Lazard International Dynamic Equity ETF (IDEQ) — Stock Correlations & Overview
Over the past year, IDEQ has moved most closely with VEU, VXUS, ACWX. Explore the stocks most correlated and inversely correlated with IDEQ below, along with its price, financials, and company profile.
Stocks correlated with IDEQ
Correlation of daily returns. Higher positive values move with IDEQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with IDEQ
| Symbol | Company | Correlation |
|---|---|---|
| VEU | Vanguard FTSE All-World Ex-US ETF | 0.97 |
| VXUS | Vanguard Total International Stock ETF | 0.97 |
| ACWX | iShares MSCI ACWI ex US ETF | 0.96 |
| CGIC | Capital Group International Core Equity ETF | 0.96 |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 0.96 |
Most inversely correlated with IDEQ
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.91 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.91 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.91 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.90 |
| EPV | ProShares UltraShort FTSE Europe | -0.88 |
Frequently asked questions about IDEQ correlations
- Which stocks are most correlated with IDEQ?
- Based on one year of daily returns, the stocks most correlated with Lazard International Dynamic Equity ETF (IDEQ) are VEU (0.97), VXUS (0.97) and ACWX (0.96). 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 IDEQ?
- Over the past year, the stocks most inversely correlated with Lazard International Dynamic Equity ETF (IDEQ) are EDZ (-0.91), EUM (-0.91) and EEV (-0.91). 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 IDEQ correlations calculated?
- We compute the correlation of daily returns between IDEQ 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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