Which stocks are most correlated with JPEM?

Based on one year of daily returns, the stocks most correlated with JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) are UEVM (0.92), DFAX (0.91) and AVNM (0.90). 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 JPEM?

Over the past year, the stocks most inversely correlated with JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) are EDZ (-0.84), EEV (-0.84) and EUM (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) — Stock Correlations & Overview

Over the past year, JPEM has moved most closely with UEVM, DFAX, AVNM. Explore the stocks most correlated and inversely correlated with JPEM below, along with its price, financials, and company profile.

Stocks correlated with JPEM

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

Most correlated with JPEM

Symbol	Company	Correlation
UEVM	VictoryShares Emerging Markets Value Momentum ETF	0.92
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	0.91
AVNM	Avantis All International Markets Equity ETF	0.90
AVNV	Avantis All International Markets Value ETF	0.90
FINT	Frontier Asset Total International Equity ETF	0.90

Most inversely correlated with JPEM

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.84
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.84
EUM	ProShares Trust Short MSCI Emerging Markets	-0.83
EFU	ProShares Trust UltraShort MSCI EAFE	-0.83
EFZ	ProShares Trust Short MSCI EAFE	-0.81

Frequently asked questions about JPEM correlations

Which stocks are most correlated with JPEM?: Based on one year of daily returns, the stocks most correlated with JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) are UEVM (0.92), DFAX (0.91) and AVNM (0.90). 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 JPEM?: Over the past year, the stocks most inversely correlated with JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) are EDZ (-0.84), EEV (-0.84) and EUM (-0.83). 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 JPEM correlations calculated?: We compute the correlation of daily returns between JPEM 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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