Which stocks are most correlated with EMOT?

Based on one year of daily returns, the stocks most correlated with First Trust S&P 500 Economic Moat ETF (EMOT) are QARP (0.89), IUS (0.89) and QUS (0.89). 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 EMOT?

Over the past year, the stocks most inversely correlated with First Trust S&P 500 Economic Moat ETF (EMOT) are SDS (-0.80), SPXU (-0.80) and SH (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust S&P 500 Economic Moat ETF (EMOT) — Stock Correlations & Overview

Over the past year, EMOT has moved most closely with QARP, IUS, QUS. Explore the stocks most correlated and inversely correlated with EMOT below, along with its price, financials, and company profile.

Stocks correlated with EMOT

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

Most correlated with EMOT

Symbol	Company	Correlation
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	0.89
IUS	Invesco Exchange-Traded Self-Indexed Fund Trust Invesco RAFI Strategic US ETF	0.89
QUS	State Street SPDR MSCI USA StrategicFactors ETF	0.89
FQAL	Fidelity Quality Factor ETF	0.87
DVND	Touchstone Dividend Select ETF	0.87

Most inversely correlated with EMOT

Symbol	Company	Correlation
SDS	ProShares UltraShort S&P500	-0.80
SPXU	ProShares UltraPro Short S&P 500	-0.80
SH	ProShares Short S&P500	-0.80
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.80
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.80

Frequently asked questions about EMOT correlations

Which stocks are most correlated with EMOT?: Based on one year of daily returns, the stocks most correlated with First Trust S&P 500 Economic Moat ETF (EMOT) are QARP (0.89), IUS (0.89) and QUS (0.89). 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 EMOT?: Over the past year, the stocks most inversely correlated with First Trust S&P 500 Economic Moat ETF (EMOT) are SDS (-0.80), SPXU (-0.80) and SH (-0.80). 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 EMOT correlations calculated?: We compute the correlation of daily returns between EMOT 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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