Which stocks are most correlated with IPKW?

Based on one year of daily returns, the stocks most correlated with Invesco International BuyBack Achievers ETF (IPKW) are DFIV (0.94), AVIV (0.91) and VYMI (0.91). 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 IPKW?

Over the past year, the stocks most inversely correlated with Invesco International BuyBack Achievers ETF (IPKW) are EPV (-0.86), EFU (-0.86) and EFZ (-0.85). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco International BuyBack Achievers ETF (IPKW) — Stock Correlations & Overview

Over the past year, IPKW has moved most closely with DFIV, AVIV, VYMI. Explore the stocks most correlated and inversely correlated with IPKW below, along with its price, financials, and company profile.

Stocks correlated with IPKW

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

Most correlated with IPKW

Symbol	Company	Correlation
DFIV	Dimensional International Value ETF	0.94
AVIV	Avantis International Large Cap Value ETF	0.91
VYMI	Vanguard International High Dividend Yield ETF	0.91
RFDI	First Trust RiverFront Dynamic Developed International ETF	0.91
IVLU	iShares MSCI Intl Value Factor ETF	0.91

Most inversely correlated with IPKW

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.86
EFU	ProShares Trust UltraShort MSCI EAFE	-0.86
EFZ	ProShares Trust Short MSCI EAFE	-0.85
EWV	ProShares Trust UltraShort MSCI Japan	-0.77
EUM	ProShares Trust Short MSCI Emerging Markets	-0.69

Frequently asked questions about IPKW correlations

Which stocks are most correlated with IPKW?: Based on one year of daily returns, the stocks most correlated with Invesco International BuyBack Achievers ETF (IPKW) are DFIV (0.94), AVIV (0.91) and VYMI (0.91). 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 IPKW?: Over the past year, the stocks most inversely correlated with Invesco International BuyBack Achievers ETF (IPKW) are EPV (-0.86), EFU (-0.86) and EFZ (-0.85). 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 IPKW correlations calculated?: We compute the correlation of daily returns between IPKW 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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