Which stocks are most correlated with PTA?

Based on one year of daily returns, the stocks most correlated with Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) are LDP (0.69), FCEF (0.69) and PSF (0.64). 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 PTA?

Over the past year, the stocks most inversely correlated with Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) are SPXU (-0.56), SPXS (-0.56) and SDS (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) — Stock Correlations & Overview

Over the past year, PTA has moved most closely with LDP, FCEF, PSF. Explore the stocks most correlated and inversely correlated with PTA below, along with its price, financials, and company profile.

Stocks correlated with PTA

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

Most correlated with PTA

Symbol	Company	Correlation
LDP	COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC	0.69
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.69
PSF	COHEN & STEERS SELECT PREFERRED AND INCOME FUND	0.64
DFP	FLAHERTY & CRUMRINE DYNAMIC PREFERRED AND INCOME FUND INCORPORATED	0.64
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.61

Most inversely correlated with PTA

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.56
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.56
SDS	ProShares UltraShort S&P500	-0.56
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.55
SH	ProShares Short S&P500	-0.55

Frequently asked questions about PTA correlations

Which stocks are most correlated with PTA?: Based on one year of daily returns, the stocks most correlated with Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) are LDP (0.69), FCEF (0.69) and PSF (0.64). 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 PTA?: Over the past year, the stocks most inversely correlated with Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) are SPXU (-0.56), SPXS (-0.56) and SDS (-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 PTA correlations calculated?: We compute the correlation of daily returns between PTA 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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