Which stocks are most correlated with FPXI?

Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF (FPXI) are XNAV (0.91), FWD (0.90) and PJIO (0.89). 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 FPXI?

Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF (FPXI) are EDZ (-0.88), EEV (-0.88) and EUM (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF (FPXI) — Stock Correlations & Overview

Over the past year, FPXI has moved most closely with XNAV, FWD, PJIO. Explore the stocks most correlated and inversely correlated with FPXI below, along with its price, financials, and company profile.

Stocks correlated with FPXI

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

Most correlated with FPXI

Symbol	Company	Correlation
XNAV	FundX Aggressive ETF	0.91
FWD	AB Disruptors ETF	0.90
PJIO	PGIM Jennison Focused International Equity ETF	0.89
GRIN	VictoryShares International Free Cash Flow Growth ETF	0.89
DEHP	Dimensional Emerging Markets High Profitability ETF	0.89

Most inversely correlated with FPXI

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.88
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.88
EUM	ProShares Trust Short MSCI Emerging Markets	-0.88
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.85
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.84

Frequently asked questions about FPXI correlations

Which stocks are most correlated with FPXI?: Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF (FPXI) are XNAV (0.91), FWD (0.90) and PJIO (0.89). 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 FPXI?: Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF (FPXI) are EDZ (-0.88), EEV (-0.88) and EUM (-0.88). 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 FPXI correlations calculated?: We compute the correlation of daily returns between FPXI 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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