Templeton Emerging Markets Income Fund (TEI) — Stock Correlations & Overview
Over the past year, TEI has moved most closely with EMD, BWG, EDD. Explore the stocks most correlated and inversely correlated with TEI below, along with its price, financials, and company profile.
Stocks correlated with TEI
Correlation of daily returns. Higher positive values move with TEI; negative values move opposite it. Informational only, not investment advice.
Most correlated with TEI
| Symbol | Company | Correlation |
|---|---|---|
| EMD | Western Asset Emerging Markets Debt Fund, Inc | 0.61 |
| BWG | BrandywineGLOBAL Global Income Opportunities Fund Inc. | 0.58 |
| EDD | Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 0.57 |
| PCEF | Invesco CEF Income Composite ETFINVESTMENT ADVICE | 0.57 |
| RDFI | Rareview Dynamic Fixed Income ETF | 0.57 |
Frequently asked questions about TEI correlations
- Which stocks are most correlated with TEI?
- Based on one year of daily returns, the stocks most correlated with Templeton Emerging Markets Income Fund (TEI) are EMD (0.61), BWG (0.58) and EDD (0.57). 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 TEI?
- Over the past year, the stocks most inversely correlated with Templeton Emerging Markets Income Fund (TEI) are EFU (-0.51), EPV (-0.51) and EFZ (-0.50). 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 TEI correlations calculated?
- We compute the correlation of daily returns between TEI 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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