Which stocks are most correlated with EELV?

Based on one year of daily returns, the stocks most correlated with Invesco S&P Emerging Markets Low Volatility ETF (EELV) are EDIV (0.86), RNEM (0.84) and JPEM (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 EELV?

Over the past year, the stocks most inversely correlated with Invesco S&P Emerging Markets Low Volatility ETF (EELV) are EFU (-0.77), EPV (-0.77) and EFZ (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco S&P Emerging Markets Low Volatility ETF (EELV) — Stock Correlations & Overview

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

Stocks correlated with EELV

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

Most correlated with EELV

Symbol	Company	Correlation
EDIV	State Street SPDR S&P Emerging Markets Dividend ETF	0.86
RNEM	First Trust Emerging Markets Equity Select ETF	0.84
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	0.83
VYMI	Vanguard International High Dividend Yield ETF	0.83
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	0.82

Most inversely correlated with EELV

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.77
EPV	ProShares UltraShort FTSE Europe	-0.77
EFZ	ProShares Trust Short MSCI EAFE	-0.75
BZQ	ProShares UltraShort MSCI Brazil Capped	-0.70
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.70

Frequently asked questions about EELV correlations

Which stocks are most correlated with EELV?: Based on one year of daily returns, the stocks most correlated with Invesco S&P Emerging Markets Low Volatility ETF (EELV) are EDIV (0.86), RNEM (0.84) and JPEM (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 EELV?: Over the past year, the stocks most inversely correlated with Invesco S&P Emerging Markets Low Volatility ETF (EELV) are EFU (-0.77), EPV (-0.77) and EFZ (-0.75). 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 EELV correlations calculated?: We compute the correlation of daily returns between EELV 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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