Which stocks are most correlated with GEMD?

Based on one year of daily returns, the stocks most correlated with Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) are VWOB (0.95), EMB (0.95) and EMHC (0.95). 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 GEMD?

Over the past year, the stocks most inversely correlated with Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) are PST (-0.69), TYO (-0.68) and SJB (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.

Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) — Stock Correlations & Overview

Over the past year, GEMD has moved most closely with VWOB, EMB, EMHC. Explore the stocks most correlated and inversely correlated with GEMD below, along with its price, financials, and company profile.

Stocks correlated with GEMD

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

Most correlated with GEMD

Symbol	Company	Correlation
VWOB	Vanguard Emerging Markets Government Bond ETF	0.95
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	0.95
EMHC	State Street SPDR Bloomberg Emerging Markets USD Bond ETF	0.95
JPMB	JPMorgan USD Emerging Markets Sovereign Bond ETF	0.93
EMHY	iShares J.P. Morgan EM High Yield Bond ETF	0.93

Most inversely correlated with GEMD

Symbol	Company	Correlation
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.69
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.68
SJB	ProShares Short High Yield	-0.67
TBX	ProShares Short 7-10 Year Treasury	-0.67
EFZ	ProShares Trust Short MSCI EAFE	-0.67

Frequently asked questions about GEMD correlations

Which stocks are most correlated with GEMD?: Based on one year of daily returns, the stocks most correlated with Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) are VWOB (0.95), EMB (0.95) and EMHC (0.95). 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 GEMD?: Over the past year, the stocks most inversely correlated with Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) are PST (-0.69), TYO (-0.68) and SJB (-0.67). 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 GEMD correlations calculated?: We compute the correlation of daily returns between GEMD 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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