrated ETF (DHLX) are SEF (-0.67), SKF (-0.66) and FAZ (-0.66). A negative correlation means the two stocks have tended to move in opposite directions.

Diamond Hill Large Cap Concentrated ETF (DHLX) — Stock Correlations & Overview

Over the past year, DHLX has moved most closely with FLV, OUSA, FTCS. Explore the stocks most correlated and inversely correlated with DHLX below, along with its price, financials, and company profile.

Stocks correlated with DHLX

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

Most correlated with DHLX

Symbol	Company	Correlation
FLV	American Century Focused Large Cap Value ETF	0.83
OUSA	ALPS O'Shares U.S. Quality Dividend ETF	0.81
FTCS	First Trust Capital Strength ETF	0.80
FTA	First Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.80
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	0.80

Most inversely correlated with DHLX

Symbol	Company	Correlation
SEF	ProShares Short Financials	-0.67
SKF	ProShares UltraShort Financials	-0.66
FAZ	Direxion Daily Financial Bear 3x ETF	-0.66
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.61
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.61

Frequently asked questions about DHLX correlations

Which stocks are most correlated with DHLX?: Based on one year of daily returns, the stocks most correlated with Diamond Hill Large Cap Concentrated ETF (DHLX) are FLV (0.83), OUSA (0.81) and FTCS (0.80). 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 DHLX?: Over the past year, the stocks most inversely correlated with Diamond Hill Large Cap Concentrated ETF (DHLX) are SEF (-0.67), SKF (-0.66) and FAZ (-0.66). 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 DHLX correlations calculated?: We compute the correlation of daily returns between DHLX 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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