First Trust Dow Jones Global Select Dividend Index Fund (FGD) — Stock Correlations & Overview
Over the past year, FGD has moved most closely with FDD, FID, VYMI. Explore the stocks most correlated and inversely correlated with FGD below, along with its price, financials, and company profile.
Stocks correlated with FGD
Correlation of daily returns. Higher positive values move with FGD; negative values move opposite it. Informational only, not investment advice.
Most correlated with FGD
| Symbol | Company | Correlation |
|---|---|---|
| FDD | First Trust STOXX European Select Dividend Income Fund | 0.87 |
| FID | First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF | 0.86 |
| VYMI | Vanguard International High Dividend Yield ETF | 0.85 |
| IDV | iShares International Select Dividend ETF | 0.85 |
| RFDI | First Trust RiverFront Dynamic Developed International ETF | 0.85 |
Frequently asked questions about FGD correlations
- Which stocks are most correlated with FGD?
- Based on one year of daily returns, the stocks most correlated with First Trust Dow Jones Global Select Dividend Index Fund (FGD) are FDD (0.87), FID (0.86) and VYMI (0.85). 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 FGD?
- Over the past year, the stocks most inversely correlated with First Trust Dow Jones Global Select Dividend Index Fund (FGD) are EPV (-0.77), EFZ (-0.76) and EFU (-0.74). 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 FGD correlations calculated?
- We compute the correlation of daily returns between FGD 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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