Franklin FTSE South Korea ETF (FLKR) — Stock Correlations & Overview
Over the past year, FLKR has moved most closely with EWY, KORU, MKOR. Explore the stocks most correlated and inversely correlated with FLKR below, along with its price, financials, and company profile.
Stocks correlated with FLKR
Correlation of daily returns. Higher positive values move with FLKR; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLKR
| Symbol | Company | Correlation |
|---|---|---|
| EWY | iShares MSCI South Korea ETF | 0.99 |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 0.99 |
| MKOR | Matthews Korea Active ETF | 0.97 |
| KF | KOREA FUND, INC | 0.96 |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 0.94 |
Most inversely correlated with FLKR
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.91 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.91 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.91 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.79 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.79 |
Frequently asked questions about FLKR correlations
- Which stocks are most correlated with FLKR?
- Based on one year of daily returns, the stocks most correlated with Franklin FTSE South Korea ETF (FLKR) are EWY (0.99), KORU (0.99) and MKOR (0.97). 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 FLKR?
- Over the past year, the stocks most inversely correlated with Franklin FTSE South Korea ETF (FLKR) are EEV (-0.91), EDZ (-0.91) and EUM (-0.91). 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 FLKR correlations calculated?
- We compute the correlation of daily returns between FLKR 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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