Which stocks are most correlated with FDTS?

Based on one year of daily returns, the stocks most correlated with First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) are FDT (0.92), GWX (0.92) and PDN (0.91). 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 FDTS?

Over the past year, the stocks most inversely correlated with First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) are EUM (-0.83), EDZ (-0.83) and EEV (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) — Stock Correlations & Overview

Over the past year, FDTS has moved most closely with FDT, GWX, PDN. Explore the stocks most correlated and inversely correlated with FDTS below, along with its price, financials, and company profile.

Stocks correlated with FDTS

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

Most correlated with FDTS

Symbol	Company	Correlation
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	0.92
GWX	State Street SPDR S&P International Small Cap ETF	0.92
PDN	Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF	0.91
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	0.91
AVNV	Avantis All International Markets Value ETF	0.90

Most inversely correlated with FDTS

Symbol	Company	Correlation
EUM	ProShares Trust Short MSCI Emerging Markets	-0.83
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.83
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.83
EFU	ProShares Trust UltraShort MSCI EAFE	-0.81
EWV	ProShares Trust UltraShort MSCI Japan	-0.81

Frequently asked questions about FDTS correlations

Which stocks are most correlated with FDTS?: Based on one year of daily returns, the stocks most correlated with First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) are FDT (0.92), GWX (0.92) and PDN (0.91). 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 FDTS?: Over the past year, the stocks most inversely correlated with First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) are EUM (-0.83), EDZ (-0.83) and EEV (-0.83). 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 FDTS correlations calculated?: We compute the correlation of daily returns between FDTS 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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