Northern Trust Developed Markets ex-US Quality Low Volatility ETF (QLVD) — Stock Correlations & Overview
Over the past year, QLVD has moved most closely with IGRO, FIDI, HDEF. Explore the stocks most correlated and inversely correlated with QLVD below, along with its price, financials, and company profile.
Stocks correlated with QLVD
Correlation of daily returns. Higher positive values move with QLVD; negative values move opposite it. Informational only, not investment advice.
Most correlated with QLVD
| Symbol | Company | Correlation |
|---|---|---|
| IGRO | iShares International Dividend Growth ETF | 0.90 |
| FIDI | Fidelity International High Dividend ETF | 0.90 |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 0.89 |
| FDEV | Fidelity International Multifactor ETF | 0.89 |
| QEFA | State Street SPDR MSCI EAFE StrategicFactors ETF | 0.89 |
Frequently asked questions about QLVD correlations
- Which stocks are most correlated with QLVD?
- Based on one year of daily returns, the stocks most correlated with Northern Trust Developed Markets ex-US Quality Low Volatility ETF (QLVD) are IGRO (0.90), FIDI (0.90) and HDEF (0.89). 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 QLVD?
- Over the past year, the stocks most inversely correlated with Northern Trust Developed Markets ex-US Quality Low Volatility ETF (QLVD) are EPV (-0.84), EFU (-0.80) and EFZ (-0.77). 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 QLVD correlations calculated?
- We compute the correlation of daily returns between QLVD 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.