Matthews Korea Active ETF (MKOR) — Stock Correlations & Overview
Over the past year, MKOR has moved most closely with EWY, KORU, FLKR. Explore the stocks most correlated and inversely correlated with MKOR below, along with its price, financials, and company profile.
Stocks correlated with MKOR
Correlation of daily returns. Higher positive values move with MKOR; negative values move opposite it. Informational only, not investment advice.
Most correlated with MKOR
| Symbol | Company | Correlation |
|---|---|---|
| EWY | iShares MSCI South Korea ETF | 0.97 |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 0.97 |
| FLKR | Franklin FTSE South Korea ETF | 0.97 |
| KF | KOREA FUND, INC | 0.95 |
| DEXC | Dimensional Emerging Markets ex China Core Equity ETF | 0.94 |
Most inversely correlated with MKOR
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.92 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.91 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.91 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.77 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.77 |
Frequently asked questions about MKOR correlations
- Which stocks are most correlated with MKOR?
- Based on one year of daily returns, the stocks most correlated with Matthews Korea Active ETF (MKOR) are EWY (0.97), KORU (0.97) and FLKR (0.97). 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 MKOR?
- Over the past year, the stocks most inversely correlated with Matthews Korea Active ETF (MKOR) are EEV (-0.92), EUM (-0.91) and EDZ (-0.91). 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 MKOR correlations calculated?
- We compute the correlation of daily returns between MKOR 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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