FT Vest Dow Jones Internet & Target Income ETF (FDND) — Stock Correlations & Overview
Over the past year, FDND has moved most closely with WEBL, FDN, OGIG. Explore the stocks most correlated and inversely correlated with FDND below, along with its price, financials, and company profile.
Stocks correlated with FDND
Correlation of daily returns. Higher positive values move with FDND; negative values move opposite it. Informational only, not investment advice.
Most correlated with FDND
| Symbol | Company | Correlation |
|---|---|---|
| WEBL | Direxion Daily Dow Jones Internet Bull 3X ETF | 0.99 |
| FDN | First Trust Dow Jones Internet Index Fund ETF | 0.99 |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.92 |
| PNQI | Invesco NASDAQ Internet ETF | 0.89 |
| PCLG | Polen Focus Growth ETF | 0.87 |
Most inversely correlated with FDND
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.99 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.75 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.75 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.71 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.71 |
Frequently asked questions about FDND correlations
- Which stocks are most correlated with FDND?
- Based on one year of daily returns, the stocks most correlated with FT Vest Dow Jones Internet & Target Income ETF (FDND) are WEBL (0.99), FDN (0.99) and OGIG (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 FDND?
- Over the past year, the stocks most inversely correlated with FT Vest Dow Jones Internet & Target Income ETF (FDND) are WEBS (-0.99), QQQD (-0.75) and FNGD (-0.75). 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 FDND correlations calculated?
- We compute the correlation of daily returns between FDND 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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