VanEck Rare Earth and Strategic Metals ETF (REMX) — Stock Correlations & Overview
Over the past year, REMX has moved most closely with ILIT, LITP, ION. Explore the stocks most correlated and inversely correlated with REMX below, along with its price, financials, and company profile.
Stocks correlated with REMX
Correlation of daily returns. Higher positive values move with REMX; negative values move opposite it. Informational only, not investment advice.
Most correlated with REMX
| Symbol | Company | Correlation |
|---|---|---|
| ILIT | iShares Lithium Miners and Producers ETF | 0.92 |
| LITP | Sprott Lithium Miners ETF | 0.89 |
| ION | ProShares S&P Global Core Battery Metals ETF | 0.88 |
| SETM | Sprott Funds Trust Sprott Critical Materials ETF | 0.87 |
| LIT | Global X Lithium & Battery Tech ETF | 0.86 |
Most inversely correlated with REMX
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.61 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.60 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.59 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.59 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.59 |
Frequently asked questions about REMX correlations
- Which stocks are most correlated with REMX?
- Based on one year of daily returns, the stocks most correlated with VanEck Rare Earth and Strategic Metals ETF (REMX) are ILIT (0.92), LITP (0.89) and ION (0.88). 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 REMX?
- Over the past year, the stocks most inversely correlated with VanEck Rare Earth and Strategic Metals ETF (REMX) are JDST (-0.61), EUM (-0.60) and DUST (-0.59). 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 REMX correlations calculated?
- We compute the correlation of daily returns between REMX 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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