State Street SPDR S&P Global Dividend ETF (WDIV) — Stock Correlations & Overview
Over the past year, WDIV has moved most closely with FID, DWX, IGRO. Explore the stocks most correlated and inversely correlated with WDIV below, along with its price, financials, and company profile.
Stocks correlated with WDIV
Correlation of daily returns. Higher positive values move with WDIV; negative values move opposite it. Informational only, not investment advice.
Most correlated with WDIV
| Symbol | Company | Correlation |
|---|---|---|
| FID | First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF | 0.88 |
| DWX | State Street SPDR S&P International Dividend ETF | 0.86 |
| IGRO | iShares International Dividend Growth ETF | 0.84 |
| QLVD | Northern Trust Developed Markets ex-US Quality Low Volatility ETF | 0.84 |
| IDLV | Invesco S&P International Developed Low Volatility ETF | 0.83 |
Frequently asked questions about WDIV correlations
- Which stocks are most correlated with WDIV?
- Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Global Dividend ETF (WDIV) are FID (0.88), DWX (0.86) and IGRO (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 WDIV?
- Over the past year, the stocks most inversely correlated with State Street SPDR S&P Global Dividend ETF (WDIV) are EPV (-0.81), EFU (-0.76) and EFZ (-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 WDIV correlations calculated?
- We compute the correlation of daily returns between WDIV 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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