State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) — Stock Correlations & Overview
Over the past year, SPYD has moved most closely with SPHD, DIVG, CDL. Explore the stocks most correlated and inversely correlated with SPYD below, along with its price, financials, and company profile.
Stocks correlated with SPYD
Correlation of daily returns. Higher positive values move with SPYD; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPYD
| Symbol | Company | Correlation |
|---|---|---|
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETFINVESTMENT ADVICE | 0.93 |
| DIVG | Invesco S&P 500 High Dividend Growers ETFINVESTMENT ADVICE | 0.92 |
| CDL | VictoryShares US Large Cap High Div Volatility Wtd ETF | 0.90 |
| SDY | State Street SPDR S&P Dividend ETF | 0.90 |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 0.90 |
Frequently asked questions about SPYD correlations
- Which stocks are most correlated with SPYD?
- Based on one year of daily returns, the stocks most correlated with State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) are SPHD (0.93), DIVG (0.92) and CDL (0.90). 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 SPYD?
- Over the past year, the stocks most inversely correlated with State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) are SRS (-0.74), DRV (-0.74) and REK (-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 SPYD correlations calculated?
- We compute the correlation of daily returns between SPYD 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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