Which stocks are most correlated with PGF?

Based on one year of daily returns, the stocks most correlated with Invesco Financial Preferred ETF (PGF) are PGX (0.88), PSK (0.77) and PFF (0.75). 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 PGF?

Over the past year, the stocks most inversely correlated with Invesco Financial Preferred ETF (PGF) are CARD (-0.55), EPV (-0.55) and EFZ (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco Financial Preferred ETF (PGF) — Stock Correlations & Overview

Over the past year, PGF has moved most closely with PGX, PSK, PFF. Explore the stocks most correlated and inversely correlated with PGF below, along with its price, financials, and company profile.

Stocks correlated with PGF

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

Most correlated with PGF

Symbol	Company	Correlation
PGX	Invesco Preferred ETFINVESTMENT ADVICE	0.88
PSK	State Street SPDR ICE Preferred Securities ETF	0.77
PFF	iShares Trust iShares Preferred and Income Securities ETF	0.75
COFpJ	Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series JNATIONAL COMMERCIAL BANKS	0.75
USBpQ	U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.73

Most inversely correlated with PGF

Symbol	Company	Correlation
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.55
EPV	ProShares UltraShort FTSE Europe	-0.55
EFZ	ProShares Trust Short MSCI EAFE	-0.54
EFU	ProShares Trust UltraShort MSCI EAFE	-0.54
SDD	ProShares UltraShort SmallCap600	-0.54

Frequently asked questions about PGF correlations

Which stocks are most correlated with PGF?: Based on one year of daily returns, the stocks most correlated with Invesco Financial Preferred ETF (PGF) are PGX (0.88), PSK (0.77) and PFF (0.75). 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 PGF?: Over the past year, the stocks most inversely correlated with Invesco Financial Preferred ETF (PGF) are CARD (-0.55), EPV (-0.55) and EFZ (-0.54). 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 PGF correlations calculated?: We compute the correlation of daily returns between PGF 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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