Which stocks are most correlated with FIXD?

Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF (FIXD) are HISF (0.94), FTCB (0.94) and CPAG (0.93). 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 FIXD?

Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF (FIXD) are TYO (-0.88), PST (-0.88) and TMV (-0.85). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF (FIXD) — Stock Correlations & Overview

Over the past year, FIXD has moved most closely with HISF, FTCB, CPAG. Explore the stocks most correlated and inversely correlated with FIXD below, along with its price, financials, and company profile.

Stocks correlated with FIXD

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

Most correlated with FIXD

Symbol	Company	Correlation
HISF	First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF	0.94
FTCB	First Trust Core Investment Grade ETF	0.94
CPAG	F/m Compoundr U.S. Aggregate Bond ETF	0.93
FIIG	First Trust Intermediate Duration Investment Grade Corporate ETF	0.91
UCON	First Trust Smith Unconstrained Bond ETF	0.91

Most inversely correlated with FIXD

Symbol	Company	Correlation
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.88
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.88
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.85
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.84
TBX	ProShares Short 7-10 Year Treasury	-0.84

Frequently asked questions about FIXD correlations

Which stocks are most correlated with FIXD?: Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF (FIXD) are HISF (0.94), FTCB (0.94) and CPAG (0.93). 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 FIXD?: Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF (FIXD) are TYO (-0.88), PST (-0.88) and TMV (-0.85). 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 FIXD correlations calculated?: We compute the correlation of daily returns between FIXD 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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