Which stocks are most correlated with EDIV?

Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Emerging Markets Dividend ETF (EDIV) are JPEM (0.88), DGS (0.86) and EELV (0.86). 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 EDIV?

Over the past year, the stocks most inversely correlated with State Street SPDR S&P Emerging Markets Dividend ETF (EDIV) are EPV (-0.80), EFU (-0.80) and EDZ (-0.79). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR S&P Emerging Markets Dividend ETF (EDIV) — Stock Correlations & Overview

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

Stocks correlated with EDIV

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

Most correlated with EDIV

Symbol	Company	Correlation
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	0.88
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	0.86
EELV	Invesco S&P Emerging Markets Low Volatility ETFINVESTMENT ADVICE	0.86
IQDF	Northern Trust International Quality Dividend ETF	0.85
FINT	Frontier Asset Total International Equity ETF	0.85

Most inversely correlated with EDIV

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.80
EFU	ProShares Trust UltraShort MSCI EAFE	-0.80
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.79
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.79
EUM	ProShares Trust Short MSCI Emerging Markets	-0.79

Frequently asked questions about EDIV correlations

Which stocks are most correlated with EDIV?: Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P Emerging Markets Dividend ETF (EDIV) are JPEM (0.88), DGS (0.86) and EELV (0.86). 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 EDIV?: Over the past year, the stocks most inversely correlated with State Street SPDR S&P Emerging Markets Dividend ETF (EDIV) are EPV (-0.80), EFU (-0.80) and EDZ (-0.79). 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 EDIV correlations calculated?: We compute the correlation of daily returns between EDIV 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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