Which stocks are most correlated with TUR?

Based on one year of daily returns, the stocks most correlated with iShares MSCI Turkey ETF (TUR) are TKC (0.59), FEMS (0.50) and GVAL (0.48). 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 TUR?

Over the past year, the stocks most inversely correlated with iShares MSCI Turkey ETF (TUR) are EDZ (-0.36), SPXU (-0.35) and SDS (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

iShares MSCI Turkey ETF (TUR) — Stock Correlations & Overview

Over the past year, TUR has moved most closely with TKC, FEMS, GVAL. Explore the stocks most correlated and inversely correlated with TUR below, along with its price, financials, and company profile.

Stocks correlated with TUR

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

Most correlated with TUR

Symbol	Company	Correlation
TKC	TURKCELL ILETISIM HIZMETLERI A.S. ADS	0.59
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	0.50
GVAL	Cambria Global Value ETF	0.48
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	0.48
MDAA	Myriad Dynamic Asset Allocation ETF	0.44

Most inversely correlated with TUR

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.36
SPXU	ProShares UltraPro Short S&P 500	-0.35
SDS	ProShares UltraShort S&P500	-0.35
SH	ProShares Short S&P500	-0.35
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.35

Frequently asked questions about TUR correlations

Which stocks are most correlated with TUR?: Based on one year of daily returns, the stocks most correlated with iShares MSCI Turkey ETF (TUR) are TKC (0.59), FEMS (0.50) and GVAL (0.48). 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 TUR?: Over the past year, the stocks most inversely correlated with iShares MSCI Turkey ETF (TUR) are EDZ (-0.36), SPXU (-0.35) and SDS (-0.35). 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 TUR correlations calculated?: We compute the correlation of daily returns between TUR 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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