Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) — Stock Correlations & Overview
Over the past year, EAFG has moved most closely with EDGI, FFGX, BINT. Explore the stocks most correlated and inversely correlated with EAFG below, along with its price, financials, and company profile.
Stocks correlated with EAFG
Correlation of daily returns. Higher positive values move with EAFG; negative values move opposite it. Informational only, not investment advice.
Most correlated with EAFG
| Symbol | Company | Correlation |
|---|---|---|
| EDGI | 3EDGE Dynamic International Equity ETF | 0.92 |
| FFGX | Fidelity Fundamental Global ex-U.S. ETF | 0.92 |
| BINT | Bluemonte Global Equity ETF | 0.92 |
| CVIE | Calvert International Responsible Index ETF | 0.91 |
| VEU | Vanguard FTSE All-World Ex-US ETF | 0.91 |
Most inversely correlated with EAFG
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.86 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.85 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.85 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.85 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.84 |
Frequently asked questions about EAFG correlations
- Which stocks are most correlated with EAFG?
- Based on one year of daily returns, the stocks most correlated with Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) are EDGI (0.92), FFGX (0.92) and BINT (0.92). 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 EAFG?
- Over the past year, the stocks most inversely correlated with Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) are EFU (-0.86), EDZ (-0.85) and EUM (-0.85). 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 EAFG correlations calculated?
- We compute the correlation of daily returns between EAFG 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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