Which stocks are most correlated with EMSF?

Based on one year of daily returns, the stocks most correlated with Matthews Emerging Markets Sustainable Future Active ETF (EMSF) are MEM (0.95), MEMX (0.94) and REMG (0.94). 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 EMSF?

Over the past year, the stocks most inversely correlated with Matthews Emerging Markets Sustainable Future Active ETF (EMSF) are EDZ (-0.93), EEV (-0.93) and EUM (-0.93). A negative correlation means the two stocks have tended to move in opposite directions.

Matthews Emerging Markets Sustainable Future Active ETF (EMSF) — Stock Correlations & Overview

Over the past year, EMSF has moved most closely with MEM, MEMX, REMG. Explore the stocks most correlated and inversely correlated with EMSF below, along with its price, financials, and company profile.

Stocks correlated with EMSF

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

Most correlated with EMSF

Symbol	Company	Correlation
MEM	Matthews Emerging Markets Equity Active ETF	0.95
MEMX	Matthews Emerging Markets ex China Active ETF	0.94
REMG	Russell Investments Exchange Traded Funds Russell Investments Emerging Markets Equity ETF	0.94
DFAE	Dimensional Emerging Core Equity Market ETF	0.94
EDC	Direxion Daily MSCI Emerging Markets Bull 3X ETF	0.93

Most inversely correlated with EMSF

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.93
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.93
EUM	ProShares Trust Short MSCI Emerging Markets	-0.93
QID	ProShares UltraShort QQQ	-0.83
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.83

Frequently asked questions about EMSF correlations

Which stocks are most correlated with EMSF?: Based on one year of daily returns, the stocks most correlated with Matthews Emerging Markets Sustainable Future Active ETF (EMSF) are MEM (0.95), MEMX (0.94) and REMG (0.94). 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 EMSF?: Over the past year, the stocks most inversely correlated with Matthews Emerging Markets Sustainable Future Active ETF (EMSF) are EDZ (-0.93), EEV (-0.93) and EUM (-0.93). 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 EMSF correlations calculated?: We compute the correlation of daily returns between EMSF 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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