Freedom 100 Emerging Markets ETF (FRDM) — Stock Correlations & Overview
Over the past year, FRDM has moved most closely with EMXC, FTHF, AVXC. Explore the stocks most correlated and inversely correlated with FRDM below, along with its price, financials, and company profile.
Stocks correlated with FRDM
Correlation of daily returns. Higher positive values move with FRDM; negative values move opposite it. Informational only, not investment advice.
Most correlated with FRDM
| Symbol | Company | Correlation |
|---|---|---|
| EMXC | iShares MSCI Emerging Markets ex China ETF | 0.97 |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 0.97 |
| AVXC | Avantis Emerging Markets ex-China Equity ETF | 0.97 |
| MEMX | Matthews Emerging Markets ex China Active ETF | 0.97 |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 0.96 |
Most inversely correlated with FRDM
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.96 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.96 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.95 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.82 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.81 |
Frequently asked questions about FRDM correlations
- Which stocks are most correlated with FRDM?
- Based on one year of daily returns, the stocks most correlated with Freedom 100 Emerging Markets ETF (FRDM) are EMXC (0.97), FTHF (0.97) and AVXC (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 FRDM?
- Over the past year, the stocks most inversely correlated with Freedom 100 Emerging Markets ETF (FRDM) are EDZ (-0.96), EEV (-0.96) and EUM (-0.95). 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 FRDM correlations calculated?
- We compute the correlation of daily returns between FRDM 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.