Which stocks are most correlated with IPAV?

Based on one year of daily returns, the stocks most correlated with Global X Infrastructure Development ex-U.S. ETF (IPAV) are DFAX (0.92), AVNM (0.92) and EDGI (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 IPAV?

Over the past year, the stocks most inversely correlated with Global X Infrastructure Development ex-U.S. ETF (IPAV) are EFU (-0.87), EPV (-0.84) and EFZ (-0.84). A negative correlation means the two stocks have tended to move in opposite directions.

Global X Infrastructure Development ex-U.S. ETF (IPAV) — Stock Correlations & Overview

Over the past year, IPAV has moved most closely with DFAX, AVNM, EDGI. Explore the stocks most correlated and inversely correlated with IPAV below, along with its price, financials, and company profile.

Stocks correlated with IPAV

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

Most correlated with IPAV

Symbol	Company	Correlation
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	0.92
AVNM	Avantis All International Markets Equity ETF	0.92
EDGI	3EDGE Dynamic International Equity ETF	0.92
AVNV	Avantis All International Markets Value ETF	0.92
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	0.91

Most inversely correlated with IPAV

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.87
EPV	ProShares UltraShort FTSE Europe	-0.84
EFZ	ProShares Trust Short MSCI EAFE	-0.84
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.83
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.83

Frequently asked questions about IPAV correlations

Which stocks are most correlated with IPAV?: Based on one year of daily returns, the stocks most correlated with Global X Infrastructure Development ex-U.S. ETF (IPAV) are DFAX (0.92), AVNM (0.92) and EDGI (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 IPAV?: Over the past year, the stocks most inversely correlated with Global X Infrastructure Development ex-U.S. ETF (IPAV) are EFU (-0.87), EPV (-0.84) and EFZ (-0.84). 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 IPAV correlations calculated?: We compute the correlation of daily returns between IPAV 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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