Which stocks are most correlated with WBIY?

Based on one year of daily returns, the stocks most correlated with WBI Power Factor High Dividend ETF (WBIY) are PEY (0.88), SPYD (0.85) and FTA (0.84). 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 WBIY?

Over the past year, the stocks most inversely correlated with WBI Power Factor High Dividend ETF (WBIY) are DWSH (-0.67), HDGE (-0.66) and EMTY (-0.66). A negative correlation means the two stocks have tended to move in opposite directions.

WBI Power Factor High Dividend ETF (WBIY) — Stock Correlations & Overview

Over the past year, WBIY has moved most closely with PEY, SPYD, FTA. Explore the stocks most correlated and inversely correlated with WBIY below, along with its price, financials, and company profile.

Stocks correlated with WBIY

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

Most correlated with WBIY

Symbol	Company	Correlation
PEY	Invesco High Yield Equity Dividend Achievers ETF	0.88
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	0.85
FTA	First Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.84
SDOG	ALPS Sector Dividend Dogs ETF	0.83
FAB	First Trust Multi Cap Value AlphaDEX Fund	0.82

Most inversely correlated with WBIY

Symbol	Company	Correlation
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.67
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.66
EMTY	ProShares Decline of the Retail Store ETF	-0.66
SBB	ProShares Short SmallCap600	-0.56
SDD	ProShares UltraShort SmallCap600	-0.55

Frequently asked questions about WBIY correlations

Which stocks are most correlated with WBIY?: Based on one year of daily returns, the stocks most correlated with WBI Power Factor High Dividend ETF (WBIY) are PEY (0.88), SPYD (0.85) and FTA (0.84). 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 WBIY?: Over the past year, the stocks most inversely correlated with WBI Power Factor High Dividend ETF (WBIY) are DWSH (-0.67), HDGE (-0.66) and EMTY (-0.66). 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 WBIY correlations calculated?: We compute the correlation of daily returns between WBIY 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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