AB International Growth ETF (IGGY) — Stock Correlations & Overview
Over the past year, IGGY has moved most closely with MTRA, DNL, SROI. Explore the stocks most correlated and inversely correlated with IGGY below, along with its price, financials, and company profile.
Stocks correlated with IGGY
Correlation of daily returns. Higher positive values move with IGGY; negative values move opposite it. Informational only, not investment advice.
Most correlated with IGGY
| Symbol | Company | Correlation |
|---|---|---|
| MTRA | Invesco International Growth Focus ETF | 0.90 |
| DNL | WisdomTree Global ex-U.S. Quality Growth Fund | 0.90 |
| SROI | Calamos Antetokounmpo Global Sustainable Equities ETF | 0.89 |
| THMZ | Lazard Equity Megatrends ETF | 0.89 |
| ITDI | iShares LifePath Target Date 2065 ETF | 0.89 |
Most inversely correlated with IGGY
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.83 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.82 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.82 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.82 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.82 |
Frequently asked questions about IGGY correlations
- Which stocks are most correlated with IGGY?
- Based on one year of daily returns, the stocks most correlated with AB International Growth ETF (IGGY) are MTRA (0.90), DNL (0.90) and SROI (0.89). 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 IGGY?
- Over the past year, the stocks most inversely correlated with AB International Growth ETF (IGGY) are EFU (-0.83), EUM (-0.82) 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 IGGY correlations calculated?
- We compute the correlation of daily returns between IGGY 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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