Which stocks are most correlated with FDIV?

Based on one year of daily returns, the stocks most correlated with MarketDesk Focused U.S. Dividend ETF (FDIV) are ONEV (0.86), FLQM (0.86) and FSCS (0.86). 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 FDIV?

Over the past year, the stocks most inversely correlated with MarketDesk Focused U.S. Dividend ETF (FDIV) are HDGE (-0.69), SEF (-0.69) and SDOW (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

MarketDesk Focused U.S. Dividend ETF (FDIV) — Stock Correlations & Overview

Over the past year, FDIV has moved most closely with ONEV, FLQM, FSCS. Explore the stocks most correlated and inversely correlated with FDIV below, along with its price, financials, and company profile.

Stocks correlated with FDIV

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

Most correlated with FDIV

Symbol	Company	Correlation
ONEV	State Street SPDR Russell 1000 Low Volatility Focus ETF	0.86
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	0.86
FSCS	First Trust Exchange-Traded Fund VI First Trust SMID Capital Strength ETF	0.86
FLV	American Century Focused Large Cap Value ETF	0.85
ABCS	Alpha Blue Capital US Small-Mid Cap Dynamic ETF	0.85

Most inversely correlated with FDIV

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.69
SEF	ProShares Short Financials	-0.69
SDOW	ProShares UltraPro Short Dow 30	-0.69
DXD	ProShares UltraShort Dow 30	-0.69
SKF	ProShares UltraShort Financials	-0.69

Frequently asked questions about FDIV correlations

Which stocks are most correlated with FDIV?: Based on one year of daily returns, the stocks most correlated with MarketDesk Focused U.S. Dividend ETF (FDIV) are ONEV (0.86), FLQM (0.86) and FSCS (0.86). 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 FDIV?: Over the past year, the stocks most inversely correlated with MarketDesk Focused U.S. Dividend ETF (FDIV) are HDGE (-0.69), SEF (-0.69) and SDOW (-0.69). 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 FDIV correlations calculated?: We compute the correlation of daily returns between FDIV 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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