Which stocks are most correlated with IDE?

Based on one year of daily returns, the stocks most correlated with VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND (IDE) are CCEF (0.68), EXI (0.65) and XLII (0.63). 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 IDE?

Over the past year, the stocks most inversely correlated with VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND (IDE) are EFU (-0.59), SIJ (-0.58) and EFZ (-0.58). A negative correlation means the two stocks have tended to move in opposite directions.

VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND (IDE) — Stock Correlations & Overview

Over the past year, IDE has moved most closely with CCEF, EXI, XLII. Explore the stocks most correlated and inversely correlated with IDE below, along with its price, financials, and company profile.

Stocks correlated with IDE

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

Most correlated with IDE

Symbol	Company	Correlation
CCEF	Calamos CEF Income & Arbitrage ETF	0.68
EXI	iShares Global Industrials ETF	0.65
XLII	State Street Industrial Select Sector SPDR Premium Income ETF	0.63
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.63
FEBM	FT Vest U.S. Equity Max Buffer ETF - February	0.63

Most inversely correlated with IDE

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.59
SIJ	ProShares UltraShort Industrials	-0.58
EFZ	ProShares Trust Short MSCI EAFE	-0.58
EWV	ProShares Trust UltraShort MSCI Japan	-0.57
EPV	ProShares UltraShort FTSE Europe	-0.57

Frequently asked questions about IDE correlations

Which stocks are most correlated with IDE?: Based on one year of daily returns, the stocks most correlated with VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND (IDE) are CCEF (0.68), EXI (0.65) and XLII (0.63). 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 IDE?: Over the past year, the stocks most inversely correlated with VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND (IDE) are EFU (-0.59), SIJ (-0.58) and EFZ (-0.58). 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 IDE correlations calculated?: We compute the correlation of daily returns between IDE 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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