FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE) — Stock Correlations & Overview
Over the past year, XISE has moved most closely with XIDE, SPYT, GPIX. Explore the stocks most correlated and inversely correlated with XISE below, along with its price, financials, and company profile.
Stocks correlated with XISE
Correlation of daily returns. Higher positive values move with XISE; negative values move opposite it. Informational only, not investment advice.
Most correlated with XISE
| Symbol | Company | Correlation |
|---|---|---|
| XIDE | FT Vest U.S. Equity Buffer & Premium Income ETF - December | 0.80 |
| SPYT | Defiance S&P 500 Income Target ETF | 0.79 |
| GPIX | Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETF | 0.78 |
| CAIE | Calamos Autocallable Income ETF | 0.77 |
| XAUG | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | 0.77 |
Most inversely correlated with XISE
| Symbol | Company | Correlation |
|---|---|---|
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.70 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.69 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.69 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.69 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.67 |
Frequently asked questions about XISE correlations
- Which stocks are most correlated with XISE?
- Based on one year of daily returns, the stocks most correlated with FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE) are XIDE (0.80), SPYT (0.79) and GPIX (0.78). 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 XISE?
- Over the past year, the stocks most inversely correlated with FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE) are UVIX (-0.70), UVXY (-0.69) and VIXY (-0.69). 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 XISE correlations calculated?
- We compute the correlation of daily returns between XISE 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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