Vanguard Emerging Markets Ex-China ETF (VEXC) — Stock Correlations & Overview
Over the past year, VEXC has moved most closely with XCNY, SPEM, VWO. Explore the stocks most correlated and inversely correlated with VEXC below, along with its price, financials, and company profile.
Stocks correlated with VEXC
Correlation of daily returns. Higher positive values move with VEXC; negative values move opposite it. Informational only, not investment advice.
Most correlated with VEXC
| Symbol | Company | Correlation |
|---|---|---|
| XCNY | SPDR Index Shares Fund State Street SPDR S&P Emerging Markets ex-China ETF | 0.98 |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 0.96 |
| VWO | Vanguard FTSE Emerging Markets ETF | 0.96 |
| SCHE | Schwab Emerging Markets Equity ETF | 0.95 |
| DGRE | WisdomTree Trust WisdomTree Emerging Markets Quality Dividend Growth Fund | 0.95 |
Frequently asked questions about VEXC correlations
- Which stocks are most correlated with VEXC?
- Based on one year of daily returns, the stocks most correlated with Vanguard Emerging Markets Ex-China ETF (VEXC) are XCNY (0.98), SPEM (0.96) and VWO (0.96). 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 VEXC?
- Over the past year, the stocks most inversely correlated with Vanguard Emerging Markets Ex-China ETF (VEXC) are EDZ (-0.93), EEV (-0.93) and EUM (-0.93). 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 VEXC correlations calculated?
- We compute the correlation of daily returns between VEXC 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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