Which stocks are most correlated with MGOV?

Based on one year of daily returns, the stocks most correlated with First Trust Intermediate Government Opportunities ETF (MGOV) are FIXD (0.89), FTCB (0.88) and LGOV (0.87). 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 MGOV?

Over the past year, the stocks most inversely correlated with First Trust Intermediate Government Opportunities ETF (MGOV) are TYO (-0.83), PST (-0.83) and TMV (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Intermediate Government Opportunities ETF (MGOV) — Stock Correlations & Overview

Over the past year, MGOV has moved most closely with FIXD, FTCB, LGOV. Explore the stocks most correlated and inversely correlated with MGOV below, along with its price, financials, and company profile.

Stocks correlated with MGOV

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

Most correlated with MGOV

Symbol	Company	Correlation
FIXD	First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF	0.89
FTCB	First Trust Core Investment Grade ETF	0.88
LGOV	First Trust Long Duration Opportunities ETF	0.87
HISF	First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF	0.87
CPAG	F/m Compoundr U.S. Aggregate Bond ETF	0.85

Most inversely correlated with MGOV

Symbol	Company	Correlation
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.83
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.83
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.82
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.81
TBF	ProShares Short 20+ Year Treasury ETF	-0.81

Frequently asked questions about MGOV correlations

Which stocks are most correlated with MGOV?: Based on one year of daily returns, the stocks most correlated with First Trust Intermediate Government Opportunities ETF (MGOV) are FIXD (0.89), FTCB (0.88) and LGOV (0.87). 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 MGOV?: Over the past year, the stocks most inversely correlated with First Trust Intermediate Government Opportunities ETF (MGOV) are TYO (-0.83), PST (-0.83) and TMV (-0.82). 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 MGOV correlations calculated?: We compute the correlation of daily returns between MGOV 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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