EMF vs SKM: Correlation
Templeton Emerging Markets Fund (EMF) and SK Telecom Co., Ltd. (SKM) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMF and SKM?
On 3 years of weekly data the EMF/SKM correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 227.8 %².
SKM is close to the least connected end of EMF's tracked universe, ranking #18 of 21. The last year tells two different stories: SKM led by 18.5 percentage points, +61.6% for EMF against +80.1% for SKM.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EMF vs SKM: side by side
| EMF (Templeton Emerging Markets Fund) | SKM (SK Telecom Co., Ltd.) | |
|---|---|---|
| 1-year return | +61.6% | +80.1% |
| 5-year return | +91.4% | +83.7% |
| Volatility (ann.) | 21.0% | 31.3% |
| Beta vs S&P 500 | 0.93 | 0.32 |
| Max drawdown (3Y) | -19.5% | -35.6% |
| Market cap | $0.3B | $15.2B |
| P/E (trailing) | 2.4 | 29.0 |
| Dividend yield | 3.91% | 4170.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMF | SKM |
|---|---|---|
| 2022 | -21.5% | -17.8% |
| 2023 | +8.8% | +11.6% |
| 2024 | +6.6% | +2.9% |
| 2025 | +58.2% | +1.0% |
| 2026 | +36.1% | +92.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMF and SKM good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EMF and SKM?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.39 over the last year and 0.33 over 5 years.
Is SKM a good diversifier for EMF?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/emf-vs-skm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/emf-vs-skm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMF correlations · SKM correlations
