Which stocks are most correlated with HDMV?

Based on one year of daily returns, the stocks most correlated with First Trust Horizon Managed Volatility Developed International ETF (HDMV) are EFAV (0.88), DTH (0.88) and QLVD (0.87). 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 HDMV?

Over the past year, the stocks most inversely correlated with First Trust Horizon Managed Volatility Developed International ETF (HDMV) are EPV (-0.81), EFZ (-0.77) and EFU (-0.76). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Horizon Managed Volatility Developed International ETF (HDMV) — Stock Correlations & Overview

Over the past year, HDMV has moved most closely with EFAV, DTH, QLVD. Explore the stocks most correlated and inversely correlated with HDMV below, along with its price, financials, and company profile.

Stocks correlated with HDMV

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

Most correlated with HDMV

Symbol	Company	Correlation
EFAV	iShares MSCI EAFE Min Vol Factor ETF	0.88
DTH	WisdomTree International High Dividend Fund	0.88
QLVD	Northern Trust Developed Markets ex-US Quality Low Volatility ETF	0.87
SCHY	Schwab International Dividend Equity ETF	0.87
DWX	State Street SPDR S&P International Dividend ETF	0.87

Most inversely correlated with HDMV

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.81
EFZ	ProShares Trust Short MSCI EAFE	-0.77
EFU	ProShares Trust UltraShort MSCI EAFE	-0.76
EWV	ProShares Trust UltraShort MSCI Japan	-0.61
BZQ	ProShares UltraShort MSCI Brazil Capped	-0.59

Frequently asked questions about HDMV correlations

Which stocks are most correlated with HDMV?: Based on one year of daily returns, the stocks most correlated with First Trust Horizon Managed Volatility Developed International ETF (HDMV) are EFAV (0.88), DTH (0.88) and QLVD (0.87). 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 HDMV?: Over the past year, the stocks most inversely correlated with First Trust Horizon Managed Volatility Developed International ETF (HDMV) are EPV (-0.81), EFZ (-0.77) and EFU (-0.76). 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 HDMV correlations calculated?: We compute the correlation of daily returns between HDMV 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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