iShares MSCI China Small-Cap ETF (ECNS) — Stock Correlations & Overview
Over the past year, ECNS has moved most closely with GXC, JCHI, CXSE. Explore the stocks most correlated and inversely correlated with ECNS below, along with its price, financials, and company profile.
Stocks correlated with ECNS
Correlation of daily returns. Higher positive values move with ECNS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ECNS
| Symbol | Company | Correlation |
|---|---|---|
| GXC | State Street SPDR S&P China ETF | 0.81 |
| JCHI | JPMorgan Active China ETF | 0.81 |
| CXSE | WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund | 0.79 |
| MCHI | iShares MSCI China ETF | 0.79 |
| FLCH | Franklin FTSE China ETF | 0.78 |
Most inversely correlated with ECNS
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.71 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.69 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.67 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.63 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.63 |
Frequently asked questions about ECNS correlations
- Which stocks are most correlated with ECNS?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI China Small-Cap ETF (ECNS) are GXC (0.81), JCHI (0.81) and CXSE (0.79). 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 ECNS?
- Over the past year, the stocks most inversely correlated with iShares MSCI China Small-Cap ETF (ECNS) are YANG (-0.71), FXP (-0.69) and YXI (-0.67). 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 ECNS correlations calculated?
- We compute the correlation of daily returns between ECNS 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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