Which stocks are most correlated with XSLV?

Based on one year of daily returns, the stocks most correlated with Invesco S&P SmallCap Low Volatility ETF (XSLV) are SMDV (0.91), HSMV (0.90) and PSCF (0.89). 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 XSLV?

Over the past year, the stocks most inversely correlated with Invesco S&P SmallCap Low Volatility ETF (XSLV) are SKRE (-0.80), SBB (-0.68) and REK (-0.68). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco S&P SmallCap Low Volatility ETF (XSLV) — Stock Correlations & Overview

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

Stocks correlated with XSLV

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

Most correlated with XSLV

Symbol	Company	Correlation
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.91
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	0.90
PSCF	Invesco S&P SmallCap Financials ETFINVESTMENT ADVICE	0.89
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.89
SIXS	ETC 6 Meridian Small Cap Equity ETF	0.87

Most inversely correlated with XSLV

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.80
SBB	ProShares Short SmallCap600	-0.68
REK	ProShares Short Real Estate	-0.68
SRS	ProShares UltraShort Real Estate	-0.67
SDD	ProShares UltraShort SmallCap600	-0.67

Frequently asked questions about XSLV correlations

Which stocks are most correlated with XSLV?: Based on one year of daily returns, the stocks most correlated with Invesco S&P SmallCap Low Volatility ETF (XSLV) are SMDV (0.91), HSMV (0.90) and PSCF (0.89). 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 XSLV?: Over the past year, the stocks most inversely correlated with Invesco S&P SmallCap Low Volatility ETF (XSLV) are SKRE (-0.80), SBB (-0.68) and REK (-0.68). 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 XSLV correlations calculated?: We compute the correlation of daily returns between XSLV 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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