PGIM Jennison Focused International Equity ETF (PJIO) — Stock Correlations & Overview
Over the past year, PJIO has moved most closely with CGGO, CGNG, JIG. Explore the stocks most correlated and inversely correlated with PJIO below, along with its price, financials, and company profile.
Stocks correlated with PJIO
Correlation of daily returns. Higher positive values move with PJIO; negative values move opposite it. Informational only, not investment advice.
Most correlated with PJIO
| Symbol | Company | Correlation |
|---|---|---|
| CGGO | Capital Group Global Growth Equity ETF | 0.95 |
| CGNG | Capital Group New Geography Equity ETF | 0.94 |
| JIG | JPMorgan International Growth ETF | 0.94 |
| UMMA | Wahed Dow Jones Islamic World ETF | 0.93 |
| FFGX | Fidelity Fundamental Global ex-U.S. ETF | 0.93 |
Most inversely correlated with PJIO
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.91 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.91 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.91 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.86 |
| SQQQ | ProShares UltraPro Short QQQ | -0.85 |
Frequently asked questions about PJIO correlations
- Which stocks are most correlated with PJIO?
- Based on one year of daily returns, the stocks most correlated with PGIM Jennison Focused International Equity ETF (PJIO) are CGGO (0.95), CGNG (0.94) and JIG (0.94). 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 PJIO?
- Over the past year, the stocks most inversely correlated with PGIM Jennison Focused International Equity ETF (PJIO) are EDZ (-0.91), EUM (-0.91) and EEV (-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 PJIO correlations calculated?
- We compute the correlation of daily returns between PJIO 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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