Vanguard FTSE Emerging Markets ETF (VWO) — Stock Correlations & Overview
Over the past year, VWO has moved most closely with SPEM, SCHE, GMF. Explore the stocks most correlated and inversely correlated with VWO below, along with its price, financials, and company profile.
Stocks correlated with VWO
Correlation of daily returns. Higher positive values move with VWO; negative values move opposite it. Informational only, not investment advice.
Most correlated with VWO
| Symbol | Company | Correlation |
|---|---|---|
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 0.98 |
| SCHE | Schwab Emerging Markets Equity ETF | 0.98 |
| GMF | State Street SPDR S&P Emerging Asia Pacific ETF | 0.96 |
| VEXC | Vanguard Emerging Markets Ex-China ETF | 0.96 |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 0.95 |
Most inversely correlated with VWO
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.94 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.94 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.93 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.80 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.80 |
Frequently asked questions about VWO correlations
- Which stocks are most correlated with VWO?
- Based on one year of daily returns, the stocks most correlated with Vanguard FTSE Emerging Markets ETF (VWO) are SPEM (0.98), SCHE (0.98) and GMF (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 VWO?
- Over the past year, the stocks most inversely correlated with Vanguard FTSE Emerging Markets ETF (VWO) are EDZ (-0.94), EEV (-0.94) 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 VWO correlations calculated?
- We compute the correlation of daily returns between VWO 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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