Which stocks are most correlated with TMDV?

Based on one year of daily returns, the stocks most correlated with ProShares Russell US Dividend Growers ETF (TMDV) are VSDA (0.94), NOBL (0.94) and SNPD (0.93). 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 TMDV?

Over the past year, the stocks most inversely correlated with ProShares Russell US Dividend Growers ETF (TMDV) are SRS (-0.71), REK (-0.70) and DRV (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.

ProShares Russell US Dividend Growers ETF (TMDV) — Stock Correlations & Overview

Over the past year, TMDV has moved most closely with VSDA, NOBL, SNPD. Explore the stocks most correlated and inversely correlated with TMDV below, along with its price, financials, and company profile.

Stocks correlated with TMDV

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

Most correlated with TMDV

Symbol	Company	Correlation
VSDA	VictoryShares Dividend Accelerator ETF	0.94
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	0.94
SNPD	Xtrackers S&P Dividend Aristocrats Screened ETF	0.93
SDY	State Street SPDR S&P Dividend ETF	0.92
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	0.92

Most inversely correlated with TMDV

Symbol	Company	Correlation
SRS	ProShares UltraShort Real Estate	-0.71
REK	ProShares Short Real Estate	-0.70
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.70
SZK	ProShares UltraShort Consumer Staples	-0.70
EMTY	ProShares Decline of the Retail Store ETF	-0.69

Frequently asked questions about TMDV correlations

Which stocks are most correlated with TMDV?: Based on one year of daily returns, the stocks most correlated with ProShares Russell US Dividend Growers ETF (TMDV) are VSDA (0.94), NOBL (0.94) and SNPD (0.93). 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 TMDV?: Over the past year, the stocks most inversely correlated with ProShares Russell US Dividend Growers ETF (TMDV) are SRS (-0.71), REK (-0.70) and DRV (-0.70). 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 TMDV correlations calculated?: We compute the correlation of daily returns between TMDV 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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