VictoryShares Pioneer Asset-Based Income ETF (ABI) — Stock Correlations & Overview
Over the past year, ABI has moved most closely with USTB, UBND, UITB. Explore the stocks most correlated and inversely correlated with ABI below, along with its price, financials, and company profile.
Stocks correlated with ABI
Correlation of daily returns. Higher positive values move with ABI; negative values move opposite it. Informational only, not investment advice.
Most correlated with ABI
| Symbol | Company | Correlation |
|---|---|---|
| USTB | Victory Portfolios II VictoryShares Short-Term Bond ETF | 0.81 |
| UBND | Victory Portfolios II VictoryShares Core Plus Bond ETF | 0.52 |
| UITB | Victory Portfolios II VictoryShares Core Intermediate Bond ETF | 0.49 |
| UCRD | Victory Portfolios II VictoryShares Corporate Bond ETF | 0.46 |
| RZLT | Rezolute, Inc. Common Stock (NV)PHARMACEUTICAL PREPARATIONS | 0.39 |
Most inversely correlated with ABI
| Symbol | Company | Correlation |
|---|---|---|
| AXIL | AXIL Brands, Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | -0.33 |
| DXLG | Destination XL Group, Inc. Common StockRETAIL-FAMILY CLOTHING STORES | -0.26 |
| GIBO | GIBO Holdings Limited Class A Ordinary Shares | -0.25 |
| PETS | PetMed Express, Inc.RETAIL-DRUG STORES AND PROPRIETARY STORES | -0.24 |
| JFU | 9F Inc. American Depositary Shares | -0.23 |
Frequently asked questions about ABI correlations
- Which stocks are most correlated with ABI?
- Based on one year of daily returns, the stocks most correlated with VictoryShares Pioneer Asset-Based Income ETF (ABI) are USTB (0.81), UBND (0.52) and UITB (0.49). 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 ABI?
- Over the past year, the stocks most inversely correlated with VictoryShares Pioneer Asset-Based Income ETF (ABI) are AXIL (-0.33), DXLG (-0.26) and GIBO (-0.25). 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 ABI correlations calculated?
- We compute the correlation of daily returns between ABI 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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