iShares U.S. Financials ETF (IYF) — Stock Correlations & Overview
Over the past year, IYF has moved most closely with VFH, FNCL, IYG. Explore the stocks most correlated and inversely correlated with IYF below, along with its price, financials, and company profile.
Stocks correlated with IYF
Correlation of daily returns. Higher positive values move with IYF; negative values move opposite it. Informational only, not investment advice.
Most correlated with IYF
| Symbol | Company | Correlation |
|---|---|---|
| VFH | Vanguard Financials ETF | 0.98 |
| FNCL | Fidelity MSCI Financials Index ETF | 0.98 |
| IYG | iShares U.S. Financial Services ETF | 0.98 |
| XLF | State Street Financial Select Sector SPDR ETFSTATE COMMERCIAL BANKS | 0.97 |
| TFNS | T. Rowe Price Financials ETF | 0.97 |
Most inversely correlated with IYF
| Symbol | Company | Correlation |
|---|---|---|
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.97 |
| SKF | ProShares UltraShort Financials | -0.97 |
| SEF | ProShares Short Financials | -0.96 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.90 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.77 |
Frequently asked questions about IYF correlations
- Which stocks are most correlated with IYF?
- Based on one year of daily returns, the stocks most correlated with iShares U.S. Financials ETF (IYF) are VFH (0.98), FNCL (0.98) and IYG (0.98). 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 IYF?
- Over the past year, the stocks most inversely correlated with iShares U.S. Financials ETF (IYF) are FAZ (-0.97), SKF (-0.97) and SEF (-0.96). 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 IYF correlations calculated?
- We compute the correlation of daily returns between IYF 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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