Matthews Asia Dividend Active ETF (ADVE) — Stock Correlations & Overview
Over the past year, ADVE has moved most closely with NSI, CGNG, REMG. Explore the stocks most correlated and inversely correlated with ADVE below, along with its price, financials, and company profile.
Stocks correlated with ADVE
Correlation of daily returns. Higher positive values move with ADVE; negative values move opposite it. Informational only, not investment advice.
Most correlated with ADVE
| Symbol | Company | Correlation |
|---|---|---|
| NSI | National Security Emerging Markets Index ETF | 0.95 |
| CGNG | Capital Group New Geography Equity ETF | 0.94 |
| REMG | Russell Investments Exchange Traded Funds Russell Investments Emerging Markets Equity ETF | 0.94 |
| AVEM | Avantis Emerging Markets Equity ETF | 0.94 |
| CORO | iShares International Country Rotation Active ETF | 0.94 |
Most inversely correlated with ADVE
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.93 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.93 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.93 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.85 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.84 |
Frequently asked questions about ADVE correlations
- Which stocks are most correlated with ADVE?
- Based on one year of daily returns, the stocks most correlated with Matthews Asia Dividend Active ETF (ADVE) are NSI (0.95), CGNG (0.94) and REMG (0.94). 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 ADVE?
- Over the past year, the stocks most inversely correlated with Matthews Asia Dividend Active ETF (ADVE) are EDZ (-0.93), EEV (-0.93) and EUM (-0.93). 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 ADVE correlations calculated?
- We compute the correlation of daily returns between ADVE 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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