iShares MSCI Thailand ETF (THD) — Stock Correlations & Overview
Over the past year, THD has moved most closely with EDIV, JPEM, IXUS. Explore the stocks most correlated and inversely correlated with THD below, along with its price, financials, and company profile.
Stocks correlated with THD
Correlation of daily returns. Higher positive values move with THD; negative values move opposite it. Informational only, not investment advice.
Most correlated with THD
| Symbol | Company | Correlation |
|---|---|---|
| EDIV | State Street SPDR S&P Emerging Markets Dividend ETF | 0.66 |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 0.66 |
| IXUS | iShares Core MSCI Total International Stock ETF | 0.66 |
| MDAA | Myriad Dynamic Asset Allocation ETF | 0.65 |
| ACWX | iShares MSCI ACWI ex US ETF | 0.65 |
Most inversely correlated with THD
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.60 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.59 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.59 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.59 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.59 |
Frequently asked questions about THD correlations
- Which stocks are most correlated with THD?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI Thailand ETF (THD) are EDIV (0.66), JPEM (0.66) and IXUS (0.66). 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 THD?
- Over the past year, the stocks most inversely correlated with iShares MSCI Thailand ETF (THD) are EDZ (-0.60), EEV (-0.59) and EFZ (-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 THD correlations calculated?
- We compute the correlation of daily returns between THD 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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