FT Vest Technology Dividend Target Income ETF (TDVI) — Stock Correlations & Overview
Over the past year, TDVI has moved most closely with TDIV, RSPT, TDV. Explore the stocks most correlated and inversely correlated with TDVI below, along with its price, financials, and company profile.
Stocks correlated with TDVI
Correlation of daily returns. Higher positive values move with TDVI; negative values move opposite it. Informational only, not investment advice.
Most correlated with TDVI
| Symbol | Company | Correlation |
|---|---|---|
| TDIV | First Trust Exchange-Traded Fund VI First Trust NASDAQ Technology Dividend Index Fund | 0.98 |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 0.88 |
| TDV | ProShares S&P Technology Dividend Aristocrats ETF | 0.88 |
| IGM | iShares Expanded Tech Sector ETF | 0.87 |
| FXL | First Trust Technology AlphaDEX Fund | 0.87 |
Frequently asked questions about TDVI correlations
- Which stocks are most correlated with TDVI?
- Based on one year of daily returns, the stocks most correlated with FT Vest Technology Dividend Target Income ETF (TDVI) are TDIV (0.98), RSPT (0.88) and TDV (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 TDVI?
- Over the past year, the stocks most inversely correlated with FT Vest Technology Dividend Target Income ETF (TDVI) are TECS (-0.85), REW (-0.84) and QID (-0.81). 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 TDVI correlations calculated?
- We compute the correlation of daily returns between TDVI 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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