Which stocks are most correlated with FMF?

Based on one year of daily returns, the stocks most correlated with First Trust Managed Futures Strategy Fund (FMF) are FAAR (0.62), IMF (0.61) and AHLT (0.60). 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 FMF?

Over the past year, the stocks most inversely correlated with First Trust Managed Futures Strategy Fund (FMF) are ZSL (-0.34), DRIP (-0.33) and NRGD (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Managed Futures Strategy Fund (FMF) — Stock Correlations & Overview

Over the past year, FMF has moved most closely with FAAR, IMF, AHLT. Explore the stocks most correlated and inversely correlated with FMF below, along with its price, financials, and company profile.

Stocks correlated with FMF

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

Most correlated with FMF

Symbol	Company	Correlation
FAAR	First Trust Alternative Absolute Return Strategy ETF	0.62
IMF	Invesco Managed Futures Strategy ETF	0.61
AHLT	American Beacon AHL Trend ETF	0.60
ASMF	Virtus AlphaSimplex Managed Futures ETF	0.60
ISMF	iShares Managed Futures Active ETF	0.59

Most inversely correlated with FMF

Symbol	Company	Correlation
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.34
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.33
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.33
ERY	Direxion Daily Energy Bear 2X ETF	-0.30
CPAC	CEMENTOS PACASMAYO S.A.A.	-0.30

Frequently asked questions about FMF correlations

Which stocks are most correlated with FMF?: Based on one year of daily returns, the stocks most correlated with First Trust Managed Futures Strategy Fund (FMF) are FAAR (0.62), IMF (0.61) and AHLT (0.60). 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 FMF?: Over the past year, the stocks most inversely correlated with First Trust Managed Futures Strategy Fund (FMF) are ZSL (-0.34), DRIP (-0.33) and NRGD (-0.33). 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 FMF correlations calculated?: We compute the correlation of daily returns between FMF 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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