Invesco S&P 500 Value with Momentum ETF (SPVM) — Stock Correlations & Overview
Over the past year, SPVM has moved most closely with IMCV, VOE, ULVM. Explore the stocks most correlated and inversely correlated with SPVM below, along with its price, financials, and company profile.
Stocks correlated with SPVM
Correlation of daily returns. Higher positive values move with SPVM; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPVM
| Symbol | Company | Correlation |
|---|---|---|
| IMCV | iShares Morningstar Mid-Cap Value ETF | 0.91 |
| VOE | Vanguard Morningstar Mid-Cap Value ETF | 0.90 |
| ULVM | VictoryShares US Value Momentum ETF | 0.89 |
| FTA | First Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI) | 0.89 |
| NUDV | Nuveen ESG Dividend ETF | 0.88 |
Frequently asked questions about SPVM correlations
- Which stocks are most correlated with SPVM?
- Based on one year of daily returns, the stocks most correlated with Invesco S&P 500 Value with Momentum ETF (SPVM) are IMCV (0.91), VOE (0.90) and ULVM (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 SPVM?
- Over the past year, the stocks most inversely correlated with Invesco S&P 500 Value with Momentum ETF (SPVM) are SKRE (-0.76), FAZ (-0.74) and SKF (-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 SPVM correlations calculated?
- We compute the correlation of daily returns between SPVM 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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