Which stocks are most correlated with MXE?

Based on one year of daily returns, the stocks most correlated with The Mexico Equity and Income Fund, Inc. (MXE) are MEXX (0.65), EWW (0.63) and FLMX (0.62). 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 MXE?

Over the past year, the stocks most inversely correlated with The Mexico Equity and Income Fund, Inc. (MXE) are EFU (-0.48), GDXD (-0.46) and DUST (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.

The Mexico Equity and Income Fund, Inc. (MXE) — Stock Correlations & Overview

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

Stocks correlated with MXE

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

Most correlated with MXE

Symbol	Company	Correlation
MEXX	Direxion Daily MSCI Mexico Bull 3X ETF	0.65
EWW	iShares MSCI Mexico ETF	0.63
FLMX	Franklin FTSE Mexico ETF	0.62
MXF	MEXICO FUND	0.59
AVDV	Avantis International Small Cap Value ETF	0.56

Most inversely correlated with MXE

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.48
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.46
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.46
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.46
EFZ	ProShares Trust Short MSCI EAFE	-0.45

Frequently asked questions about MXE correlations

Which stocks are most correlated with MXE?: Based on one year of daily returns, the stocks most correlated with The Mexico Equity and Income Fund, Inc. (MXE) are MEXX (0.65), EWW (0.63) and FLMX (0.62). 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 MXE?: Over the past year, the stocks most inversely correlated with The Mexico Equity and Income Fund, Inc. (MXE) are EFU (-0.48), GDXD (-0.46) and DUST (-0.46). 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 MXE correlations calculated?: We compute the correlation of daily returns between MXE 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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