Fidelity MSCI Financials Index ETF (FNCL) — Stock Correlations & Overview
Over the past year, FNCL has moved most closely with VFH, XLF, TFNS. Explore the stocks most correlated and inversely correlated with FNCL below, along with its price, financials, and company profile.
Stocks correlated with FNCL
Correlation of daily returns. Higher positive values move with FNCL; negative values move opposite it. Informational only, not investment advice.
Most correlated with FNCL
| Symbol | Company | Correlation |
|---|---|---|
| VFH | Vanguard Financials ETF | 0.99 |
| XLF | State Street Financial Select Sector SPDR ETFSTATE COMMERCIAL BANKS | 0.99 |
| TFNS | T. Rowe Price Financials ETF | 0.99 |
| IYG | iShares U.S. Financial Services ETF | 0.98 |
| IYF | iShares U.S. Financials ETF | 0.98 |
Most inversely correlated with FNCL
| Symbol | Company | Correlation |
|---|---|---|
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.99 |
| SKF | ProShares UltraShort Financials | -0.99 |
| SEF | ProShares Short Financials | -0.98 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.86 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.77 |
Frequently asked questions about FNCL correlations
- Which stocks are most correlated with FNCL?
- Based on one year of daily returns, the stocks most correlated with Fidelity MSCI Financials Index ETF (FNCL) are VFH (0.99), XLF (0.99) and TFNS (0.99). 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 FNCL?
- Over the past year, the stocks most inversely correlated with Fidelity MSCI Financials Index ETF (FNCL) are FAZ (-0.99), SKF (-0.99) and SEF (-0.98). 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 FNCL correlations calculated?
- We compute the correlation of daily returns between FNCL 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.