ALPS Dynamic Core Income ETF (RFCI) — Stock Correlations & Overview
Over the past year, RFCI has moved most closely with SMTH, CPAG, UST. Explore the stocks most correlated and inversely correlated with RFCI below, along with its price, financials, and company profile.
Stocks correlated with RFCI
Correlation of daily returns. Higher positive values move with RFCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with RFCI
| Symbol | Company | Correlation |
|---|---|---|
| SMTH | ALPS Smith Core Plus Bond ETF | 0.91 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.86 |
| UST | ProShares Ultra 7-10 Year Treasury | 0.83 |
| JMBS | Janus Henderson Mortgage-Backed Securities ETF | 0.83 |
| TYD | Direxion Daily 7-10 Year Treasury Bull 3X ETF | 0.83 |
Most inversely correlated with RFCI
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.83 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.82 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.80 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.79 |
| TBX | ProShares Short 7-10 Year Treasury | -0.78 |
Frequently asked questions about RFCI correlations
- Which stocks are most correlated with RFCI?
- Based on one year of daily returns, the stocks most correlated with ALPS Dynamic Core Income ETF (RFCI) are SMTH (0.91), CPAG (0.86) and UST (0.83). 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 RFCI?
- Over the past year, the stocks most inversely correlated with ALPS Dynamic Core Income ETF (RFCI) are TYO (-0.83), PST (-0.82) and TMV (-0.80). 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 RFCI correlations calculated?
- We compute the correlation of daily returns between RFCI 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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