Which stocks are most correlated with WIP?

Based on one year of daily returns, the stocks most correlated with State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) are EMLC (0.84), EBND (0.83) and PICB (0.82). 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 WIP?

Over the past year, the stocks most inversely correlated with State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) are EFZ (-0.71), EPV (-0.71) and EUO (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) — Stock Correlations & Overview

Over the past year, WIP has moved most closely with EMLC, EBND, PICB. Explore the stocks most correlated and inversely correlated with WIP below, along with its price, financials, and company profile.

Stocks correlated with WIP

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

Most correlated with WIP

Symbol	Company	Correlation
EMLC	VanEck J. P. Morgan EM Local Currency Bond ETF	0.84
EBND	State Street SPDR Bloomberg Emerging Markets Local Bond ETF	0.83
PICB	Invesco International Corporate Bond ETF	0.82
IBND	State Street SPDR Bloomberg International Corporate Bond ETF	0.82
IGOV	iShares International Treasury Bond ETF	0.82

Most inversely correlated with WIP

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.71
EPV	ProShares UltraShort FTSE Europe	-0.71
EUO	ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS	-0.70
EFU	ProShares Trust UltraShort MSCI EAFE	-0.69
UUP	Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS	-0.63

Frequently asked questions about WIP correlations

Which stocks are most correlated with WIP?: Based on one year of daily returns, the stocks most correlated with State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) are EMLC (0.84), EBND (0.83) and PICB (0.82). 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 WIP?: Over the past year, the stocks most inversely correlated with State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) are EFZ (-0.71), EPV (-0.71) and EUO (-0.70). 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 WIP correlations calculated?: We compute the correlation of daily returns between WIP 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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