WisdomTree Emerging Markets Corporate Bond Fund (EMCB) — Stock Correlations & Overview
Over the past year, EMCB has moved most closely with QHY, TBFC, IRTR. Explore the stocks most correlated and inversely correlated with EMCB below, along with its price, financials, and company profile.
Stocks correlated with EMCB
Correlation of daily returns. Higher positive values move with EMCB; negative values move opposite it. Informational only, not investment advice.
Most correlated with EMCB
| Symbol | Company | Correlation |
|---|---|---|
| QHY | WisdomTree U.S. High Yield Corporate Bond Fund | 0.61 |
| TBFC | The Brinsmere Fund Conservative ETF | 0.59 |
| IRTR | iShares LifePath Retirement ETF | 0.58 |
| RSSB | Return Stacked Global Stocks & Bonds ETF | 0.57 |
| AOK | iShares Core 30/70 Conservative Allocation ETF | 0.57 |
Most inversely correlated with EMCB
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.50 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.49 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.48 |
| TWM | ProShares UltraShort Russell2000 | -0.48 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.48 |
Frequently asked questions about EMCB correlations
- Which stocks are most correlated with EMCB?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Emerging Markets Corporate Bond Fund (EMCB) are QHY (0.61), TBFC (0.59) and IRTR (0.58). 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 EMCB?
- Over the past year, the stocks most inversely correlated with WisdomTree Emerging Markets Corporate Bond Fund (EMCB) are EEV (-0.50), EDZ (-0.49) and EUM (-0.48). 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 EMCB correlations calculated?
- We compute the correlation of daily returns between EMCB 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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