Which stocks are most correlated with PEY?

Based on one year of daily returns, the stocks most correlated with Invesco High Yield Equity Dividend Achievers ETF (PEY) are WBIY (0.88), SPYD (0.85) and FAB (0.84). 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 PEY?

Over the past year, the stocks most inversely correlated with Invesco High Yield Equity Dividend Achievers ETF (PEY) are DWSH (-0.72), HDGE (-0.72) and EMTY (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco High Yield Equity Dividend Achievers ETF (PEY) — Stock Correlations & Overview

Over the past year, PEY has moved most closely with WBIY, SPYD, FAB. Explore the stocks most correlated and inversely correlated with PEY below, along with its price, financials, and company profile.

Stocks correlated with PEY

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

Most correlated with PEY

Symbol	Company	Correlation
WBIY	WBI Power Factor High Dividend ETF	0.88
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	0.85
FAB	First Trust Multi Cap Value AlphaDEX Fund	0.84
DIVG	Invesco S&P 500 High Dividend Growers ETFINVESTMENT ADVICE	0.84
VFVA	Vanguard U.S. Value Factor ETF	0.84

Most inversely correlated with PEY

Symbol	Company	Correlation
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.72
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.72
EMTY	ProShares Decline of the Retail Store ETF	-0.67
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.62
SBB	ProShares Short SmallCap600	-0.59

Frequently asked questions about PEY correlations

Which stocks are most correlated with PEY?: Based on one year of daily returns, the stocks most correlated with Invesco High Yield Equity Dividend Achievers ETF (PEY) are WBIY (0.88), SPYD (0.85) and FAB (0.84). 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 PEY?: Over the past year, the stocks most inversely correlated with Invesco High Yield Equity Dividend Achievers ETF (PEY) are DWSH (-0.72), HDGE (-0.72) and EMTY (-0.67). 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 PEY correlations calculated?: We compute the correlation of daily returns between PEY 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.