Avantis All International Markets Equity ETF (AVNM) — Stock Correlations & Overview
Over the past year, AVNM has moved most closely with AVNV, DFAX, VEU. Explore the stocks most correlated and inversely correlated with AVNM below, along with its price, financials, and company profile.
Stocks correlated with AVNM
Correlation of daily returns. Higher positive values move with AVNM; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVNM
| Symbol | Company | Correlation |
|---|---|---|
| AVNV | Avantis All International Markets Value ETF | 0.99 |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 0.98 |
| VEU | Vanguard FTSE All-World Ex-US ETF | 0.97 |
| EDGI | 3EDGE Dynamic International Equity ETF | 0.97 |
| FINT | Frontier Asset Total International Equity ETF | 0.97 |
Most inversely correlated with AVNM
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.92 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.90 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.90 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.89 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.89 |
Frequently asked questions about AVNM correlations
- Which stocks are most correlated with AVNM?
- Based on one year of daily returns, the stocks most correlated with Avantis All International Markets Equity ETF (AVNM) are AVNV (0.99), DFAX (0.98) and VEU (0.97). 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 AVNM?
- Over the past year, the stocks most inversely correlated with Avantis All International Markets Equity ETF (AVNM) are EFU (-0.92), EFZ (-0.90) and EDZ (-0.90). 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 AVNM correlations calculated?
- We compute the correlation of daily returns between AVNM 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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