JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) — Stock Correlations & Overview
Over the past year, JEMA has moved most closely with EEM, IEMG, ESGE. Explore the stocks most correlated and inversely correlated with JEMA below, along with its price, financials, and company profile.
Stocks correlated with JEMA
Correlation of daily returns. Higher positive values move with JEMA; negative values move opposite it. Informational only, not investment advice.
Most correlated with JEMA
| Symbol | Company | Correlation |
|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 0.99 |
| IEMG | iShares Core MSCI Emerging Markets ETF | 0.99 |
| ESGE | iShares, Inc. iShares ESG Aware MSCI EM ETF | 0.99 |
| JADE | JPMorgan Active Developing Markets Equity ETF | 0.99 |
| AVEM | Avantis Emerging Markets Equity ETF | 0.99 |
Most inversely correlated with JEMA
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.98 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.98 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.97 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.83 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.83 |
Frequently asked questions about JEMA correlations
- Which stocks are most correlated with JEMA?
- Based on one year of daily returns, the stocks most correlated with JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) are EEM (0.99), IEMG (0.99) and ESGE (0.99). 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 JEMA?
- Over the past year, the stocks most inversely correlated with JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) are EEV (-0.98), EDZ (-0.98) and EUM (-0.97). 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 JEMA correlations calculated?
- We compute the correlation of daily returns between JEMA 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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