iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) — Stock Correlations & Overview
Over the past year, SMMV has moved most closely with HSMV, ONEV, FSCS. Explore the stocks most correlated and inversely correlated with SMMV below, along with its price, financials, and company profile.
Stocks correlated with SMMV
Correlation of daily returns. Higher positive values move with SMMV; negative values move opposite it. Informational only, not investment advice.
Most correlated with SMMV
| Symbol | Company | Correlation |
|---|---|---|
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 0.87 |
| ONEV | State Street SPDR Russell 1000 Low Volatility Focus ETF | 0.86 |
| FSCS | First Trust Exchange-Traded Fund VI First Trust SMID Capital Strength ETF | 0.85 |
| FLQM | Franklin U.S. Mid Cap Multifactor Index ETF | 0.85 |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 0.84 |
Frequently asked questions about SMMV correlations
- Which stocks are most correlated with SMMV?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) are HSMV (0.87), ONEV (0.86) and FSCS (0.85). 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 SMMV?
- Over the past year, the stocks most inversely correlated with iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) are REK (-0.72), SRS (-0.71) and DRV (-0.71). 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 SMMV correlations calculated?
- We compute the correlation of daily returns between SMMV 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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