Capital Group International Focus Equity ETF (CGXU) — Stock Correlations & Overview
Over the past year, CGXU has moved most closely with BINT, CGNG, CORO. Explore the stocks most correlated and inversely correlated with CGXU below, along with its price, financials, and company profile.
Stocks correlated with CGXU
Correlation of daily returns. Higher positive values move with CGXU; negative values move opposite it. Informational only, not investment advice.
Most correlated with CGXU
| Symbol | Company | Correlation |
|---|---|---|
| BINT | Bluemonte Global Equity ETF | 0.95 |
| CGNG | Capital Group New Geography Equity ETF | 0.95 |
| CORO | iShares International Country Rotation Active ETF | 0.94 |
| CVIE | Calvert International Responsible Index ETF | 0.94 |
| FFGX | Fidelity Fundamental Global ex-U.S. ETF | 0.94 |
Most inversely correlated with CGXU
| Symbol | Company | Correlation |
|---|---|---|
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.92 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.92 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.91 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.87 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.85 |
Frequently asked questions about CGXU correlations
- Which stocks are most correlated with CGXU?
- Based on one year of daily returns, the stocks most correlated with Capital Group International Focus Equity ETF (CGXU) are BINT (0.95), CGNG (0.95) and CORO (0.94). 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 CGXU?
- Over the past year, the stocks most inversely correlated with Capital Group International Focus Equity ETF (CGXU) are EUM (-0.92), EDZ (-0.92) and EEV (-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 CGXU correlations calculated?
- We compute the correlation of daily returns between CGXU 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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