First Trust Emerging Markets Local Currency Bond ETF (FEMB) — Stock Correlations & Overview
Over the past year, FEMB has moved most closely with EMLC, EBND, EMBX. Explore the stocks most correlated and inversely correlated with FEMB below, along with its price, financials, and company profile.
Stocks correlated with FEMB
Correlation of daily returns. Higher positive values move with FEMB; negative values move opposite it. Informational only, not investment advice.
Most correlated with FEMB
| Symbol | Company | Correlation |
|---|---|---|
| EMLC | VanEck J. P. Morgan EM Local Currency Bond ETF | 0.83 |
| EBND | State Street SPDR Bloomberg Emerging Markets Local Bond ETF | 0.81 |
| EMBX | VanEck Emerging Markets Bond ETF | 0.76 |
| LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | 0.76 |
| ELD | WisdomTree Emerging Markets Local Debt Fund | 0.74 |
Most inversely correlated with FEMB
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.66 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.65 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.64 |
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.64 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.58 |
Frequently asked questions about FEMB correlations
- Which stocks are most correlated with FEMB?
- Based on one year of daily returns, the stocks most correlated with First Trust Emerging Markets Local Currency Bond ETF (FEMB) are EMLC (0.83), EBND (0.81) and EMBX (0.76). 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 FEMB?
- Over the past year, the stocks most inversely correlated with First Trust Emerging Markets Local Currency Bond ETF (FEMB) are EPV (-0.66), EFZ (-0.65) and EFU (-0.64). 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 FEMB correlations calculated?
- We compute the correlation of daily returns between FEMB 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.