Which stocks are most correlated with NPFI?

Based on one year of daily returns, the stocks most correlated with Nuveen Preferred and Income ETF (NPFI) are PQDI (0.85), SPHY (0.82) and JNK (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 NPFI?

Over the past year, the stocks most inversely correlated with Nuveen Preferred and Income ETF (NPFI) are EFZ (-0.64), EPV (-0.64) and EFU (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.

Nuveen Preferred and Income ETF (NPFI) — Stock Correlations & Overview

Over the past year, NPFI has moved most closely with PQDI, SPHY, JNK. Explore the stocks most correlated and inversely correlated with NPFI below, along with its price, financials, and company profile.

Stocks correlated with NPFI

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

Most correlated with NPFI

Symbol	Company	Correlation
PQDI	Principal Spectrum Preferred and Income ETF	0.85
SPHY	State Street SPDR Portfolio High Yield Bond ETF	0.82
JNK	State Street SPDR Bloomberg High Yield Bond ETF	0.81
SJNK	State Street SPDR Bloomberg Short Term High Yield Bond ETF	0.81
VGMS	Vanguard Multi-Sector Income Bond ETF	0.79

Most inversely correlated with NPFI

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.64
EPV	ProShares UltraShort FTSE Europe	-0.64
EFU	ProShares Trust UltraShort MSCI EAFE	-0.62
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.59
SPXU	ProShares UltraPro Short S&P 500	-0.58

Frequently asked questions about NPFI correlations

Which stocks are most correlated with NPFI?: Based on one year of daily returns, the stocks most correlated with Nuveen Preferred and Income ETF (NPFI) are PQDI (0.85), SPHY (0.82) and JNK (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 NPFI?: Over the past year, the stocks most inversely correlated with Nuveen Preferred and Income ETF (NPFI) are EFZ (-0.64), EPV (-0.64) and EFU (-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 NPFI correlations calculated?: We compute the correlation of daily returns between NPFI 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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