Which stocks are most correlated with GWX?

Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P International Small Cap ETF (GWX) are PDN (0.95), SCHC (0.94) and VSS (0.94). 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 GWX?

Over the past year, the stocks most inversely correlated with State Street SPDR S&P International Small Cap ETF (GWX) are EFU (-0.85), EFZ (-0.83) and EPV (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR S&P International Small Cap ETF (GWX) — Stock Correlations & Overview

Over the past year, GWX has moved most closely with PDN, SCHC, VSS. Explore the stocks most correlated and inversely correlated with GWX below, along with its price, financials, and company profile.

Stocks correlated with GWX

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

Most correlated with GWX

Symbol	Company	Correlation
PDN	Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF	0.95
SCHC	Schwab International Small-Cap Equity ETF	0.94
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	0.94
AVDS	Avantis International Small Cap Equity ETF	0.94
DFIS	Dimensional International Small Cap ETF	0.92

Most inversely correlated with GWX

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.85
EFZ	ProShares Trust Short MSCI EAFE	-0.83
EPV	ProShares UltraShort FTSE Europe	-0.82
EWV	ProShares Trust UltraShort MSCI Japan	-0.82
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.81

Frequently asked questions about GWX correlations

Which stocks are most correlated with GWX?: Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P International Small Cap ETF (GWX) are PDN (0.95), SCHC (0.94) and VSS (0.94). 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 GWX?: Over the past year, the stocks most inversely correlated with State Street SPDR S&P International Small Cap ETF (GWX) are EFU (-0.85), EFZ (-0.83) and EPV (-0.82). 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 GWX correlations calculated?: We compute the correlation of daily returns between GWX 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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