National Security Emerging Markets Index ETF (NSI) — Stock Correlations & Overview
Over the past year, NSI has moved most closely with CGNG, EEM, ESGE. Explore the stocks most correlated and inversely correlated with NSI below, along with its price, financials, and company profile.
Stocks correlated with NSI
Correlation of daily returns. Higher positive values move with NSI; negative values move opposite it. Informational only, not investment advice.
Most correlated with NSI
| Symbol | Company | Correlation |
|---|---|---|
| CGNG | Capital Group New Geography Equity ETF | 0.96 |
| EEM | iShares MSCI Emerging Markets ETF | 0.96 |
| ESGE | iShares, Inc. iShares ESG Aware MSCI EM ETF | 0.96 |
| AVEM | Avantis Emerging Markets Equity ETF | 0.96 |
| IEMG | iShares Core MSCI Emerging Markets ETF | 0.96 |
Most inversely correlated with NSI
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.95 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.95 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.95 |
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.84 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.83 |
Frequently asked questions about NSI correlations
- Which stocks are most correlated with NSI?
- Based on one year of daily returns, the stocks most correlated with National Security Emerging Markets Index ETF (NSI) are CGNG (0.96), EEM (0.96) and ESGE (0.96). 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 NSI?
- Over the past year, the stocks most inversely correlated with National Security Emerging Markets Index ETF (NSI) are EEV (-0.95), EDZ (-0.95) and EUM (-0.95). 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 NSI correlations calculated?
- We compute the correlation of daily returns between NSI 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.