Which stocks are most correlated with EMES?

Based on one year of daily returns, the stocks most correlated with Harbor Emerging Markets Select ETF (EMES) are XSOE (0.97), EMCR (0.97) and EEMX (0.97). 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 EMES?

Over the past year, the stocks most inversely correlated with Harbor Emerging Markets Select ETF (EMES) are EEV (-0.97), EDZ (-0.96) and EUM (-0.96). A negative correlation means the two stocks have tended to move in opposite directions.

Harbor Emerging Markets Select ETF (EMES) — Stock Correlations & Overview

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

Stocks correlated with EMES

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

Most correlated with EMES

Symbol	Company	Correlation
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	0.97
EMCR	Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	0.97
EEMX	State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	0.97
EEM	iShares MSCI Emerging Markets ETF	0.97
EDC	Direxion Daily MSCI Emerging Markets Bull 3X ETF	0.97

Most inversely correlated with EMES

Symbol	Company	Correlation
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.97
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.96
EUM	ProShares Trust Short MSCI Emerging Markets	-0.96
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.82
QID	ProShares UltraShort QQQ	-0.82

Frequently asked questions about EMES correlations

Which stocks are most correlated with EMES?: Based on one year of daily returns, the stocks most correlated with Harbor Emerging Markets Select ETF (EMES) are XSOE (0.97), EMCR (0.97) and EEMX (0.97). 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 EMES?: Over the past year, the stocks most inversely correlated with Harbor Emerging Markets Select ETF (EMES) are EEV (-0.97), EDZ (-0.96) and EUM (-0.96). 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 EMES correlations calculated?: We compute the correlation of daily returns between EMES 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.