Which stocks are most correlated with GXC?

Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P China ETF (GXC) are MCHI (0.97), FLCH (0.96) and JCHI (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 GXC?

Over the past year, the stocks most inversely correlated with State Street SPDR S&P China ETF (GXC) are YANG (-0.92), FXP (-0.91) and YXI (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR S&P China ETF (GXC) — Stock Correlations & Overview

Over the past year, GXC has moved most closely with MCHI, FLCH, JCHI. Explore the stocks most correlated and inversely correlated with GXC below, along with its price, financials, and company profile.

Stocks correlated with GXC

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

Most correlated with GXC

Symbol	Company	Correlation
MCHI	iShares MSCI China ETF	0.97
FLCH	Franklin FTSE China ETF	0.96
JCHI	JPMorgan Active China ETF	0.94
YINN	Direxion Daily FTSE China Bull 3X ETF	0.92
FXI	iShares China Large-Cap ETF	0.92

Most inversely correlated with GXC

Symbol	Company	Correlation
YANG	Direxion Daily FTSE China Bear 3X ETF	-0.92
FXP	ProShares UltraShort FTSE China 50 of ProShares Trust	-0.91
YXI	ProShares Short FTSE China 50 of PROSHARES TRUST	-0.87
EUM	ProShares Trust Short MSCI Emerging Markets	-0.67
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.67

Frequently asked questions about GXC correlations

Which stocks are most correlated with GXC?: Based on one year of daily returns, the stocks most correlated with State Street SPDR S&P China ETF (GXC) are MCHI (0.97), FLCH (0.96) and JCHI (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 GXC?: Over the past year, the stocks most inversely correlated with State Street SPDR S&P China ETF (GXC) are YANG (-0.92), FXP (-0.91) and YXI (-0.87). 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 GXC correlations calculated?: We compute the correlation of daily returns between GXC 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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