WisdomTree Emerging Currency Strategy Fund (CEW) — Stock Correlations & Overview
Over the past year, CEW has moved most closely with EMLC, EBND, LEMB. Explore the stocks most correlated and inversely correlated with CEW below, along with its price, financials, and company profile.
Stocks correlated with CEW
Correlation of daily returns. Higher positive values move with CEW; negative values move opposite it. Informational only, not investment advice.
Most correlated with CEW
| Symbol | Company | Correlation |
|---|---|---|
| EMLC | VanEck J. P. Morgan EM Local Currency Bond ETF | 0.74 |
| EBND | State Street SPDR Bloomberg Emerging Markets Local Bond ETF | 0.73 |
| LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | 0.71 |
| ELD | WisdomTree Emerging Markets Local Debt Fund | 0.68 |
| NTSI | WisdomTree International Efficient Core Fund | 0.66 |
Most inversely correlated with CEW
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.61 |
| EPV | ProShares UltraShort FTSE Europe | -0.61 |
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.59 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.58 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.53 |
Frequently asked questions about CEW correlations
- Which stocks are most correlated with CEW?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Emerging Currency Strategy Fund (CEW) are EMLC (0.74), EBND (0.73) and LEMB (0.71). 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 CEW?
- Over the past year, the stocks most inversely correlated with WisdomTree Emerging Currency Strategy Fund (CEW) are EFU (-0.61), EPV (-0.61) and EUO (-0.59). 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 CEW correlations calculated?
- We compute the correlation of daily returns between CEW 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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