VanEck India Growth Leaders ETF (GLIN) — Stock Correlations & Overview
Over the past year, GLIN has moved most closely with FLIN, GIND, EPI. Explore the stocks most correlated and inversely correlated with GLIN below, along with its price, financials, and company profile.
Stocks correlated with GLIN
Correlation of daily returns. Higher positive values move with GLIN; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLIN
| Symbol | Company | Correlation |
|---|---|---|
| FLIN | Franklin FTSE India ETF | 0.90 |
| GIND | Goldman Sachs India Equity ETF | 0.90 |
| EPI | WisdomTree India Earnings Fund ETF | 0.90 |
| INDL | Direxion Daily MSCI India Bull 2X ETF | 0.90 |
| INDA | iShares MSCI India ETF | 0.90 |
Most inversely correlated with GLIN
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.61 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.59 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.59 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.59 |
| EPV | ProShares UltraShort FTSE Europe | -0.58 |
Frequently asked questions about GLIN correlations
- Which stocks are most correlated with GLIN?
- Based on one year of daily returns, the stocks most correlated with VanEck India Growth Leaders ETF (GLIN) are FLIN (0.90), GIND (0.90) and EPI (0.90). 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 GLIN?
- Over the past year, the stocks most inversely correlated with VanEck India Growth Leaders ETF (GLIN) are EFU (-0.61), EDZ (-0.59) and EEV (-0.59). 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 GLIN correlations calculated?
- We compute the correlation of daily returns between GLIN 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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