Franklin Dividend Growth ETF (FRIZ) — Stock Correlations & Overview

Over the past year, FRIZ has moved most closely with PFM, VIG, TDVG. Explore the stocks most correlated and inversely correlated with FRIZ below, along with its price, financials, and company profile.

Stocks correlated with FRIZ

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

Most correlated with FRIZ

SymbolCompanyCorrelation
PFMInvesco Dividend Achievers ETF0.94
VIGVanguard Dividend Appreciation ETF0.93
TDVGT. Rowe Price Dividend Growth ETF0.90
CGCVCapital Group Conservative Equity ETF0.89
DLNWisdomTree U.S. LargeCap Dividend Fund0.87

Most inversely correlated with FRIZ

SymbolCompanyCorrelation
SDOWProShares UltraPro Short Dow 30-0.83
DXDProShares UltraShort Dow 30-0.83
DOGProShares Short Dow30-0.82
SDSProShares UltraShort S&P500-0.76
SPXUProShares UltraPro Short S&P 500-0.76

Frequently asked questions about FRIZ correlations

Which stocks are most correlated with FRIZ?
Based on one year of daily returns, the stocks most correlated with Franklin Dividend Growth ETF (FRIZ) are PFM (0.94), VIG (0.93) and TDVG (0.90). 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 FRIZ?
Over the past year, the stocks most inversely correlated with Franklin Dividend Growth ETF (FRIZ) are SDOW (-0.83), DXD (-0.83) and DOG (-0.82). 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 FRIZ correlations calculated?
We compute the correlation of daily returns between FRIZ 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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