Invesco S&P 500 High Dividend Growers ETF (DIVG) — Stock Correlations & Overview
Over the past year, DIVG has moved most closely with FTA, SPYD, CDL. Explore the stocks most correlated and inversely correlated with DIVG below, along with its price, financials, and company profile.
Stocks correlated with DIVG
Correlation of daily returns. Higher positive values move with DIVG; negative values move opposite it. Informational only, not investment advice.
Most correlated with DIVG
| Symbol | Company | Correlation |
|---|---|---|
| FTA | First Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI) | 0.92 |
| SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | 0.92 |
| CDL | VictoryShares US Large Cap High Div Volatility Wtd ETF | 0.91 |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 0.91 |
| DVY | iShares Select Dividend ETF | 0.91 |
Frequently asked questions about DIVG correlations
- Which stocks are most correlated with DIVG?
- Based on one year of daily returns, the stocks most correlated with Invesco S&P 500 High Dividend Growers ETF (DIVG) are FTA (0.92), SPYD (0.92) and CDL (0.91). 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 DIVG?
- Over the past year, the stocks most inversely correlated with Invesco S&P 500 High Dividend Growers ETF (DIVG) are SRS (-0.72), DRV (-0.72) and REK (-0.71). 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 DIVG correlations calculated?
- We compute the correlation of daily returns between DIVG 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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