Which stocks are most correlated with FTIF?

Based on one year of daily returns, the stocks most correlated with First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) are MVFD (0.79), IGE (0.79) and NVIR (0.74). 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 FTIF?

Over the past year, the stocks most inversely correlated with First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) are OILD (-0.63), DRIP (-0.61) and ERY (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) — Stock Correlations & Overview

Over the past year, FTIF has moved most closely with MVFD, IGE, NVIR. Explore the stocks most correlated and inversely correlated with FTIF below, along with its price, financials, and company profile.

Stocks correlated with FTIF

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

Most correlated with FTIF

Symbol	Company	Correlation
MVFD	Monarch Volume Factor Dividend Tree Index ETF	0.79
IGE	iShares North American Natural Resources ETF	0.79
NVIR	Horizon Kinetics Energy and Remediation ETF	0.74
DGLO	First Trust RBA Deglobalization ETF	0.74
TEXN	iShares Texas Equity ETF	0.73

Most inversely correlated with FTIF

Symbol	Company	Correlation
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.63
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.61
ERY	Direxion Daily Energy Bear 2X ETF	-0.60
DUG	ProShares UltraShort Energy	-0.60
MYY	ProShares Short MidCap400	-0.58

Frequently asked questions about FTIF correlations

Which stocks are most correlated with FTIF?: Based on one year of daily returns, the stocks most correlated with First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) are MVFD (0.79), IGE (0.79) and NVIR (0.74). 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 FTIF?: Over the past year, the stocks most inversely correlated with First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) are OILD (-0.63), DRIP (-0.61) and ERY (-0.60). 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 FTIF correlations calculated?: We compute the correlation of daily returns between FTIF 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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