Which stocks are most correlated with CEMB?

Based on one year of daily returns, the stocks most correlated with iShares J.P. Morgan EM Corporate Bond ETF (CEMB) are BEMB (0.89), BGRN (0.86) and EMB (0.86). 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 CEMB?

Over the past year, the stocks most inversely correlated with iShares J.P. Morgan EM Corporate Bond ETF (CEMB) are PST (-0.69), TBX (-0.67) and TYO (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.

iShares J.P. Morgan EM Corporate Bond ETF (CEMB) — Stock Correlations & Overview

Over the past year, CEMB has moved most closely with BEMB, BGRN, EMB. Explore the stocks most correlated and inversely correlated with CEMB below, along with its price, financials, and company profile.

Stocks correlated with CEMB

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

Most correlated with CEMB

Symbol	Company	Correlation
BEMB	iShares J.P. Morgan Broad USD Emerging Markets Bond ETF	0.89
BGRN	iShares Trust iShares USD Green Bond ETF	0.86
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	0.86
JPMB	JPMorgan USD Emerging Markets Sovereign Bond ETF	0.86
VWOB	Vanguard Emerging Markets Government Bond ETF	0.85

Most inversely correlated with CEMB

Symbol	Company	Correlation
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.69
TBX	ProShares Short 7-10 Year Treasury	-0.67
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.65
SJB	ProShares Short High Yield	-0.64
EFZ	ProShares Trust Short MSCI EAFE	-0.62

Frequently asked questions about CEMB correlations

Which stocks are most correlated with CEMB?: Based on one year of daily returns, the stocks most correlated with iShares J.P. Morgan EM Corporate Bond ETF (CEMB) are BEMB (0.89), BGRN (0.86) and EMB (0.86). 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 CEMB?: Over the past year, the stocks most inversely correlated with iShares J.P. Morgan EM Corporate Bond ETF (CEMB) are PST (-0.69), TBX (-0.67) and TYO (-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 CEMB correlations calculated?: We compute the correlation of daily returns between CEMB 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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