iShares MSCI ACWI ex US ETF (ACWX) — Stock Correlations & Overview
Over the past year, ACWX has moved most closely with IXUS, VEU, FINT. Explore the stocks most correlated and inversely correlated with ACWX below, along with its price, financials, and company profile.
Stocks correlated with ACWX
Correlation of daily returns. Higher positive values move with ACWX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACWX
| Symbol | Company | Correlation |
|---|---|---|
| IXUS | iShares Core MSCI Total International Stock ETF | 1.00 |
| VEU | Vanguard FTSE All-World Ex-US ETF | 0.99 |
| FINT | Frontier Asset Total International Equity ETF | 0.98 |
| VXUS | Vanguard Total International Stock ETF | 0.98 |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 0.98 |
Most inversely correlated with ACWX
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.93 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.92 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.92 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.92 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.91 |
Frequently asked questions about ACWX correlations
- Which stocks are most correlated with ACWX?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI ACWI ex US ETF (ACWX) are IXUS (1.00), VEU (0.99) and FINT (0.98). 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 ACWX?
- Over the past year, the stocks most inversely correlated with iShares MSCI ACWI ex US ETF (ACWX) are EFU (-0.93), EEV (-0.92) and EDZ (-0.92). 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 ACWX correlations calculated?
- We compute the correlation of daily returns between ACWX 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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