Which stocks are most correlated with AVES?

Based on one year of daily returns, the stocks most correlated with Avantis Emerging Markets Value ETF (AVES) are AVEE (0.96), MFEM (0.96) and DFEV (0.95). 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 AVES?

Over the past year, the stocks most inversely correlated with Avantis Emerging Markets Value ETF (AVES) are EDZ (-0.92), EEV (-0.92) and EUM (-0.91). A negative correlation means the two stocks have tended to move in opposite directions.

Avantis Emerging Markets Value ETF (AVES) — Stock Correlations & Overview

Over the past year, AVES has moved most closely with AVEE, MFEM, DFEV. Explore the stocks most correlated and inversely correlated with AVES below, along with its price, financials, and company profile.

Stocks correlated with AVES

Correlation of daily returns. Higher positive values move with AVES; negative values move opposite it. Informational only, not investment advice.

Most correlated with AVES

Symbol	Company	Correlation
AVEE	Avantis Emerging Markets Small Cap Equity ETF	0.96
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	0.96
DFEV	Dimensional Emerging Markets Value ETF	0.95
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	0.95
AVEM	Avantis Emerging Markets Equity ETF	0.95

Most inversely correlated with AVES

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.92
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.92
EUM	ProShares Trust Short MSCI Emerging Markets	-0.91
EFU	ProShares Trust UltraShort MSCI EAFE	-0.79
QID	ProShares UltraShort QQQ	-0.77

Frequently asked questions about AVES correlations

Which stocks are most correlated with AVES?: Based on one year of daily returns, the stocks most correlated with Avantis Emerging Markets Value ETF (AVES) are AVEE (0.96), MFEM (0.96) and DFEV (0.95). 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 AVES?: Over the past year, the stocks most inversely correlated with Avantis Emerging Markets Value ETF (AVES) are EDZ (-0.92), EEV (-0.92) and EUM (-0.91). 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 AVES correlations calculated?: We compute the correlation of daily returns between AVES 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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