Global X Emerging Markets ex-China ETF (EMM) — Stock Correlations & Overview
Over the past year, EMM has moved most closely with EMXC, MEMX, AVXC. Explore the stocks most correlated and inversely correlated with EMM below, along with its price, financials, and company profile.
Stocks correlated with EMM
Correlation of daily returns. Higher positive values move with EMM; negative values move opposite it. Informational only, not investment advice.
Most correlated with EMM
| Symbol | Company | Correlation |
|---|---|---|
| EMXC | iShares MSCI Emerging Markets ex China ETF | 0.97 |
| MEMX | Matthews Emerging Markets ex China Active ETF | 0.97 |
| AVXC | Avantis Emerging Markets ex-China Equity ETF | 0.97 |
| DEXC | Dimensional Emerging Markets ex China Core Equity ETF | 0.97 |
| DGRE | WisdomTree Trust WisdomTree Emerging Markets Quality Dividend Growth Fund | 0.97 |
Most inversely correlated with EMM
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.96 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.96 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.96 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.84 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.83 |
Frequently asked questions about EMM correlations
- Which stocks are most correlated with EMM?
- Based on one year of daily returns, the stocks most correlated with Global X Emerging Markets ex-China ETF (EMM) are EMXC (0.97), MEMX (0.97) and AVXC (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 EMM?
- Over the past year, the stocks most inversely correlated with Global X Emerging Markets ex-China ETF (EMM) are EEV (-0.96), 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 EMM correlations calculated?
- We compute the correlation of daily returns between EMM 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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