Which stocks are most correlated with IHD?

Based on one year of daily returns, the stocks most correlated with VOYA EMERGING MARKETS HIGH INCOME DIVIDEND EQUITY FUND (IHD) are IAE (0.77), FEMR (0.74) and DFSE (0.73). 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 IHD?

Over the past year, the stocks most inversely correlated with VOYA EMERGING MARKETS HIGH INCOME DIVIDEND EQUITY FUND (IHD) are EDZ (-0.72), EUM (-0.72) and EEV (-0.72). A negative correlation means the two stocks have tended to move in opposite directions.

VOYA EMERGING MARKETS HIGH INCOME DIVIDEND EQUITY FUND (IHD) — Stock Correlations & Overview

Over the past year, IHD has moved most closely with IAE, FEMR, DFSE. Explore the stocks most correlated and inversely correlated with IHD below, along with its price, financials, and company profile.

Stocks correlated with IHD

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

Most correlated with IHD

Symbol	Company	Correlation
IAE	VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND	0.77
FEMR	Fidelity Enhanced Emerging Markets ETF	0.74
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	0.73
TSEP	FT Vest Emerging Market Buffer ETF - September	0.73
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	0.73

Most inversely correlated with IHD

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.72
EUM	ProShares Trust Short MSCI Emerging Markets	-0.72
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.72
EFZ	ProShares Trust Short MSCI EAFE	-0.59
YQQQ	YieldMax Short N100 Option Income Strategy ETF	-0.59

Frequently asked questions about IHD correlations

Which stocks are most correlated with IHD?: Based on one year of daily returns, the stocks most correlated with VOYA EMERGING MARKETS HIGH INCOME DIVIDEND EQUITY FUND (IHD) are IAE (0.77), FEMR (0.74) and DFSE (0.73). 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 IHD?: Over the past year, the stocks most inversely correlated with VOYA EMERGING MARKETS HIGH INCOME DIVIDEND EQUITY FUND (IHD) are EDZ (-0.72), EUM (-0.72) and EEV (-0.72). 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 IHD correlations calculated?: We compute the correlation of daily returns between IHD 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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