Monarch Dividend Plus Index ETF (MDPL) — Stock Correlations & Overview
Over the past year, MDPL has moved most closely with RUNN, DSTL, FLOW. Explore the stocks most correlated and inversely correlated with MDPL below, along with its price, financials, and company profile.
Stocks correlated with MDPL
Correlation of daily returns. Higher positive values move with MDPL; negative values move opposite it. Informational only, not investment advice.
Most correlated with MDPL
| Symbol | Company | Correlation |
|---|---|---|
| RUNN | Strategic Trust Running Oak Efficient Growth ETF | 0.83 |
| DSTL | Distillate U.S. Fundamental Stability & Value ETF | 0.81 |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 0.81 |
| SHRY | First Trust Exchange-Traded Fund VI First Trust Bloomberg Shareholder Yield ETF | 0.80 |
| COWZ | Pacer US Cash Cows 100 ETF | 0.80 |
Frequently asked questions about MDPL correlations
- Which stocks are most correlated with MDPL?
- Based on one year of daily returns, the stocks most correlated with Monarch Dividend Plus Index ETF (MDPL) are RUNN (0.83), DSTL (0.81) and FLOW (0.81). 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 MDPL?
- Over the past year, the stocks most inversely correlated with Monarch Dividend Plus Index ETF (MDPL) are HDGE (-0.76), DWSH (-0.75) and SEF (-0.62). 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 MDPL correlations calculated?
- We compute the correlation of daily returns between MDPL 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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