Which stocks are most correlated with FDX?

Based on one year of daily returns, the stocks most correlated with FedEx Corporation (FDX) are FTXR (0.55), IYT (0.52) and TPOR (0.52). 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 FDX?

Over the past year, the stocks most inversely correlated with FedEx Corporation (FDX) are JETD (-0.48), SIJ (-0.44) and MZZ (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

FedEx Corporation (FDX) — Stock Correlations & Overview

Over the past year, FDX has moved most closely with FTXR, IYT, TPOR. Explore the stocks most correlated and inversely correlated with FDX below, along with its price, financials, and company profile.

Stocks correlated with FDX

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

Most correlated with FDX

Symbol	Company	Correlation
FTXR	First Trust Nasdaq Transportation ETF	0.55
IYT	iShares U.S. Transportation ETF	0.52
TPOR	Direxion Daily Transportation Bull 3X ETF	0.52
CSTK	Invesco Comstock Contrarian Equity ETF	0.52
SUPL	ProShares Supply Chain Logistics ETF	0.51

Most inversely correlated with FDX

Symbol	Company	Correlation
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.48
SIJ	ProShares UltraShort Industrials	-0.44
MZZ	ProShares UltraShort MidCap400	-0.41
SMDD	ProShares UltraPro Short MidCap400	-0.41
DXD	ProShares UltraShort Dow 30	-0.41

Frequently asked questions about FDX correlations

Which stocks are most correlated with FDX?: Based on one year of daily returns, the stocks most correlated with FedEx Corporation (FDX) are FTXR (0.55), IYT (0.52) and TPOR (0.52). 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 FDX?: Over the past year, the stocks most inversely correlated with FedEx Corporation (FDX) are JETD (-0.48), SIJ (-0.44) and MZZ (-0.41). 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 FDX correlations calculated?: We compute the correlation of daily returns between FDX 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.