Northern Trust STOXX Global Broad Infrastructure ETF (NFRA) — Stock Correlations & Overview
Over the past year, NFRA has moved most closely with RIFR, IGF, QLVD. Explore the stocks most correlated and inversely correlated with NFRA below, along with its price, financials, and company profile.
Stocks correlated with NFRA
Correlation of daily returns. Higher positive values move with NFRA; negative values move opposite it. Informational only, not investment advice.
Most correlated with NFRA
| Symbol | Company | Correlation |
|---|---|---|
| RIFR | Russell Investments Exchange Traded Funds Russell Investments Global Infrastructure ETF | 0.75 |
| IGF | iShares Global Infrastructure ETF | 0.74 |
| QLVD | Northern Trust Developed Markets ex-US Quality Low Volatility ETF | 0.72 |
| GLIX | Lazard Listed Infrastructure ETF | 0.72 |
| BILD | Nomura Global Listed Infrastructure ETF | 0.72 |
Frequently asked questions about NFRA correlations
- Which stocks are most correlated with NFRA?
- Based on one year of daily returns, the stocks most correlated with Northern Trust STOXX Global Broad Infrastructure ETF (NFRA) are RIFR (0.75), IGF (0.74) and QLVD (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 NFRA?
- Over the past year, the stocks most inversely correlated with Northern Trust STOXX Global Broad Infrastructure ETF (NFRA) are EPV (-0.62), EFZ (-0.58) and EFU (-0.58). 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 NFRA correlations calculated?
- We compute the correlation of daily returns between NFRA 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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