Which stocks are most correlated with SIXL?

Based on one year of daily returns, the stocks most correlated with ETC 6 Meridian Low Beta Equity ETF (SIXL) are SPLV (0.89), FVD (0.89) and LGLV (0.88). 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 SIXL?

Over the past year, the stocks most inversely correlated with ETC 6 Meridian Low Beta Equity ETF (SIXL) are REK (-0.76), SRS (-0.74) and DRV (-0.74). A negative correlation means the two stocks have tended to move in opposite directions.

ETC 6 Meridian Low Beta Equity ETF (SIXL) — Stock Correlations & Overview

Over the past year, SIXL has moved most closely with SPLV, FVD, LGLV. Explore the stocks most correlated and inversely correlated with SIXL below, along with its price, financials, and company profile.

Stocks correlated with SIXL

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

Most correlated with SIXL

Symbol	Company	Correlation
SPLV	Invesco S&P 500 Low Volatility ETF	0.89
FVD	First Trust Value Line Dividend Fund	0.89
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	0.88
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	0.87
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	0.86

Most inversely correlated with SIXL

Symbol	Company	Correlation
REK	ProShares Short Real Estate	-0.76
SRS	ProShares UltraShort Real Estate	-0.74
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.74
SZK	ProShares UltraShort Consumer Staples	-0.72
EMTY	ProShares Decline of the Retail Store ETF	-0.61

Frequently asked questions about SIXL correlations

Which stocks are most correlated with SIXL?: Based on one year of daily returns, the stocks most correlated with ETC 6 Meridian Low Beta Equity ETF (SIXL) are SPLV (0.89), FVD (0.89) and LGLV (0.88). 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 SIXL?: Over the past year, the stocks most inversely correlated with ETC 6 Meridian Low Beta Equity ETF (SIXL) are REK (-0.76), SRS (-0.74) and DRV (-0.74). 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 SIXL correlations calculated?: We compute the correlation of daily returns between SIXL 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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