OneAscent International Equity ETF (OAIM) — Stock Correlations & Overview
Over the past year, OAIM has moved most closely with TDI, FFGX, CORO. Explore the stocks most correlated and inversely correlated with OAIM below, along with its price, financials, and company profile.
Stocks correlated with OAIM
Correlation of daily returns. Higher positive values move with OAIM; negative values move opposite it. Informational only, not investment advice.
Most correlated with OAIM
| Symbol | Company | Correlation |
|---|---|---|
| TDI | Touchstone Dynamic International ETF | 0.93 |
| FFGX | Fidelity Fundamental Global ex-U.S. ETF | 0.93 |
| CORO | iShares International Country Rotation Active ETF | 0.93 |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 0.93 |
| FINT | Frontier Asset Total International Equity ETF | 0.93 |
Most inversely correlated with OAIM
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.89 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.89 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.89 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.85 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.84 |
Frequently asked questions about OAIM correlations
- Which stocks are most correlated with OAIM?
- Based on one year of daily returns, the stocks most correlated with OneAscent International Equity ETF (OAIM) are TDI (0.93), FFGX (0.93) and CORO (0.93). 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 OAIM?
- Over the past year, the stocks most inversely correlated with OneAscent International Equity ETF (OAIM) are EDZ (-0.89), EUM (-0.89) and EEV (-0.89). 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 OAIM correlations calculated?
- We compute the correlation of daily returns between OAIM 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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