Which stocks are most correlated with FTHI?

Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF (FTHI) are FTQI (0.93), FLQL (0.90) and DYNF (0.88). 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 FTHI?

Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF (FTHI) are SPXS (-0.87), SPDN (-0.86) and SPXU (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF (FTHI) — Stock Correlations & Overview

Over the past year, FTHI has moved most closely with FTQI, FLQL, DYNF. Explore the stocks most correlated and inversely correlated with FTHI below, along with its price, financials, and company profile.

Stocks correlated with FTHI

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

Most correlated with FTHI

Symbol	Company	Correlation
FTQI	First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF	0.93
FLQL	Franklin U.S. Large Cap Multifactor Index ETF	0.90
DYNF	iShares U.S. Equity Factor Rotation Active ETF	0.88
FTBI	First Trust Balanced Income ETF	0.88
INFO	Harbor PanAgora Dynamic Large Cap Core ETF	0.88

Most inversely correlated with FTHI

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.87
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.86
SPXU	ProShares UltraPro Short S&P 500	-0.86
SDS	ProShares UltraShort S&P500	-0.86
SH	ProShares Short S&P500	-0.85

Frequently asked questions about FTHI correlations

Which stocks are most correlated with FTHI?: Based on one year of daily returns, the stocks most correlated with First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF (FTHI) are FTQI (0.93), FLQL (0.90) and DYNF (0.88). 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 FTHI?: Over the past year, the stocks most inversely correlated with First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF (FTHI) are SPXS (-0.87), SPDN (-0.86) and SPXU (-0.86). 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 FTHI correlations calculated?: We compute the correlation of daily returns between FTHI 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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