Which stocks are most correlated with NXDT?

Based on one year of daily returns, the stocks most correlated with NexPoint Diversified Real Estate Trust (NXDT) are FBCV (0.36), DEEP (0.36) and SPXD (0.36). 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 NXDT?

Over the past year, the stocks most inversely correlated with NexPoint Diversified Real Estate Trust (NXDT) are SCC (-0.32), SDD (-0.31) and TZA (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

NexPoint Diversified Real Estate Trust (NXDT) — Stock Correlations & Overview

Over the past year, NXDT has moved most closely with FBCV, DEEP, SPXD. Explore the stocks most correlated and inversely correlated with NXDT below, along with its price, financials, and company profile.

Stocks correlated with NXDT

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

Most correlated with NXDT

Symbol	Company	Correlation
FBCV	Fidelity Blue Chip Value ETF	0.36
DEEP	Acquirers Small and Micro Deep Value ETF	0.36
SPXD	Xtrackers S&P 500 Diversified Sector Weight ETF	0.36
BTR	Beacon Tactical Risk ETF	0.36
EQL	ALPS Equal Sector Weight ETF	0.35

Most inversely correlated with NXDT

Symbol	Company	Correlation
SCC	ProShares UltraShort Consumer Discretionary	-0.32
SDD	ProShares UltraShort SmallCap600	-0.31
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.30
SBB	ProShares Short SmallCap600	-0.30
TWM	ProShares UltraShort Russell2000	-0.30

Frequently asked questions about NXDT correlations

Which stocks are most correlated with NXDT?: Based on one year of daily returns, the stocks most correlated with NexPoint Diversified Real Estate Trust (NXDT) are FBCV (0.36), DEEP (0.36) and SPXD (0.36). 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 NXDT?: Over the past year, the stocks most inversely correlated with NexPoint Diversified Real Estate Trust (NXDT) are SCC (-0.32), SDD (-0.31) and TZA (-0.30). 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 NXDT correlations calculated?: We compute the correlation of daily returns between NXDT 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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