Which stocks are most correlated with HEDJ?

Based on one year of daily returns, the stocks most correlated with WisdomTree Europe Hedged Equity Fund (HEDJ) are DBEZ (0.94), HEZU (0.92) and IHDG (0.92). 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 HEDJ?

Over the past year, the stocks most inversely correlated with WisdomTree Europe Hedged Equity Fund (HEDJ) are EPV (-0.87), EFU (-0.85) and EFZ (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

WisdomTree Europe Hedged Equity Fund (HEDJ) — Stock Correlations & Overview

Over the past year, HEDJ has moved most closely with DBEZ, HEZU, IHDG. Explore the stocks most correlated and inversely correlated with HEDJ below, along with its price, financials, and company profile.

Stocks correlated with HEDJ

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

Most correlated with HEDJ

Symbol	Company	Correlation
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	0.94
HEZU	iShares Currency Hedged MSCI Eurozone ETF of ISHARES TRUST	0.92
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	0.92
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	0.91
FEZ	State Street SPDR EURO STOXX 50 ETF	0.89

Most inversely correlated with HEDJ

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.87
EFU	ProShares Trust UltraShort MSCI EAFE	-0.85
EFZ	ProShares Trust Short MSCI EAFE	-0.82
SDOW	ProShares UltraPro Short Dow 30	-0.74
DXD	ProShares UltraShort Dow 30	-0.74

Frequently asked questions about HEDJ correlations

Which stocks are most correlated with HEDJ?: Based on one year of daily returns, the stocks most correlated with WisdomTree Europe Hedged Equity Fund (HEDJ) are DBEZ (0.94), HEZU (0.92) and IHDG (0.92). 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 HEDJ?: Over the past year, the stocks most inversely correlated with WisdomTree Europe Hedged Equity Fund (HEDJ) are EPV (-0.87), EFU (-0.85) and EFZ (-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 HEDJ correlations calculated?: We compute the correlation of daily returns between HEDJ 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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