First Trust Lunt U.S. Factor Rotation ETF (FCTR) — Stock Correlations & Overview
Over the past year, FCTR has moved most closely with FTC, SPHB, FAD. Explore the stocks most correlated and inversely correlated with FCTR below, along with its price, financials, and company profile.
Stocks correlated with FCTR
Correlation of daily returns. Higher positive values move with FCTR; negative values move opposite it. Informational only, not investment advice.
Most correlated with FCTR
| Symbol | Company | Correlation |
|---|---|---|
| FTC | First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI) | 0.84 |
| SPHB | Invesco S&P 500 High Beta ETFINVESTMENT ADVICE | 0.84 |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 0.84 |
| HIBL | Direxion Daily S&P 500 High Beta Bull 3X ETF | 0.84 |
| TRFM | AAM Transformers ETF | 0.84 |
Frequently asked questions about FCTR correlations
- Which stocks are most correlated with FCTR?
- Based on one year of daily returns, the stocks most correlated with First Trust Lunt U.S. Factor Rotation ETF (FCTR) are FTC (0.84), SPHB (0.84) and FAD (0.84). 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 FCTR?
- Over the past year, the stocks most inversely correlated with First Trust Lunt U.S. Factor Rotation ETF (FCTR) are HIBS (-0.84), QID (-0.79) and SQQQ (-0.79). 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 FCTR correlations calculated?
- We compute the correlation of daily returns between FCTR 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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