iShares MSCI Netherlands ETF (EWN) — Stock Correlations & Overview
Over the past year, EWN has moved most closely with DMXF, EFG, JIG. Explore the stocks most correlated and inversely correlated with EWN below, along with its price, financials, and company profile.
Stocks correlated with EWN
Correlation of daily returns. Higher positive values move with EWN; negative values move opposite it. Informational only, not investment advice.
Most correlated with EWN
| Symbol | Company | Correlation |
|---|---|---|
| DMXF | iShares ESG Advanced MSCI EAFE ETF | 0.90 |
| EFG | iShares MSCI EAFE Growth ETF | 0.89 |
| JIG | JPMorgan International Growth ETF | 0.89 |
| ACWX | iShares MSCI ACWI ex US ETF | 0.89 |
| ASML | ASML Holding NV | 0.88 |
Most inversely correlated with EWN
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.81 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.81 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.81 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.81 |
| EPV | ProShares UltraShort FTSE Europe | -0.80 |
Frequently asked questions about EWN correlations
- Which stocks are most correlated with EWN?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI Netherlands ETF (EWN) are DMXF (0.90), EFG (0.89) and JIG (0.89). 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 EWN?
- Over the past year, the stocks most inversely correlated with iShares MSCI Netherlands ETF (EWN) are EDZ (-0.81), EFU (-0.81) and EUM (-0.81). 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 EWN correlations calculated?
- We compute the correlation of daily returns between EWN 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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