Which stocks are most correlated with ONEY?

Based on one year of daily returns, the stocks most correlated with State Street SPDR Russell 1000 Yield Focus ETF (ONEY) are IMCV (0.93), ONEV (0.92) and FTA (0.92). 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 ONEY?

Over the past year, the stocks most inversely correlated with State Street SPDR Russell 1000 Yield Focus ETF (ONEY) are SMN (-0.73), SBB (-0.71) and SDD (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR Russell 1000 Yield Focus ETF (ONEY) — Stock Correlations & Overview

Over the past year, ONEY has moved most closely with IMCV, ONEV, FTA. Explore the stocks most correlated and inversely correlated with ONEY below, along with its price, financials, and company profile.

Stocks correlated with ONEY

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

Most correlated with ONEY

Symbol	Company	Correlation
IMCV	iShares Morningstar Mid-Cap Value ETF	0.93
ONEV	State Street SPDR Russell 1000 Low Volatility Focus ETF	0.92
FTA	First Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.92
FAB	First Trust Multi Cap Value AlphaDEX Fund	0.92
SPDV	AAM S&P 500 High Dividend Value ETF	0.91

Most inversely correlated with ONEY

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.73
SBB	ProShares Short SmallCap600	-0.71
SDD	ProShares UltraShort SmallCap600	-0.70
EMTY	ProShares Decline of the Retail Store ETF	-0.69
SMDD	ProShares UltraPro Short MidCap400	-0.68

Frequently asked questions about ONEY correlations

Which stocks are most correlated with ONEY?: Based on one year of daily returns, the stocks most correlated with State Street SPDR Russell 1000 Yield Focus ETF (ONEY) are IMCV (0.93), ONEV (0.92) and FTA (0.92). 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 ONEY?: Over the past year, the stocks most inversely correlated with State Street SPDR Russell 1000 Yield Focus ETF (ONEY) are SMN (-0.73), SBB (-0.71) and SDD (-0.70). 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 ONEY correlations calculated?: We compute the correlation of daily returns between ONEY 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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