ProShares MSCI EAFE Dividend Growers ETF (EFAD) — Stock Correlations & Overview
Over the past year, EFAD has moved most closely with VIGI, OEFA, EUDV. Explore the stocks most correlated and inversely correlated with EFAD below, along with its price, financials, and company profile.
Stocks correlated with EFAD
Correlation of daily returns. Higher positive values move with EFAD; negative values move opposite it. Informational only, not investment advice.
Most correlated with EFAD
| Symbol | Company | Correlation |
|---|---|---|
| VIGI | Vanguard International Dividend Appreciation ETF | 0.92 |
| OEFA | ALPS O'Shares International Developed Quality Dividend ETF | 0.92 |
| EUDV | ProShares MSCI Europe Dividend Growers ETF | 0.92 |
| ILOW | AB International Low Volatility Equity ETF | 0.91 |
| IGRO | iShares International Dividend Growth ETF | 0.91 |
Frequently asked questions about EFAD correlations
- Which stocks are most correlated with EFAD?
- Based on one year of daily returns, the stocks most correlated with ProShares MSCI EAFE Dividend Growers ETF (EFAD) are VIGI (0.92), OEFA (0.92) and EUDV (0.92). 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 EFAD?
- Over the past year, the stocks most inversely correlated with ProShares MSCI EAFE Dividend Growers ETF (EFAD) are EPV (-0.88), EFU (-0.85) and EFZ (-0.84). 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 EFAD correlations calculated?
- We compute the correlation of daily returns between EFAD 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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