Fidelity Value Factor ETF (FVAL) — Stock Correlations & Overview
Over the past year, FVAL has moved most closely with DFSU, TILT, FEUS. Explore the stocks most correlated and inversely correlated with FVAL below, along with its price, financials, and company profile.
Stocks correlated with FVAL
Correlation of daily returns. Higher positive values move with FVAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with FVAL
| Symbol | Company | Correlation |
|---|---|---|
| DFSU | Dimensional US Sustainability Core 1 ETF | 0.95 |
| TILT | Northern Trust Morningstar US Market Factor Tilt ETF | 0.95 |
| FEUS | Northern Trust ESG & Climate US Large Cap Core ETF | 0.95 |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 0.95 |
| DCOR | Dimensional US Core Equity 1 ETF | 0.95 |
Frequently asked questions about FVAL correlations
- Which stocks are most correlated with FVAL?
- Based on one year of daily returns, the stocks most correlated with Fidelity Value Factor ETF (FVAL) are DFSU (0.95), TILT (0.95) and FEUS (0.95). 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 FVAL?
- Over the past year, the stocks most inversely correlated with Fidelity Value Factor ETF (FVAL) are SDS (-0.93), SPXU (-0.93) and SPXS (-0.93). 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 FVAL correlations calculated?
- We compute the correlation of daily returns between FVAL 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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