Which stocks are most correlated with EHI?

Based on one year of daily returns, the stocks most correlated with Western Asset Global High Income Fund, Inc (EHI) are HYI (0.68), HIO (0.58) and EMD (0.56). 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 EHI?

Over the past year, the stocks most inversely correlated with Western Asset Global High Income Fund, Inc (EHI) are SPXU (-0.46), SDS (-0.46) and SH (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Western Asset Global High Income Fund, Inc (EHI) — Stock Correlations & Overview

Over the past year, EHI has moved most closely with HYI, HIO, EMD. Explore the stocks most correlated and inversely correlated with EHI below, along with its price, financials, and company profile.

Stocks correlated with EHI

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

Most correlated with EHI

Symbol	Company	Correlation
HYI	Western Asset High Yield Opportunity Fund Inc.	0.68
HIO	Western Asset High Income Opportunity Fund, Inc.	0.58
EMD	Western Asset Emerging Markets Debt Fund, Inc	0.56
HIX	Western Asset High Income Fund II, Inc.	0.55
BWG	BrandywineGLOBAL Global Income Opportunities Fund Inc.	0.54

Most inversely correlated with EHI

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.46
SDS	ProShares UltraShort S&P500	-0.46
SH	ProShares Short S&P500	-0.45
EPV	ProShares UltraShort FTSE Europe	-0.45
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.44

Frequently asked questions about EHI correlations

Which stocks are most correlated with EHI?: Based on one year of daily returns, the stocks most correlated with Western Asset Global High Income Fund, Inc (EHI) are HYI (0.68), HIO (0.58) and EMD (0.56). 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 EHI?: Over the past year, the stocks most inversely correlated with Western Asset Global High Income Fund, Inc (EHI) are SPXU (-0.46), SDS (-0.46) and SH (-0.45). 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 EHI correlations calculated?: We compute the correlation of daily returns between EHI 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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