Franklin FTSE Taiwan ETF (FLTW) — Stock Correlations & Overview
Over the past year, FLTW has moved most closely with EWT, XCEM, VEXC. Explore the stocks most correlated and inversely correlated with FLTW below, along with its price, financials, and company profile.
Stocks correlated with FLTW
Correlation of daily returns. Higher positive values move with FLTW; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLTW
| Symbol | Company | Correlation |
|---|---|---|
| EWT | iShares MSCI Taiwan ETF | 0.98 |
| XCEM | Columbia EM Core ex-China ETF | 0.91 |
| VEXC | Vanguard Emerging Markets Ex-China ETF | 0.91 |
| DEXC | Dimensional Emerging Markets ex China Core Equity ETF | 0.91 |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 0.91 |
Most inversely correlated with FLTW
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.90 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.89 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.89 |
| REW | Proshares UltraShort Technology | -0.80 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.80 |
Frequently asked questions about FLTW correlations
- Which stocks are most correlated with FLTW?
- Based on one year of daily returns, the stocks most correlated with Franklin FTSE Taiwan ETF (FLTW) are EWT (0.98), XCEM (0.91) and VEXC (0.91). 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 FLTW?
- Over the past year, the stocks most inversely correlated with Franklin FTSE Taiwan ETF (FLTW) are EDZ (-0.90), EEV (-0.89) and EUM (-0.89). 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 FLTW correlations calculated?
- We compute the correlation of daily returns between FLTW 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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