Which stocks are most correlated with FDLS?

Based on one year of daily returns, the stocks most correlated with Inspire Fidelis Multi Factor ETF (FDLS) are AFSM (0.93), RUSC (0.92) and BFOR (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 FDLS?

Over the past year, the stocks most inversely correlated with Inspire Fidelis Multi Factor ETF (FDLS) are TZA (-0.91), SRTY (-0.91) and TWM (-0.91). A negative correlation means the two stocks have tended to move in opposite directions.

Inspire Fidelis Multi Factor ETF (FDLS) — Stock Correlations & Overview

Over the past year, FDLS has moved most closely with AFSM, RUSC, BFOR. Explore the stocks most correlated and inversely correlated with FDLS below, along with its price, financials, and company profile.

Stocks correlated with FDLS

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

Most correlated with FDLS

Symbol	Company	Correlation
AFSM	First Trust Active Factor Small Cap ETF	0.93
RUSC	Russell Investments Exchange Traded Funds Russell Investments U.S. Small Cap Equity ETF	0.92
BFOR	Barron's 400 ETF	0.92
SEIS	SEI Select Small Cap ETF	0.92
FESM	Fidelity Enhanced Small Cap Core ETF	0.92

Most inversely correlated with FDLS

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.91
SRTY	ProShares UltraPro Short Russell2000	-0.91
TWM	ProShares UltraShort Russell2000	-0.91
RWM	ProShares Short Russell2000	-0.90
SMDD	ProShares UltraPro Short MidCap400	-0.89

Frequently asked questions about FDLS correlations

Which stocks are most correlated with FDLS?: Based on one year of daily returns, the stocks most correlated with Inspire Fidelis Multi Factor ETF (FDLS) are AFSM (0.93), RUSC (0.92) and BFOR (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 FDLS?: Over the past year, the stocks most inversely correlated with Inspire Fidelis Multi Factor ETF (FDLS) are TZA (-0.91), SRTY (-0.91) and TWM (-0.91). 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 FDLS correlations calculated?: We compute the correlation of daily returns between FDLS 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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