iShares MSCI Finland ETF (EFNL) — Stock Correlations & Overview
Over the past year, EFNL has moved most closely with IQDF, FEP, IFV. Explore the stocks most correlated and inversely correlated with EFNL below, along with its price, financials, and company profile.
Stocks correlated with EFNL
Correlation of daily returns. Higher positive values move with EFNL; negative values move opposite it. Informational only, not investment advice.
Most correlated with EFNL
| Symbol | Company | Correlation |
|---|---|---|
| IQDF | Northern Trust International Quality Dividend ETF | 0.79 |
| FEP | First Trust Europe AlphaDEX Fund | 0.79 |
| IFV | First Trust Dorsey Wright International Focus 5 ETF | 0.79 |
| IQDY | Northern Trust International Quality Dividend Dynamic ETF | 0.79 |
| CGIC | Capital Group International Core Equity ETF | 0.79 |
Frequently asked questions about EFNL correlations
- Which stocks are most correlated with EFNL?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI Finland ETF (EFNL) are IQDF (0.79), FEP (0.79) and IFV (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 EFNL?
- Over the past year, the stocks most inversely correlated with iShares MSCI Finland ETF (EFNL) are EPV (-0.76), EFU (-0.74) and EFZ (-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 EFNL correlations calculated?
- We compute the correlation of daily returns between EFNL 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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