Which stocks are most correlated with FVD?

Based on one year of daily returns, the stocks most correlated with First Trust Value Line Dividend Fund (FVD) are LGLV (0.95), KNG (0.93) and SDY (0.92). 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 FVD?

Over the past year, the stocks most inversely correlated with First Trust Value Line Dividend Fund (FVD) are SRS (-0.78), DRV (-0.78) and REK (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Value Line Dividend Fund (FVD) — Stock Correlations & Overview

Over the past year, FVD has moved most closely with LGLV, KNG, SDY. Explore the stocks most correlated and inversely correlated with FVD below, along with its price, financials, and company profile.

Stocks correlated with FVD

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

Most correlated with FVD

Symbol	Company	Correlation
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	0.95
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	0.93
SDY	State Street SPDR S&P Dividend ETF	0.92
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	0.92
TMDV	ProShares Russell US Dividend Growers ETF	0.91

Most inversely correlated with FVD

Symbol	Company	Correlation
SRS	ProShares UltraShort Real Estate	-0.78
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.78
REK	ProShares Short Real Estate	-0.78
SZK	ProShares UltraShort Consumer Staples	-0.70
EMTY	ProShares Decline of the Retail Store ETF	-0.64

Frequently asked questions about FVD correlations

Which stocks are most correlated with FVD?: Based on one year of daily returns, the stocks most correlated with First Trust Value Line Dividend Fund (FVD) are LGLV (0.95), KNG (0.93) and SDY (0.92). 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 FVD?: Over the past year, the stocks most inversely correlated with First Trust Value Line Dividend Fund (FVD) are SRS (-0.78), DRV (-0.78) and REK (-0.78). 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 FVD correlations calculated?: We compute the correlation of daily returns between FVD 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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