Which stocks are most correlated with FTSL?

Based on one year of daily returns, the stocks most correlated with First Trust Senior Loan Fund ETF (FTSL) are HYLS (0.68), FPE (0.66) and FPEI (0.65). 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 FTSL?

Over the past year, the stocks most inversely correlated with First Trust Senior Loan Fund ETF (FTSL) are QQDN (-0.45), SPDN (-0.43) and SDS (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Senior Loan Fund ETF (FTSL) — Stock Correlations & Overview

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

Stocks correlated with FTSL

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

Most correlated with FTSL

Symbol	Company	Correlation
HYLS	First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF	0.68
FPE	First Trust Preferred Securities and Income ETF	0.66
FPEI	First Trust Institutional Preferred Securities and Income ETF	0.65
LDSF	First Trust Low Duration Strategic Focus ETF	0.64
FTQI	First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF	0.59

Most inversely correlated with FTSL

Symbol	Company	Correlation
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.45
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.43
SDS	ProShares UltraShort S&P500	-0.43
SPXU	ProShares UltraPro Short S&P 500	-0.43
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.43

Frequently asked questions about FTSL correlations

Which stocks are most correlated with FTSL?: Based on one year of daily returns, the stocks most correlated with First Trust Senior Loan Fund ETF (FTSL) are HYLS (0.68), FPE (0.66) and FPEI (0.65). 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 FTSL?: Over the past year, the stocks most inversely correlated with First Trust Senior Loan Fund ETF (FTSL) are QQDN (-0.45), SPDN (-0.43) and SDS (-0.43). 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 FTSL correlations calculated?: We compute the correlation of daily returns between FTSL 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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