FIRST TRUST MORTGAGE INCOME FUND (FMY) — Stock Correlations & Overview
Over the past year, FMY has moved most closely with PRFD, FIXT, FLXR. Explore the stocks most correlated and inversely correlated with FMY below, along with its price, financials, and company profile.
Stocks correlated with FMY
Correlation of daily returns. Higher positive values move with FMY; negative values move opposite it. Informational only, not investment advice.
Most correlated with FMY
| Symbol | Company | Correlation |
|---|---|---|
| PRFD | PIMCO Preferred and Capital Securities Active Exchange-Traded Fund | 0.36 |
| FIXT | TCW Core Plus Bond ETF | 0.35 |
| FLXR | TCW Flexible Income ETF | 0.34 |
| NCPB | Nuveen Core Plus Bond ETF | 0.34 |
| SCHJ | Schwab 1-5 Year Corporate Bond ETF | 0.33 |
Most inversely correlated with FMY
| Symbol | Company | Correlation |
|---|---|---|
| TBX | ProShares Short 7-10 Year Treasury | -0.26 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.24 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.23 |
| AIRJW | AirJoule Technologies Corporation WarrantAIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP | -0.23 |
| REK | ProShares Short Real Estate | -0.23 |
Frequently asked questions about FMY correlations
- Which stocks are most correlated with FMY?
- Based on one year of daily returns, the stocks most correlated with FIRST TRUST MORTGAGE INCOME FUND (FMY) are PRFD (0.36), FIXT (0.35) and FLXR (0.34). 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 FMY?
- Over the past year, the stocks most inversely correlated with FIRST TRUST MORTGAGE INCOME FUND (FMY) are TBX (-0.26), BIS (-0.24) and PST (-0.23). 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 FMY correlations calculated?
- We compute the correlation of daily returns between FMY 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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