Which stocks are most correlated with EDGI?

Based on one year of daily returns, the stocks most correlated with 3EDGE Dynamic International Equity ETF (EDGI) are DFAX (0.97), FINT (0.97) and VEU (0.97). 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 EDGI?

Over the past year, the stocks most inversely correlated with 3EDGE Dynamic International Equity ETF (EDGI) are EFU (-0.92), EWV (-0.91) and EFZ (-0.90). A negative correlation means the two stocks have tended to move in opposite directions.

3EDGE Dynamic International Equity ETF (EDGI) — Stock Correlations & Overview

Over the past year, EDGI has moved most closely with DFAX, FINT, VEU. Explore the stocks most correlated and inversely correlated with EDGI below, along with its price, financials, and company profile.

Stocks correlated with EDGI

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

Most correlated with EDGI

Symbol	Company	Correlation
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	0.97
FINT	Frontier Asset Total International Equity ETF	0.97
VEU	Vanguard FTSE All-World Ex-US ETF	0.97
AVNM	Avantis All International Markets Equity ETF	0.97
VXUS	Vanguard Total International Stock ETF	0.97

Most inversely correlated with EDGI

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.92
EWV	ProShares Trust UltraShort MSCI Japan	-0.91
EFZ	ProShares Trust Short MSCI EAFE	-0.90
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.90
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.89

Frequently asked questions about EDGI correlations

Which stocks are most correlated with EDGI?: Based on one year of daily returns, the stocks most correlated with 3EDGE Dynamic International Equity ETF (EDGI) are DFAX (0.97), FINT (0.97) and VEU (0.97). 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 EDGI?: Over the past year, the stocks most inversely correlated with 3EDGE Dynamic International Equity ETF (EDGI) are EFU (-0.92), EWV (-0.91) and EFZ (-0.90). 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 EDGI correlations calculated?: We compute the correlation of daily returns between EDGI 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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