Which stocks are most correlated with EMC?

Based on one year of daily returns, the stocks most correlated with Global X Emerging Markets Great Consumer ETF (EMC) are XSOE (0.98), ESGE (0.98) and EEM (0.98). 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 EMC?

Over the past year, the stocks most inversely correlated with Global X Emerging Markets Great Consumer ETF (EMC) are EEV (-0.98), EDZ (-0.97) and EUM (-0.97). A negative correlation means the two stocks have tended to move in opposite directions.

Global X Emerging Markets Great Consumer ETF (EMC) — Stock Correlations & Overview

Over the past year, EMC has moved most closely with XSOE, ESGE, EEM. Explore the stocks most correlated and inversely correlated with EMC below, along with its price, financials, and company profile.

Stocks correlated with EMC

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

Most correlated with EMC

Symbol	Company	Correlation
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	0.98
ESGE	iShares, Inc. iShares ESG Aware MSCI EM ETF	0.98
EEM	iShares MSCI Emerging Markets ETF	0.98
EEMX	State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	0.97
IEMG	iShares Core MSCI Emerging Markets ETF	0.97

Most inversely correlated with EMC

Symbol	Company	Correlation
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.98
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.97
EUM	ProShares Trust Short MSCI Emerging Markets	-0.97
QID	ProShares UltraShort QQQ	-0.83
SQQQ	ProShares UltraPro Short QQQ	-0.83

Frequently asked questions about EMC correlations

Which stocks are most correlated with EMC?: Based on one year of daily returns, the stocks most correlated with Global X Emerging Markets Great Consumer ETF (EMC) are XSOE (0.98), ESGE (0.98) and EEM (0.98). 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 EMC?: Over the past year, the stocks most inversely correlated with Global X Emerging Markets Great Consumer ETF (EMC) are EEV (-0.98), EDZ (-0.97) and EUM (-0.97). 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 EMC correlations calculated?: We compute the correlation of daily returns between EMC 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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