American Beacon AHL Trend ETF (AHLT) — Stock Correlations & Overview
Over the past year, AHLT has moved most closely with ASMF, FARX, RSBT. Explore the stocks most correlated and inversely correlated with AHLT below, along with its price, financials, and company profile.
Stocks correlated with AHLT
Correlation of daily returns. Higher positive values move with AHLT; negative values move opposite it. Informational only, not investment advice.
Most correlated with AHLT
| Symbol | Company | Correlation |
|---|---|---|
| ASMF | Virtus AlphaSimplex Managed Futures ETF | 0.85 |
| FARX | Frontier Asset Absolute Return ETF | 0.82 |
| RSBT | Return Stacked Bonds & Managed Futures ETF | 0.78 |
| DBMF | iMGP DBi Managed Futures Strategy ETF | 0.77 |
| RSST | Return Stacked U.S. Stocks & Managed Futures ETF | 0.77 |
Most inversely correlated with AHLT
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.62 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.50 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.49 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.49 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.47 |
Frequently asked questions about AHLT correlations
- Which stocks are most correlated with AHLT?
- Based on one year of daily returns, the stocks most correlated with American Beacon AHL Trend ETF (AHLT) are ASMF (0.85), FARX (0.82) and RSBT (0.78). 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 AHLT?
- Over the past year, the stocks most inversely correlated with American Beacon AHL Trend ETF (AHLT) are ZSL (-0.62), GLL (-0.50) and DULL (-0.49). 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 AHLT correlations calculated?
- We compute the correlation of daily returns between AHLT 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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