Which stocks are most correlated with ECOW?

Based on one year of daily returns, the stocks most correlated with Pacer Emerging Markets Cash Cows 100 ETF (ECOW) are UEVM (0.85), JPEM (0.84) and PXH (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 ECOW?

Over the past year, the stocks most inversely correlated with Pacer Emerging Markets Cash Cows 100 ETF (ECOW) are EDZ (-0.75), EUM (-0.74) and EEV (-0.74). A negative correlation means the two stocks have tended to move in opposite directions.

Pacer Emerging Markets Cash Cows 100 ETF (ECOW) — Stock Correlations & Overview

Over the past year, ECOW has moved most closely with UEVM, JPEM, PXH. Explore the stocks most correlated and inversely correlated with ECOW below, along with its price, financials, and company profile.

Stocks correlated with ECOW

Correlation of daily returns. Higher positive values move with ECOW; negative values move opposite it. Informational only, not investment advice.

Most correlated with ECOW

Symbol	Company	Correlation
UEVM	VictoryShares Emerging Markets Value Momentum ETF	0.85
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	0.84
PXH	Invesco RAFI Emerging Markets ETF	0.83
FNDE	Schwab Fundamental Emerging Markets Equity ETF	0.82
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	0.82

Most inversely correlated with ECOW

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.75
EUM	ProShares Trust Short MSCI Emerging Markets	-0.74
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.74
EFU	ProShares Trust UltraShort MSCI EAFE	-0.70
EPV	ProShares UltraShort FTSE Europe	-0.68

Frequently asked questions about ECOW correlations

Which stocks are most correlated with ECOW?: Based on one year of daily returns, the stocks most correlated with Pacer Emerging Markets Cash Cows 100 ETF (ECOW) are UEVM (0.85), JPEM (0.84) and PXH (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 ECOW?: Over the past year, the stocks most inversely correlated with Pacer Emerging Markets Cash Cows 100 ETF (ECOW) are EDZ (-0.75), EUM (-0.74) and EEV (-0.74). 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 ECOW correlations calculated?: We compute the correlation of daily returns between ECOW 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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