Vanguard Emerging Markets Government Bond ETF (VWOB) — Stock Correlations & Overview
Over the past year, VWOB has moved most closely with EMB, EMHC, JPMB. Explore the stocks most correlated and inversely correlated with VWOB below, along with its price, financials, and company profile.
Stocks correlated with VWOB
Correlation of daily returns. Higher positive values move with VWOB; negative values move opposite it. Informational only, not investment advice.
Most correlated with VWOB
| Symbol | Company | Correlation |
|---|---|---|
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.98 |
| EMHC | State Street SPDR Bloomberg Emerging Markets USD Bond ETF | 0.96 |
| JPMB | JPMorgan USD Emerging Markets Sovereign Bond ETF | 0.96 |
| GEMD | Goldman Sachs Access Emerging Markets USD Bond ETF | 0.95 |
| BEMB | iShares J.P. Morgan Broad USD Emerging Markets Bond ETF | 0.94 |
Most inversely correlated with VWOB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.74 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.73 |
| TBX | ProShares Short 7-10 Year Treasury | -0.72 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.69 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.69 |
Frequently asked questions about VWOB correlations
- Which stocks are most correlated with VWOB?
- Based on one year of daily returns, the stocks most correlated with Vanguard Emerging Markets Government Bond ETF (VWOB) are EMB (0.98), EMHC (0.96) and JPMB (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 VWOB?
- Over the past year, the stocks most inversely correlated with Vanguard Emerging Markets Government Bond ETF (VWOB) are PST (-0.74), TYO (-0.73) and TBX (-0.72). 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 VWOB correlations calculated?
- We compute the correlation of daily returns between VWOB 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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