Which stocks are most correlated with IYG?

Based on one year of daily returns, the stocks most correlated with iShares U.S. Financial Services ETF (IYG) are VFH (0.98), XLF (0.98) and FNCL (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 IYG?

Over the past year, the stocks most inversely correlated with iShares U.S. Financial Services ETF (IYG) are FAZ (-0.98), SKF (-0.98) and SEF (-0.97). A negative correlation means the two stocks have tended to move in opposite directions.

iShares U.S. Financial Services ETF (IYG) — Stock Correlations & Overview

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

Stocks correlated with IYG

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

Most correlated with IYG

Symbol	Company	Correlation
VFH	Vanguard Financials ETF	0.98
XLF	State Street Financial Select Sector SPDR ETFSTATE COMMERCIAL BANKS	0.98
FNCL	Fidelity MSCI Financials Index ETF	0.98
IYF	iShares U.S. Financials ETF	0.98
TFNS	T. Rowe Price Financials ETF	0.97

Most inversely correlated with IYG

Symbol	Company	Correlation
FAZ	Direxion Daily Financial Bear 3x ETF	-0.98
SKF	ProShares UltraShort Financials	-0.98
SEF	ProShares Short Financials	-0.97
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.91
SDOW	ProShares UltraPro Short Dow 30	-0.79

Frequently asked questions about IYG correlations

Which stocks are most correlated with IYG?: Based on one year of daily returns, the stocks most correlated with iShares U.S. Financial Services ETF (IYG) are VFH (0.98), XLF (0.98) and FNCL (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 IYG?: Over the past year, the stocks most inversely correlated with iShares U.S. Financial Services ETF (IYG) are FAZ (-0.98), SKF (-0.98) and SEF (-0.97). 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 IYG correlations calculated?: We compute the correlation of daily returns between IYG 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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