Avantis Short-Term Fixed Income ETF (AVSF) — Stock Correlations & Overview
Over the past year, AVSF has moved most closely with AVIG, MUSI, KORP. Explore the stocks most correlated and inversely correlated with AVSF below, along with its price, financials, and company profile.
Stocks correlated with AVSF
Correlation of daily returns. Higher positive values move with AVSF; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVSF
| Symbol | Company | Correlation |
|---|---|---|
| AVIG | Avantis Core Fixed Income ETF | 0.89 |
| MUSI | American Century Multisector Income ETF | 0.85 |
| KORP | American Century Diversified Corporate Bond ETF | 0.84 |
| SDSI | American Century Short Duration Strategic Income ETF | 0.81 |
| MYCL | SSGA Active Trust State Street My2032 Corporate Bond ETF | 0.77 |
Most inversely correlated with AVSF
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.71 |
| TBX | ProShares Short 7-10 Year Treasury | -0.70 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.70 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.60 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.60 |
Frequently asked questions about AVSF correlations
- Which stocks are most correlated with AVSF?
- Based on one year of daily returns, the stocks most correlated with Avantis Short-Term Fixed Income ETF (AVSF) are AVIG (0.89), MUSI (0.85) and KORP (0.84). 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 AVSF?
- Over the past year, the stocks most inversely correlated with Avantis Short-Term Fixed Income ETF (AVSF) are PST (-0.71), TBX (-0.70) and TYO (-0.70). 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 AVSF correlations calculated?
- We compute the correlation of daily returns between AVSF 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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