Which stocks are most correlated with LDP?

Based on one year of daily returns, the stocks most correlated with COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC (LDP) are PSF (0.75), DFP (0.73) and CEFD (0.72). 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 LDP?

Over the past year, the stocks most inversely correlated with COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC (LDP) are SPXU (-0.60), SPXS (-0.60) and SDS (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.

COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC (LDP) — Stock Correlations & Overview

Over the past year, LDP has moved most closely with PSF, DFP, CEFD. Explore the stocks most correlated and inversely correlated with LDP below, along with its price, financials, and company profile.

Stocks correlated with LDP

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

Most correlated with LDP

Symbol	Company	Correlation
PSF	COHEN & STEERS SELECT PREFERRED AND INCOME FUND	0.75
DFP	FLAHERTY & CRUMRINE DYNAMIC PREFERRED AND INCOME FUND INCORPORATED	0.73
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.72
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.72
FFC	Flaherty & Crumrine Preferred and Income Securities Fund Incorporated	0.72

Most inversely correlated with LDP

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.60
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.60
SDS	ProShares UltraShort S&P500	-0.60
SH	ProShares Short S&P500	-0.59
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.59

Frequently asked questions about LDP correlations

Which stocks are most correlated with LDP?: Based on one year of daily returns, the stocks most correlated with COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC (LDP) are PSF (0.75), DFP (0.73) and CEFD (0.72). 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 LDP?: Over the past year, the stocks most inversely correlated with COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC (LDP) are SPXU (-0.60), SPXS (-0.60) and SDS (-0.60). 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 LDP correlations calculated?: We compute the correlation of daily returns between LDP 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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