Which stocks are most correlated with FYEE?

Based on one year of daily returns, the stocks most correlated with Fidelity Yield Enhanced Equity ETF (FYEE) are FBUF (0.90), EDGE (0.89) and FELC (0.89). 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 FYEE?

Over the past year, the stocks most inversely correlated with Fidelity Yield Enhanced Equity ETF (FYEE) are SPDN (-0.87), SPXS (-0.87) and SPXU (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

Fidelity Yield Enhanced Equity ETF (FYEE) — Stock Correlations & Overview

Over the past year, FYEE has moved most closely with FBUF, EDGE, FELC. Explore the stocks most correlated and inversely correlated with FYEE below, along with its price, financials, and company profile.

Stocks correlated with FYEE

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

Most correlated with FYEE

Symbol	Company	Correlation
FBUF	Fidelity Dynamic Buffered Equity ETF	0.90
EDGE	MRBL Enhanced Equity ETFPHARMACEUTICAL PREPARATIONS	0.89
FELC	Fidelity Enhanced Large Cap Core ETF	0.89
BUFR	FT Vest Laddered Buffer ETF	0.89
SPY	State Street SPDR S&P 500 ETF Trust	0.88

Most inversely correlated with FYEE

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

Frequently asked questions about FYEE correlations

Which stocks are most correlated with FYEE?: Based on one year of daily returns, the stocks most correlated with Fidelity Yield Enhanced Equity ETF (FYEE) are FBUF (0.90), EDGE (0.89) and FELC (0.89). 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 FYEE?: Over the past year, the stocks most inversely correlated with Fidelity Yield Enhanced Equity ETF (FYEE) are SPDN (-0.87), SPXS (-0.87) and SPXU (-0.87). 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 FYEE correlations calculated?: We compute the correlation of daily returns between FYEE 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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