Which stocks are most correlated with SPDG?

Based on one year of daily returns, the stocks most correlated with State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) are KNGZ (0.92), VALQ (0.90) and VTV (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 SPDG?

Over the past year, the stocks most inversely correlated with State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) are SDOW (-0.78), DXD (-0.77) and DOG (-0.77). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) — Stock Correlations & Overview

Over the past year, SPDG has moved most closely with KNGZ, VALQ, VTV. Explore the stocks most correlated and inversely correlated with SPDG below, along with its price, financials, and company profile.

Stocks correlated with SPDG

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

Most correlated with SPDG

Symbol	Company	Correlation
KNGZ	First Trust Exchange-Traded Fund VI First Trust S&P 500 Diversified Dividend Aristocrats ETF	0.92
VALQ	American Century U.S. Quality Value ETF	0.90
VTV	Vanguard Morningstar Value ETF	0.88
VYM	Vanguard High Dividend Yield ETF	0.88
BVAL	Bluemonte Large Cap Value ETF	0.87

Most inversely correlated with SPDG

Symbol	Company	Correlation
SDOW	ProShares UltraPro Short Dow 30	-0.78
DXD	ProShares UltraShort Dow 30	-0.77
DOG	ProShares Short Dow30	-0.77
SBB	ProShares Short SmallCap600	-0.76
MZZ	ProShares UltraShort MidCap400	-0.76

Frequently asked questions about SPDG correlations

Which stocks are most correlated with SPDG?: Based on one year of daily returns, the stocks most correlated with State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) are KNGZ (0.92), VALQ (0.90) and VTV (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 SPDG?: Over the past year, the stocks most inversely correlated with State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) are SDOW (-0.78), DXD (-0.77) and DOG (-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 SPDG correlations calculated?: We compute the correlation of daily returns between SPDG 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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