Which stocks are most correlated with MCHS?

Based on one year of daily returns, the stocks most correlated with Matthews International Funds Matthews China Innovators Active ETF (MCHS) are NBCE (0.89), CNQQ (0.82) and ASHS (0.81). 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 MCHS?

Over the past year, the stocks most inversely correlated with Matthews International Funds Matthews China Innovators Active ETF (MCHS) are EDZ (-0.64), EEV (-0.63) and EUM (-0.63). A negative correlation means the two stocks have tended to move in opposite directions.

Matthews International Funds Matthews China Innovators Active ETF (MCHS) — Stock Correlations & Overview

Over the past year, MCHS has moved most closely with NBCE, CNQQ, ASHS. Explore the stocks most correlated and inversely correlated with MCHS below, along with its price, financials, and company profile.

Stocks correlated with MCHS

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

Most correlated with MCHS

Symbol	Company	Correlation
NBCE	Neuberger China Equity ETF	0.89
CNQQ	Rayliant-ChinaAMC Transformative China Tech ETF	0.82
ASHS	Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	0.81
TCHI	iShares MSCI China Multisector Tech ETF	0.80
KSTR	KraneShares China Technology & Semiconductor STAR 50 Index ETF	0.79

Most inversely correlated with MCHS

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.64
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.63
EUM	ProShares Trust Short MSCI Emerging Markets	-0.63
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.61
PSQ	ProShares Short QQQ	-0.56

Frequently asked questions about MCHS correlations

Which stocks are most correlated with MCHS?: Based on one year of daily returns, the stocks most correlated with Matthews International Funds Matthews China Innovators Active ETF (MCHS) are NBCE (0.89), CNQQ (0.82) and ASHS (0.81). 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 MCHS?: Over the past year, the stocks most inversely correlated with Matthews International Funds Matthews China Innovators Active ETF (MCHS) are EDZ (-0.64), EEV (-0.63) and EUM (-0.63). 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 MCHS correlations calculated?: We compute the correlation of daily returns between MCHS 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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