QuantWolf

ETF Correlations Covering Stock Markets, Bonds, Forex and Commodities

This page shows correlation coefficients between the closing prices of 30 ETFs over the last 20 trading days.

We chose the specific ETFs here with the dual considerations of asset class diversity and sufficient volume to be practical in trading. The ETFs here represent U.S. and international stock markets, the bond market, forex, and commodities.

Correlation coefficient values are color coded with shades of blue being negative, and shades of red positive. The darker the shade, the closer to +-1.0.

Click on ticker for description. The list of ETFs may change over time.

Current ETF Correlations over last 20 trading days

Last updated:

Correlations between ETFs over last 20 days

	SPY	QQQ	IWM	VXX	XLF	XLE	XLU	EEM	EWJ	EFA	FXI	EWZ	EWT	RSX	TLT	TBT	SHY	LQD	JNK	UUP	FXE	FXY	CYB	FXA	FXC	USO	UNG	GLD	SLV	DBA
SPY	1.000	0.957	0.959	-0.944	0.980	0.878	-0.248	0.927	0.784	0.851	0.910	0.907	0.921	0.815	-0.516	0.348	0.247	0.710	0.597	0.232	-0.571	0.738	-0.037	0.940	0.788	0.664	-0.797	0.676	0.608	0.559
QQQ	1.000	0.936	-0.931	0.957	0.757	-0.483	0.930	0.776	0.811	0.938	0.948	0.884	0.857	-0.366	0.200	0.427	0.813	0.452	0.330	-0.639	0.753	0.222	0.885	0.647	0.514	-0.874	0.780	0.690	0.387
IWM	1.000	-0.936	0.959	0.766	-0.305	0.957	0.722	0.822	0.959	0.944	0.914	0.897	-0.439	0.294	0.377	0.723	0.661	0.155	-0.484	0.617	0.034	0.881	0.724	0.508	-0.839	0.769	0.725	0.481
VXX	1.000	-0.952	-0.818	0.381	-0.884	-0.701	-0.742	-0.880	-0.888	-0.887	-0.843	0.534	-0.391	-0.303	-0.665	-0.530	-0.319	0.637	-0.686	-0.010	-0.850	-0.641	-0.593	0.745	-0.776	-0.688	-0.429
XLF	1.000	0.801	-0.344	0.916	0.754	0.797	0.914	0.917	0.935	0.823	-0.424	0.259	0.356	0.746	0.518	0.341	-0.653	0.741	0.015	0.903	0.703	0.558	-0.827	0.732	0.655	0.522
XLE	1.000	0.006	0.740	0.772	0.806	0.675	0.672	0.727	0.632	-0.772	0.634	-0.134	0.397	0.636	0.037	-0.388	0.686	-0.240	0.872	0.845	0.916	-0.460	0.439	0.414	0.664
XLU	1.000	-0.405	-0.402	-0.271	-0.453	-0.526	-0.283	-0.547	-0.183	0.214	-0.727	-0.571	0.186	-0.346	0.415	-0.378	-0.798	-0.221	0.100	0.191	0.506	-0.734	-0.687	0.252
EEM	1.000	0.816	0.908	0.986	0.982	0.911	0.943	-0.364	0.222	0.456	0.798	0.623	0.051	-0.395	0.632	0.119	0.905	0.786	0.476	-0.888	0.786	0.768	0.441
EWJ	1.000	0.940	0.758	0.785	0.683	0.768	-0.408	0.281	0.320	0.637	0.471	-0.037	-0.307	0.782	0.199	0.880	0.784	0.593	-0.654	0.607	0.671	0.490
EFA	1.000	0.845	0.854	0.779	0.825	-0.453	0.316	0.247	0.659	0.641	-0.187	-0.186	0.688	0.057	0.930	0.904	0.615	-0.727	0.605	0.667	0.550
FXI	1.000	0.987	0.896	0.942	-0.274	0.132	0.531	0.838	0.564	0.138	-0.458	0.623	0.196	0.864	0.706	0.401	-0.921	0.811	0.780	0.400
EWZ	1.000	0.894	0.948	-0.281	0.137	0.545	0.852	0.534	0.156	-0.481	0.673	0.231	0.877	0.696	0.402	-0.913	0.848	0.805	0.384
EWT	1.000	0.778	-0.372	0.221	0.359	0.716	0.561	0.239	-0.530	0.602	-0.082	0.828	0.717	0.466	-0.842	0.666	0.604	0.514
RSX	1.000	-0.320	0.217	0.550	0.758	0.584	0.019	-0.348	0.564	0.278	0.809	0.653	0.381	-0.802	0.890	0.884	0.329
TLT	1.000	-0.976	0.427	0.150	-0.666	0.200	0.036	-0.196	0.360	-0.449	-0.525	-0.773	-0.022	-0.262	-0.246	-0.386
TBT	1.000	-0.457	-0.303	0.642	-0.286	0.101	0.016	-0.355	0.277	0.391	0.663	0.180	0.201	0.206	0.260
SHY	1.000	0.666	-0.082	0.328	-0.374	0.255	0.596	0.230	-0.032	-0.424	-0.662	0.643	0.605	-0.206
LQD	1.000	0.185	0.329	-0.561	0.684	0.348	0.735	0.491	0.156	-0.919	0.659	0.576	0.240
JNK	1.000	-0.453	0.169	0.104	-0.312	0.569	0.701	0.535	-0.321	0.433	0.499	0.416
UUP	1.000	-0.919	0.377	0.194	0.074	-0.268	-0.023	-0.278	0.215	0.001	-0.048
FXE	1.000	-0.658	-0.161	-0.449	-0.094	-0.270	0.523	-0.455	-0.249	-0.188
FXY	1.000	0.174	0.824	0.587	0.573	-0.607	0.464	0.413	0.545
CYB	1.000	-0.056	-0.308	-0.344	-0.260	0.420	0.434	-0.317
FXA	1.000	0.891	0.696	-0.762	0.611	0.585	0.610
FXC	1.000	0.743	-0.555	0.361	0.415	0.705
USO	1.000	-0.169	0.200	0.184	0.662
UNG	1.000	-0.701	-0.638	-0.260
GLD	1.000	0.944	0.045
SLV	1.000	0.094
DBA	1.000

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