SOL / EEM
Solana and iShares MSCI Emerging Markets ETF correlation 0.21
Solana and iShares MSCI Emerging Markets ETF correlation is 0.21 over 90 days both markets printed a close, ending 2026-10-23. The link is real and loose. A hedge helps, it does not cancel the book.
- 90-close correlation
- 0.21
- 30-close correlation
- 0.37
- Observations
- 90
- As of
- 2026-10-23
- SOL vol
- 55.3%
- EEM vol
- 25.8%
- Calendar
- days both markets printed a close
- 30-close count
- 30
The 30-close correlation is 0.37 against 0.21 over 90 closes. The pair tightened. Crypto trades on weekends and these ETFs do not. This correlation keeps only dates both sides printed a close, so it is not comparable to a crypto-to-crypto page.
SOL 90-close vol is 55.3%. EEM is 25.8%. A 50/50 book of the two annualized vols would have realized about 32.9%, against 40.6% if you averaged the two vols with no diversification.
How to read this print
- Read the 90-close correlation for SOL and EEM.
- Compare it with the 30-close print to see if the pair tightened or broke.
- Use the two realized vols to judge whether a 50/50 mix actually diversifies.
- Open the correlation matrix if you want the whole book, not one pair.
FAQ
People also ask
0.21 over 90 days both markets printed a close, ending 2026-10-23. The link is real and loose. A hedge helps, it does not cancel the book.
The 30-close correlation is 0.37 against 0.21 over 90 closes. The pair tightened.
Using the 90-close vols and this correlation, a 50/50 book would have realized about 32.9%. Compare that with holding either name alone.
This print uses days both markets printed a close and log-return correlation on the aligned window. A site that uses weekly returns, a different session calendar, or a longer sample will not match it. The method is on this page.
Related
Solana volatility
90-close vol 55.3%.
iShares MSCI Emerging Markets ETF volatility
90-close vol 25.8%.
Correlation matrix
The full book, not just this pair.
Risk parity optimizer
Weights that stop the higher-vol name from owning the book.
Diversification ratio
How much of the standalone vol a mix actually cancels.
BTC and SOL
Another pair in the same universe.
ETH and SOL
Another pair in the same universe.
SOL and XRP
Another pair in the same universe.
SOL and BNB
Another pair in the same universe.
A correlation is not a hedge until you hold both.
This page is the market path. Thrive is the book you actually held, so you can see whether the hedge was real.