Which stocks are most correlated with EMDM?

Based on one year of daily returns, the stocks most correlated with First Trust Bloomberg Emerging Market Democracies ETF (EMDM) are FTHF (0.97), FRDM (0.96) and EMXC (0.96). 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 EMDM?

Over the past year, the stocks most inversely correlated with First Trust Bloomberg Emerging Market Democracies ETF (EMDM) are EDZ (-0.96), EEV (-0.95) and EUM (-0.95). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Bloomberg Emerging Market Democracies ETF (EMDM) — Stock Correlations & Overview

Over the past year, EMDM has moved most closely with FTHF, FRDM, EMXC. Explore the stocks most correlated and inversely correlated with EMDM below, along with its price, financials, and company profile.

Stocks correlated with EMDM

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

Most correlated with EMDM

Symbol	Company	Correlation
FTHF	First Trust Emerging Markets Human Flourishing ETF	0.97
FRDM	Freedom 100 Emerging Markets ETF	0.96
EMXC	iShares MSCI Emerging Markets ex China ETF	0.96
EEM	iShares MSCI Emerging Markets ETF	0.96
REMG	Russell Investments Exchange Traded Funds Russell Investments Emerging Markets Equity ETF	0.96

Most inversely correlated with EMDM

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.96
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.95
EUM	ProShares Trust Short MSCI Emerging Markets	-0.95
EFU	ProShares Trust UltraShort MSCI EAFE	-0.81
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.80

Frequently asked questions about EMDM correlations

Which stocks are most correlated with EMDM?: Based on one year of daily returns, the stocks most correlated with First Trust Bloomberg Emerging Market Democracies ETF (EMDM) are FTHF (0.97), FRDM (0.96) and EMXC (0.96). 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 EMDM?: Over the past year, the stocks most inversely correlated with First Trust Bloomberg Emerging Market Democracies ETF (EMDM) are EDZ (-0.96), EEV (-0.95) and EUM (-0.95). 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 EMDM correlations calculated?: We compute the correlation of daily returns between EMDM 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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