iShares Emerging Markets Equity Factor ETF (EMGF) — Stock Correlations & Overview
Over the past year, EMGF has moved most closely with IEMG, EEM, ESGE. Explore the stocks most correlated and inversely correlated with EMGF below, along with its price, financials, and company profile.
Stocks correlated with EMGF
Correlation of daily returns. Higher positive values move with EMGF; negative values move opposite it. Informational only, not investment advice.
Most correlated with EMGF
| Symbol | Company | Correlation |
|---|---|---|
| IEMG | iShares Core MSCI Emerging Markets ETF | 0.99 |
| EEM | iShares MSCI Emerging Markets ETF | 0.99 |
| ESGE | iShares, Inc. iShares ESG Aware MSCI EM ETF | 0.99 |
| DFAE | Dimensional Emerging Core Equity Market ETF | 0.99 |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 0.99 |
Most inversely correlated with EMGF
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.98 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.98 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.98 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.82 |
| SQQQ | ProShares UltraPro Short QQQ | -0.82 |
Frequently asked questions about EMGF correlations
- Which stocks are most correlated with EMGF?
- Based on one year of daily returns, the stocks most correlated with iShares Emerging Markets Equity Factor ETF (EMGF) are IEMG (0.99), EEM (0.99) and ESGE (0.99). 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 EMGF?
- Over the past year, the stocks most inversely correlated with iShares Emerging Markets Equity Factor ETF (EMGF) are EDZ (-0.98), EEV (-0.98) and EUM (-0.98). 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 EMGF correlations calculated?
- We compute the correlation of daily returns between EMGF 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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