State Street SPDR S&P International Dividend ETF (DWX) — Stock Correlations & Overview
Over the past year, DWX has moved most closely with IDLV, QLVD, EFAV. Explore the stocks most correlated and inversely correlated with DWX below, along with its price, financials, and company profile.
Stocks correlated with DWX
Correlation of daily returns. Higher positive values move with DWX; negative values move opposite it. Informational only, not investment advice.
Most correlated with DWX
| Symbol | Company | Correlation |
|---|---|---|
| IDLV | Invesco S&P International Developed Low Volatility ETF | 0.92 |
| QLVD | Northern Trust Developed Markets ex-US Quality Low Volatility ETF | 0.88 |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 0.87 |
| SCHY | Schwab International Dividend Equity ETF | 0.87 |
| HDMV | First Trust Horizon Managed Volatility Developed International ETF | 0.87 |
Frequently asked questions about DWX correlations
- Which stocks are most correlated with DWX?
- Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P International Dividend ETF (DWX) are IDLV (0.92), QLVD (0.88) and EFAV (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 DWX?
- Over the past year, the stocks most inversely correlated with State Street SPDR S&P International Dividend ETF (DWX) are EPV (-0.79), EFU (-0.75) and EFZ (-0.75). 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 DWX correlations calculated?
- We compute the correlation of daily returns between DWX 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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