Which stocks are most correlated with MSCI?

Based on one year of daily returns, the stocks most correlated with MSCI, Inc. (MSCI) are SPGI (0.70), MCO (0.70) and MORN (0.59). 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 MSCI?

Over the past year, the stocks most inversely correlated with MSCI, Inc. (MSCI) are SKF (-0.38), FAZ (-0.38) and SEF (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

MSCI, Inc. (MSCI) — Stock Correlations & Overview

Over the past year, MSCI has moved most closely with SPGI, MCO, MORN. Explore the stocks most correlated and inversely correlated with MSCI below, along with its price, financials, and company profile.

Stocks correlated with MSCI

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

Most correlated with MSCI

Symbol	Company	Correlation
SPGI	S&P Global Inc.SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES	0.70
MCO	Moody's CorporationSERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES	0.70
MORN	Morningstar, Inc.INVESTMENT ADVICE	0.59
NDAQ	Nasdaq, Inc. Common StockSECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES	0.58
VRSK	Verisk Analytics, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.54

Most inversely correlated with MSCI

Symbol	Company	Correlation
SKF	ProShares UltraShort Financials	-0.38
FAZ	Direxion Daily Financial Bear 3x ETF	-0.38
SEF	ProShares Short Financials	-0.38
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.37
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.35

Frequently asked questions about MSCI correlations

Which stocks are most correlated with MSCI?: Based on one year of daily returns, the stocks most correlated with MSCI, Inc. (MSCI) are SPGI (0.70), MCO (0.70) and MORN (0.59). 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 MSCI?: Over the past year, the stocks most inversely correlated with MSCI, Inc. (MSCI) are SKF (-0.38), FAZ (-0.38) and SEF (-0.38). 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 MSCI correlations calculated?: We compute the correlation of daily returns between MSCI 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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