Which stocks are most correlated with FPE?

Based on one year of daily returns, the stocks most correlated with First Trust Preferred Securities and Income ETF (FPE) are FPEI (0.85), HISF (0.79) and LDSF (0.77). 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 FPE?

Over the past year, the stocks most inversely correlated with First Trust Preferred Securities and Income ETF (FPE) are SPXU (-0.67), SPXS (-0.67) and SPDN (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Preferred Securities and Income ETF (FPE) — Stock Correlations & Overview

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

Stocks correlated with FPE

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

Most correlated with FPE

Symbol	Company	Correlation
FPEI	First Trust Institutional Preferred Securities and Income ETF	0.85
HISF	First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF	0.79
LDSF	First Trust Low Duration Strategic Focus ETF	0.77
HYLS	First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF	0.76
FTBI	First Trust Balanced Income ETF	0.75

Most inversely correlated with FPE

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.67
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.67
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.67
SDS	ProShares UltraShort S&P500	-0.67
SH	ProShares Short S&P500	-0.67

Frequently asked questions about FPE correlations

Which stocks are most correlated with FPE?: Based on one year of daily returns, the stocks most correlated with First Trust Preferred Securities and Income ETF (FPE) are FPEI (0.85), HISF (0.79) and LDSF (0.77). 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 FPE?: Over the past year, the stocks most inversely correlated with First Trust Preferred Securities and Income ETF (FPE) are SPXU (-0.67), SPXS (-0.67) and SPDN (-0.67). 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 FPE correlations calculated?: We compute the correlation of daily returns between FPE 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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