WisdomTree Emerging Markets High Dividend Fund (DEM) — Stock Correlations & Overview
Over the past year, DEM has moved most closely with DGS, AVES, PXH. Explore the stocks most correlated and inversely correlated with DEM below, along with its price, financials, and company profile.
Stocks correlated with DEM
Correlation of daily returns. Higher positive values move with DEM; negative values move opposite it. Informational only, not investment advice.
Most correlated with DEM
| Symbol | Company | Correlation |
|---|---|---|
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 0.92 |
| AVES | Avantis Emerging Markets Value ETF | 0.90 |
| PXH | Invesco RAFI Emerging Markets ETF | 0.90 |
| FNDE | Schwab Fundamental Emerging Markets Equity ETF | 0.90 |
| EYLD | Cambria Emerging Shareholder Yield ETF | 0.90 |
Most inversely correlated with DEM
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.86 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.86 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.86 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.78 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.78 |
Frequently asked questions about DEM correlations
- Which stocks are most correlated with DEM?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Emerging Markets High Dividend Fund (DEM) are DGS (0.92), AVES (0.90) and PXH (0.90). 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 DEM?
- Over the past year, the stocks most inversely correlated with WisdomTree Emerging Markets High Dividend Fund (DEM) are EDZ (-0.86), EEV (-0.86) and EUM (-0.86). 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 DEM correlations calculated?
- We compute the correlation of daily returns between DEM 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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