Which stocks are most correlated with DIVY?

Based on one year of daily returns, the stocks most correlated with Sound Equity Dividend Income ETF (DIVY) are FTA (0.88), FAB (0.87) and BUSA (0.87). 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 DIVY?

Over the past year, the stocks most inversely correlated with Sound Equity Dividend Income ETF (DIVY) are SBB (-0.67), HDGE (-0.66) and SDD (-0.66). A negative correlation means the two stocks have tended to move in opposite directions.

Sound Equity Dividend Income ETF (DIVY) — Stock Correlations & Overview

Over the past year, DIVY has moved most closely with FTA, FAB, BUSA. Explore the stocks most correlated and inversely correlated with DIVY below, along with its price, financials, and company profile.

Stocks correlated with DIVY

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

Most correlated with DIVY

Symbol	Company	Correlation
FTA	First Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.88
FAB	First Trust Multi Cap Value AlphaDEX Fund	0.87
BUSA	Brandes U.S. Value ETF	0.87
IMCV	iShares Morningstar Mid-Cap Value ETF	0.86
VFVA	Vanguard U.S. Value Factor ETF	0.85

Most inversely correlated with DIVY

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.67
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.66
SDD	ProShares UltraShort SmallCap600	-0.66
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.66
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.66

Frequently asked questions about DIVY correlations

Which stocks are most correlated with DIVY?: Based on one year of daily returns, the stocks most correlated with Sound Equity Dividend Income ETF (DIVY) are FTA (0.88), FAB (0.87) and BUSA (0.87). 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 DIVY?: Over the past year, the stocks most inversely correlated with Sound Equity Dividend Income ETF (DIVY) are SBB (-0.67), HDGE (-0.66) and SDD (-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 DIVY correlations calculated?: We compute the correlation of daily returns between DIVY 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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