Which stocks are most correlated with RFEM?

Based on one year of daily returns, the stocks most correlated with First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) are SPEM (0.95), VEXC (0.95) and VWO (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 RFEM?

Over the past year, the stocks most inversely correlated with First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) are EDZ (-0.93), EEV (-0.92) and EUM (-0.92). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) — Stock Correlations & Overview

Over the past year, RFEM has moved most closely with SPEM, VEXC, VWO. Explore the stocks most correlated and inversely correlated with RFEM below, along with its price, financials, and company profile.

Stocks correlated with RFEM

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

Most correlated with RFEM

Symbol	Company	Correlation
SPEM	State Street SPDR Portfolio Emerging Markets ETF	0.95
VEXC	Vanguard Emerging Markets Ex-China ETF	0.95
VWO	Vanguard FTSE Emerging Markets ETF	0.94
EEMA	iShares MSCI Emerging Markets Asia ETF	0.94
XCNY	SPDR Index Shares Fund State Street SPDR S&P Emerging Markets ex-China ETF	0.94

Most inversely correlated with RFEM

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.93
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.92
EUM	ProShares Trust Short MSCI Emerging Markets	-0.92
QID	ProShares UltraShort QQQ	-0.80
SQQQ	ProShares UltraPro Short QQQ	-0.80

Frequently asked questions about RFEM correlations

Which stocks are most correlated with RFEM?: Based on one year of daily returns, the stocks most correlated with First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) are SPEM (0.95), VEXC (0.95) and VWO (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 RFEM?: Over the past year, the stocks most inversely correlated with First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) are EDZ (-0.93), EEV (-0.92) and EUM (-0.92). 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 RFEM correlations calculated?: We compute the correlation of daily returns between RFEM 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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