Franklin U.S. Dividend Booster Index ETF (XUDV) — Stock Correlations & Overview
Over the past year, XUDV has moved most closely with SPDV, ONEY, EQAL. Explore the stocks most correlated and inversely correlated with XUDV below, along with its price, financials, and company profile.
Stocks correlated with XUDV
Correlation of daily returns. Higher positive values move with XUDV; negative values move opposite it. Informational only, not investment advice.
Most correlated with XUDV
| Symbol | Company | Correlation |
|---|---|---|
| SPDV | AAM S&P 500 High Dividend Value ETF | 0.84 |
| ONEY | State Street SPDR Russell 1000 Yield Focus ETF | 0.83 |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 0.83 |
| KNGZ | First Trust Exchange-Traded Fund VI First Trust S&P 500 Diversified Dividend Aristocrats ETF | 0.83 |
| SHUS | Stratified LargeCap Hedged ETF | 0.83 |
Frequently asked questions about XUDV correlations
- Which stocks are most correlated with XUDV?
- Based on one year of daily returns, the stocks most correlated with Franklin U.S. Dividend Booster Index ETF (XUDV) are SPDV (0.84), ONEY (0.83) and EQAL (0.83). 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 XUDV?
- Over the past year, the stocks most inversely correlated with Franklin U.S. Dividend Booster Index ETF (XUDV) are SBB (-0.73), SDD (-0.72) and SRTY (-0.70). 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 XUDV correlations calculated?
- We compute the correlation of daily returns between XUDV 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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