Which stocks are most correlated with XMLV?

Based on one year of daily returns, the stocks most correlated with Invesco S&P MidCap Low Volatility ETF (XMLV) are HSMV (0.93), REGL (0.87) and XSLV (0.86). 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 XMLV?

Over the past year, the stocks most inversely correlated with Invesco S&P MidCap Low Volatility ETF (XMLV) are REK (-0.81), SRS (-0.80) and DRV (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco S&P MidCap Low Volatility ETF (XMLV) — Stock Correlations & Overview

Over the past year, XMLV has moved most closely with HSMV, REGL, XSLV. Explore the stocks most correlated and inversely correlated with XMLV below, along with its price, financials, and company profile.

Stocks correlated with XMLV

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

Most correlated with XMLV

Symbol	Company	Correlation
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	0.93
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	0.87
XSLV	Invesco S&P SmallCap Low Volatility ETF	0.86
SIXL	ETC 6 Meridian Low Beta Equity ETF	0.86
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	0.86

Most inversely correlated with XMLV

Symbol	Company	Correlation
REK	ProShares Short Real Estate	-0.81
SRS	ProShares UltraShort Real Estate	-0.80
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.80
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.63
EMTY	ProShares Decline of the Retail Store ETF	-0.58

Frequently asked questions about XMLV correlations

Which stocks are most correlated with XMLV?: Based on one year of daily returns, the stocks most correlated with Invesco S&P MidCap Low Volatility ETF (XMLV) are HSMV (0.93), REGL (0.87) and XSLV (0.86). 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 XMLV?: Over the past year, the stocks most inversely correlated with Invesco S&P MidCap Low Volatility ETF (XMLV) are REK (-0.81), SRS (-0.80) and DRV (-0.80). 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 XMLV correlations calculated?: We compute the correlation of daily returns between XMLV 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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