Global X FTSE Southeast Asia ETF (ASEA) — Stock Correlations & Overview
Over the past year, ASEA has moved most closely with BBAX, EDIV, EWS. Explore the stocks most correlated and inversely correlated with ASEA below, along with its price, financials, and company profile.
Stocks correlated with ASEA
Correlation of daily returns. Higher positive values move with ASEA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASEA
| Symbol | Company | Correlation |
|---|---|---|
| BBAX | JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF | 0.73 |
| EDIV | State Street SPDR S&P Emerging Markets Dividend ETF | 0.72 |
| EWS | iShares MSCI Singapore ETF | 0.72 |
| VYMI | Vanguard International High Dividend Yield ETF | 0.71 |
| CEFA | Global X S&P Catholic Values Developed ex-U.S. ETF | 0.71 |
Frequently asked questions about ASEA correlations
- Which stocks are most correlated with ASEA?
- Based on one year of daily returns, the stocks most correlated with Global X FTSE Southeast Asia ETF (ASEA) are BBAX (0.73), EDIV (0.72) and EWS (0.72). 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 ASEA?
- Over the past year, the stocks most inversely correlated with Global X FTSE Southeast Asia ETF (ASEA) are EFU (-0.67), EFZ (-0.66) and EPV (-0.65). 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 ASEA correlations calculated?
- We compute the correlation of daily returns between ASEA 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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