Which stocks are most correlated with IXG?

Based on one year of daily returns, the stocks most correlated with iShares Global Financials ETF (IXG) are IYG (0.89), IYF (0.89) and GSIB (0.88). 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 IXG?

Over the past year, the stocks most inversely correlated with iShares Global Financials ETF (IXG) are SKF (-0.86), FAZ (-0.86) and SEF (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

iShares Global Financials ETF (IXG) — Stock Correlations & Overview

Over the past year, IXG has moved most closely with IYG, IYF, GSIB. Explore the stocks most correlated and inversely correlated with IXG below, along with its price, financials, and company profile.

Stocks correlated with IXG

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

Most correlated with IXG

Symbol	Company	Correlation
IYG	iShares U.S. Financial Services ETF	0.89
IYF	iShares U.S. Financials ETF	0.89
GSIB	Themes Global Systemically Important Banks ETF	0.88
VFH	Vanguard Financials ETF	0.87
FNCL	Fidelity MSCI Financials Index ETF	0.87

Most inversely correlated with IXG

Symbol	Company	Correlation
SKF	ProShares UltraShort Financials	-0.86
FAZ	Direxion Daily Financial Bear 3x ETF	-0.86
SEF	ProShares Short Financials	-0.86
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.84
SDOW	ProShares UltraPro Short Dow 30	-0.83

Frequently asked questions about IXG correlations

Which stocks are most correlated with IXG?: Based on one year of daily returns, the stocks most correlated with iShares Global Financials ETF (IXG) are IYG (0.89), IYF (0.89) and GSIB (0.88). 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 IXG?: Over the past year, the stocks most inversely correlated with iShares Global Financials ETF (IXG) are SKF (-0.86), FAZ (-0.86) and SEF (-0.86). 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 IXG correlations calculated?: We compute the correlation of daily returns between IXG 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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