Which stocks are most correlated with FDEV?

Based on one year of daily returns, the stocks most correlated with Fidelity International Multifactor ETF (FDEV) are FIDI (0.92), VYMI (0.91) and TLTD (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 FDEV?

Over the past year, the stocks most inversely correlated with Fidelity International Multifactor ETF (FDEV) are EPV (-0.84), EFU (-0.81) and EFZ (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.

Fidelity International Multifactor ETF (FDEV) — Stock Correlations & Overview

Over the past year, FDEV has moved most closely with FIDI, VYMI, TLTD. Explore the stocks most correlated and inversely correlated with FDEV below, along with its price, financials, and company profile.

Stocks correlated with FDEV

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

Most correlated with FDEV

Symbol	Company	Correlation
FIDI	Fidelity International High Dividend ETF	0.92
VYMI	Vanguard International High Dividend Yield ETF	0.91
TLTD	Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF	0.89
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	0.89
QLVD	Northern Trust Developed Markets ex-US Quality Low Volatility ETF	0.89

Most inversely correlated with FDEV

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.84
EFU	ProShares Trust UltraShort MSCI EAFE	-0.81
EFZ	ProShares Trust Short MSCI EAFE	-0.80
EWV	ProShares Trust UltraShort MSCI Japan	-0.67
SMN	ProShares UltraShort Materials	-0.66

Frequently asked questions about FDEV correlations

Which stocks are most correlated with FDEV?: Based on one year of daily returns, the stocks most correlated with Fidelity International Multifactor ETF (FDEV) are FIDI (0.92), VYMI (0.91) and TLTD (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 FDEV?: Over the past year, the stocks most inversely correlated with Fidelity International Multifactor ETF (FDEV) are EPV (-0.84), EFU (-0.81) and EFZ (-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 FDEV correlations calculated?: We compute the correlation of daily returns between FDEV 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.