iShares MSCI BIC ETF (BKF) — Stock Correlations & Overview
Over the past year, BKF has moved most closely with MCHI, GXC, FLCH. Explore the stocks most correlated and inversely correlated with BKF below, along with its price, financials, and company profile.
Stocks correlated with BKF
Correlation of daily returns. Higher positive values move with BKF; negative values move opposite it. Informational only, not investment advice.
Most correlated with BKF
| Symbol | Company | Correlation |
|---|---|---|
| MCHI | iShares MSCI China ETF | 0.90 |
| GXC | State Street SPDR S&P China ETF | 0.90 |
| FLCH | Franklin FTSE China ETF | 0.89 |
| JCHI | JPMorgan Active China ETF | 0.88 |
| PXH | Invesco RAFI Emerging Markets ETF | 0.87 |
Most inversely correlated with BKF
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.86 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.85 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.81 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.76 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.76 |
Frequently asked questions about BKF correlations
- Which stocks are most correlated with BKF?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI BIC ETF (BKF) are MCHI (0.90), GXC (0.90) and FLCH (0.89). 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 BKF?
- Over the past year, the stocks most inversely correlated with iShares MSCI BIC ETF (BKF) are YANG (-0.86), FXP (-0.85) and YXI (-0.81). 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 BKF correlations calculated?
- We compute the correlation of daily returns between BKF 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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