Which stocks are most correlated with ELD?

Based on one year of daily returns, the stocks most correlated with WisdomTree Emerging Markets Local Debt Fund (ELD) are EMLC (0.76), EBND (0.76) and FEMB (0.74). 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 ELD?

Over the past year, the stocks most inversely correlated with WisdomTree Emerging Markets Local Debt Fund (ELD) are EFU (-0.69), EPV (-0.69) and EFZ (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.

WisdomTree Emerging Markets Local Debt Fund (ELD) — Stock Correlations & Overview

Over the past year, ELD has moved most closely with EMLC, EBND, FEMB. Explore the stocks most correlated and inversely correlated with ELD below, along with its price, financials, and company profile.

Stocks correlated with ELD

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

Most correlated with ELD

Symbol	Company	Correlation
EMLC	VanEck J. P. Morgan EM Local Currency Bond ETF	0.76
EBND	State Street SPDR Bloomberg Emerging Markets Local Bond ETF	0.76
FEMB	First Trust Emerging Markets Local Currency Bond ETF	0.74
EMBX	VanEck Emerging Markets Bond ETF	0.73
GVAL	Cambria Global Value ETF	0.73

Most inversely correlated with ELD

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.69
EPV	ProShares UltraShort FTSE Europe	-0.69
EFZ	ProShares Trust Short MSCI EAFE	-0.65
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.61
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.61

Frequently asked questions about ELD correlations

Which stocks are most correlated with ELD?: Based on one year of daily returns, the stocks most correlated with WisdomTree Emerging Markets Local Debt Fund (ELD) are EMLC (0.76), EBND (0.76) and FEMB (0.74). 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 ELD?: Over the past year, the stocks most inversely correlated with WisdomTree Emerging Markets Local Debt Fund (ELD) are EFU (-0.69), EPV (-0.69) and EFZ (-0.65). 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 ELD correlations calculated?: We compute the correlation of daily returns between ELD 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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