Which stocks are most correlated with FID?

Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF (FID) are WDIV (0.88), DIM (0.86) and DTH (0.86). 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 FID?

Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF (FID) are EPV (-0.82), EFZ (-0.79) and EFU (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF (FID) — Stock Correlations & Overview

Over the past year, FID has moved most closely with WDIV, DIM, DTH. Explore the stocks most correlated and inversely correlated with FID below, along with its price, financials, and company profile.

Stocks correlated with FID

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

Most correlated with FID

Symbol	Company	Correlation
WDIV	State Street SPDR S&P Global Dividend ETF	0.88
DIM	WisdomTree International MidCap Dividend Fund	0.86
DTH	WisdomTree International High Dividend Fund	0.86
VYMI	Vanguard International High Dividend Yield ETF	0.86
FGD	First Trust Dow Jones Global Select Dividend Index Fund	0.86

Most inversely correlated with FID

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.82
EFZ	ProShares Trust Short MSCI EAFE	-0.79
EFU	ProShares Trust UltraShort MSCI EAFE	-0.78
EWV	ProShares Trust UltraShort MSCI Japan	-0.68
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.64

Frequently asked questions about FID correlations

Which stocks are most correlated with FID?: Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF (FID) are WDIV (0.88), DIM (0.86) and DTH (0.86). 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 FID?: Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF (FID) are EPV (-0.82), EFZ (-0.79) and EFU (-0.78). 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 FID correlations calculated?: We compute the correlation of daily returns between FID 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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