Which stocks are most correlated with MEMS?

Based on one year of daily returns, the stocks most correlated with Matthews Emerging Markets Discovery Active ETF (MEMS) are EEMS (0.92), AVEE (0.92) and EMSF (0.92). 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 MEMS?

Over the past year, the stocks most inversely correlated with Matthews Emerging Markets Discovery Active ETF (MEMS) are EDZ (-0.87), EUM (-0.86) and EEV (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

Matthews Emerging Markets Discovery Active ETF (MEMS) — Stock Correlations & Overview

Over the past year, MEMS has moved most closely with EEMS, AVEE, EMSF. Explore the stocks most correlated and inversely correlated with MEMS below, along with its price, financials, and company profile.

Stocks correlated with MEMS

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

Most correlated with MEMS

Symbol	Company	Correlation
EEMS	iShares MSCI Emerging Markets Small-Cap ETF	0.92
AVEE	Avantis Emerging Markets Small Cap Equity ETF	0.92
EMSF	Matthews Emerging Markets Sustainable Future Active ETFFINANCE SERVICES	0.92
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	0.91
XCNY	SPDR Index Shares Fund State Street SPDR S&P Emerging Markets ex-China ETF	0.90

Most inversely correlated with MEMS

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.87
EUM	ProShares Trust Short MSCI Emerging Markets	-0.86
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.86
QID	ProShares UltraShort QQQ	-0.79
SQQQ	ProShares UltraPro Short QQQ	-0.79

Frequently asked questions about MEMS correlations

Which stocks are most correlated with MEMS?: Based on one year of daily returns, the stocks most correlated with Matthews Emerging Markets Discovery Active ETF (MEMS) are EEMS (0.92), AVEE (0.92) and EMSF (0.92). 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 MEMS?: Over the past year, the stocks most inversely correlated with Matthews Emerging Markets Discovery Active ETF (MEMS) are EDZ (-0.87), EUM (-0.86) and EEV (-0.86). 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 MEMS correlations calculated?: We compute the correlation of daily returns between MEMS 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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