Which stocks are most correlated with EMLC?

Based on one year of daily returns, the stocks most correlated with VanEck J. P. Morgan EM Local Currency Bond ETF (EMLC) are EBND (0.95), EMBX (0.91) and LEMB (0.85). 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 EMLC?

Over the past year, the stocks most inversely correlated with VanEck J. P. Morgan EM Local Currency Bond ETF (EMLC) are EPV (-0.79), EFU (-0.78) and EFZ (-0.77). A negative correlation means the two stocks have tended to move in opposite directions.

VanEck J. P. Morgan EM Local Currency Bond ETF (EMLC) — Stock Correlations & Overview

Over the past year, EMLC has moved most closely with EBND, EMBX, LEMB. Explore the stocks most correlated and inversely correlated with EMLC below, along with its price, financials, and company profile.

Stocks correlated with EMLC

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

Most correlated with EMLC

Symbol	Company	Correlation
EBND	State Street SPDR Bloomberg Emerging Markets Local Bond ETF	0.95
EMBX	VanEck Emerging Markets Bond ETF	0.91
LEMB	iShares J.P. Morgan EM Local Currency Bond ETF	0.85
WIP	State Street SPDR FTSE International Government Inflation-Protected Bond ETF	0.84
FEMB	First Trust Emerging Markets Local Currency Bond ETF	0.83

Most inversely correlated with EMLC

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.79
EFU	ProShares Trust UltraShort MSCI EAFE	-0.78
EFZ	ProShares Trust Short MSCI EAFE	-0.77
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.70
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.70

Frequently asked questions about EMLC correlations

Which stocks are most correlated with EMLC?: Based on one year of daily returns, the stocks most correlated with VanEck J. P. Morgan EM Local Currency Bond ETF (EMLC) are EBND (0.95), EMBX (0.91) and LEMB (0.85). 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 EMLC?: Over the past year, the stocks most inversely correlated with VanEck J. P. Morgan EM Local Currency Bond ETF (EMLC) are EPV (-0.79), EFU (-0.78) and EFZ (-0.77). 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 EMLC correlations calculated?: We compute the correlation of daily returns between EMLC 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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