Avantis Emerging Markets Equity ETF (AVEM) — Stock Correlations & Overview
Over the past year, AVEM has moved most closely with DFAE, AVSE, IEMG. Explore the stocks most correlated and inversely correlated with AVEM below, along with its price, financials, and company profile.
Stocks correlated with AVEM
Correlation of daily returns. Higher positive values move with AVEM; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVEM
| Symbol | Company | Correlation |
|---|---|---|
| DFAE | Dimensional Emerging Core Equity Market ETF | 0.99 |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 0.99 |
| IEMG | iShares Core MSCI Emerging Markets ETF | 0.99 |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 0.99 |
| EEM | iShares MSCI Emerging Markets ETF | 0.99 |
Most inversely correlated with AVEM
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.99 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.98 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.98 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.84 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.83 |
Frequently asked questions about AVEM correlations
- Which stocks are most correlated with AVEM?
- Based on one year of daily returns, the stocks most correlated with Avantis Emerging Markets Equity ETF (AVEM) are DFAE (0.99), AVSE (0.99) and IEMG (0.99). 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 AVEM?
- Over the past year, the stocks most inversely correlated with Avantis Emerging Markets Equity ETF (AVEM) are EDZ (-0.99), EEV (-0.98) and EUM (-0.98). 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 AVEM correlations calculated?
- We compute the correlation of daily returns between AVEM 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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