Avantis Credit ETF (AVGB) — Stock Correlations & Overview
Over the past year, AVGB has moved most closely with DFGX, DGCB, DFGP. Explore the stocks most correlated and inversely correlated with AVGB below, along with its price, financials, and company profile.
Stocks correlated with AVGB
Correlation of daily returns. Higher positive values move with AVGB; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVGB
| Symbol | Company | Correlation |
|---|---|---|
| DFGX | Dimensional ETF Trust Dimensional International Core Fixed Income ETF | 0.75 |
| DGCB | Dimensional Global Credit ETF | 0.74 |
| DFGP | Dimensional Global Core Plus Fixed Income ETF | 0.73 |
| DFCF | Dimensional Core Fixed Income ETF | 0.73 |
| DFSD | Dimensional Short-Duration Fixed Income ETF | 0.71 |
Most inversely correlated with AVGB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.60 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.58 |
| TBX | ProShares Short 7-10 Year Treasury | -0.58 |
| EPV | ProShares UltraShort FTSE Europe | -0.50 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.50 |
Frequently asked questions about AVGB correlations
- Which stocks are most correlated with AVGB?
- Based on one year of daily returns, the stocks most correlated with Avantis Credit ETF (AVGB) are DFGX (0.75), DGCB (0.74) and DFGP (0.73). 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 AVGB?
- Over the past year, the stocks most inversely correlated with Avantis Credit ETF (AVGB) are PST (-0.60), TYO (-0.58) and TBX (-0.58). 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 AVGB correlations calculated?
- We compute the correlation of daily returns between AVGB 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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