iShares MSCI Australia ETF (EWA) — Stock Correlations & Overview
Over the past year, EWA has moved most closely with FLAU, EPP, BBAX. Explore the stocks most correlated and inversely correlated with EWA below, along with its price, financials, and company profile.
Stocks correlated with EWA
Correlation of daily returns. Higher positive values move with EWA; negative values move opposite it. Informational only, not investment advice.
Most correlated with EWA
| Symbol | Company | Correlation |
|---|---|---|
| FLAU | Franklin FTSE Australia ETF | 0.97 |
| EPP | iShares MSCI Pacific ex Japan ETF | 0.97 |
| BBAX | JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF | 0.95 |
| IDEV | iShares Core MSCI International Developed Markets ETF | 0.87 |
| LCTD | iShares World ex U.S. Carbon Transition Readiness Aware Active ETF | 0.87 |
Frequently asked questions about EWA correlations
- Which stocks are most correlated with EWA?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI Australia ETF (EWA) are FLAU (0.97), EPP (0.97) and BBAX (0.95). 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 EWA?
- Over the past year, the stocks most inversely correlated with iShares MSCI Australia ETF (EWA) are EPV (-0.80), EFU (-0.80) and EFZ (-0.79). 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 EWA correlations calculated?
- We compute the correlation of daily returns between EWA 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.