Which stocks are most correlated with PGX?

Based on one year of daily returns, the stocks most correlated with Invesco Preferred ETF (PGX) are PGF (0.88), PSK (0.78) and PFF (0.78). 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 PGX?

Over the past year, the stocks most inversely correlated with Invesco Preferred ETF (PGX) are EPV (-0.57), EFZ (-0.57) and EFU (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco Preferred ETF (PGX) — Stock Correlations & Overview

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

Stocks correlated with PGX

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

Most correlated with PGX

Symbol	Company	Correlation
PGF	Invesco Financial Preferred ETF	0.88
PSK	State Street SPDR ICE Preferred Securities ETF	0.78
PFF	iShares Trust iShares Preferred and Income Securities ETF	0.78
PFFD	Global X U.S. Preferred ETF	0.78
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	0.76

Most inversely correlated with PGX

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.57
EFZ	ProShares Trust Short MSCI EAFE	-0.57
EFU	ProShares Trust UltraShort MSCI EAFE	-0.56
SPXU	ProShares UltraPro Short S&P 500	-0.56
SDS	ProShares UltraShort S&P500	-0.55

Frequently asked questions about PGX correlations

Which stocks are most correlated with PGX?: Based on one year of daily returns, the stocks most correlated with Invesco Preferred ETF (PGX) are PGF (0.88), PSK (0.78) and PFF (0.78). 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 PGX?: Over the past year, the stocks most inversely correlated with Invesco Preferred ETF (PGX) are EPV (-0.57), EFZ (-0.57) and EFU (-0.56). 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 PGX correlations calculated?: We compute the correlation of daily returns between PGX 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.