Which stocks are most correlated with MEXX?

Based on one year of daily returns, the stocks most correlated with Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) are EWW (0.99), FLMX (0.98) and MXF (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 MEXX?

Over the past year, the stocks most inversely correlated with Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) are EFU (-0.68), EPV (-0.68) and EFZ (-0.64). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) — Stock Correlations & Overview

Over the past year, MEXX has moved most closely with EWW, FLMX, MXF. Explore the stocks most correlated and inversely correlated with MEXX below, along with its price, financials, and company profile.

Stocks correlated with MEXX

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

Most correlated with MEXX

Symbol	Company	Correlation
EWW	iShares MSCI Mexico ETF	0.99
FLMX	Franklin FTSE Mexico ETF	0.98
MXF	MEXICO FUND	0.90
FLLA	Franklin FTSE Latin America	0.79
ILF	iShares Latin America 40 ETF	0.78

Most inversely correlated with MEXX

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.68
EPV	ProShares UltraShort FTSE Europe	-0.68
EFZ	ProShares Trust Short MSCI EAFE	-0.64
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.64
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.63

Frequently asked questions about MEXX correlations

Which stocks are most correlated with MEXX?: Based on one year of daily returns, the stocks most correlated with Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) are EWW (0.99), FLMX (0.98) and MXF (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 MEXX?: Over the past year, the stocks most inversely correlated with Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) are EFU (-0.68), EPV (-0.68) and EFZ (-0.64). 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 MEXX correlations calculated?: We compute the correlation of daily returns between MEXX 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.