iShares Emerging Markets Dividend ETF (DVYE) — Stock Correlations & Overview
Over the past year, DVYE has moved most closely with SDEM, UEVM, DEM. Explore the stocks most correlated and inversely correlated with DVYE below, along with its price, financials, and company profile.
Stocks correlated with DVYE
Correlation of daily returns. Higher positive values move with DVYE; negative values move opposite it. Informational only, not investment advice.
Most correlated with DVYE
| Symbol | Company | Correlation |
|---|---|---|
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 0.86 |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 0.84 |
| DEM | WisdomTree Emerging Markets High Dividend Fund | 0.83 |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 0.83 |
| PXH | Invesco RAFI Emerging Markets ETF | 0.83 |
Most inversely correlated with DVYE
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.77 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.70 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.70 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.70 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.70 |
Frequently asked questions about DVYE correlations
- Which stocks are most correlated with DVYE?
- Based on one year of daily returns, the stocks most correlated with iShares Emerging Markets Dividend ETF (DVYE) are SDEM (0.86), UEVM (0.84) and DEM (0.83). 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 DVYE?
- Over the past year, the stocks most inversely correlated with iShares Emerging Markets Dividend ETF (DVYE) are BZQ (-0.77), EDZ (-0.70) and EFU (-0.70). 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 DVYE correlations calculated?
- We compute the correlation of daily returns between DVYE 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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