Which stocks are most correlated with FEMS?

Based on one year of daily returns, the stocks most correlated with First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) are AVEE (0.89), DGS (0.88) and FEM (0.88). 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 FEMS?

Over the past year, the stocks most inversely correlated with First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) are EDZ (-0.81), EUM (-0.81) and EEV (-0.81). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) — Stock Correlations & Overview

Over the past year, FEMS has moved most closely with AVEE, DGS, FEM. Explore the stocks most correlated and inversely correlated with FEMS below, along with its price, financials, and company profile.

Stocks correlated with FEMS

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

Most correlated with FEMS

Symbol	Company	Correlation
AVEE	Avantis Emerging Markets Small Cap Equity ETF	0.89
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	0.88
FEM	First Trust Emerging Markets AlphaDEX Fund	0.88
EWX	State Street SPDR S&P Emerging Markets Small Cap ETF	0.87
EEMS	iShares MSCI Emerging Markets Small-Cap ETF	0.87

Most inversely correlated with FEMS

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.81
EUM	ProShares Trust Short MSCI Emerging Markets	-0.81
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.81
EFU	ProShares Trust UltraShort MSCI EAFE	-0.73
EFZ	ProShares Trust Short MSCI EAFE	-0.71

Frequently asked questions about FEMS correlations

Which stocks are most correlated with FEMS?: Based on one year of daily returns, the stocks most correlated with First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) are AVEE (0.89), DGS (0.88) and FEM (0.88). 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 FEMS?: Over the past year, the stocks most inversely correlated with First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) are EDZ (-0.81), EUM (-0.81) and EEV (-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 FEMS correlations calculated?: We compute the correlation of daily returns between FEMS 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.