Brookstone Intermediate Bond ETF (BAMB) — Stock Correlations & Overview
Over the past year, BAMB has moved most closely with TYA, TYD, USVN. Explore the stocks most correlated and inversely correlated with BAMB below, along with its price, financials, and company profile.
Stocks correlated with BAMB
Correlation of daily returns. Higher positive values move with BAMB; negative values move opposite it. Informational only, not investment advice.
Most correlated with BAMB
| Symbol | Company | Correlation |
|---|---|---|
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | 0.91 |
| TYD | Direxion Daily 7-10 Year Treasury Bull 3X ETF | 0.91 |
| USVN | US Treasury 7 Year Note ETF | 0.89 |
| USIN | WisdomTree 7-10 Year Laddered Treasury Fund | 0.89 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.89 |
Most inversely correlated with BAMB
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.89 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.89 |
| TBX | ProShares Short 7-10 Year Treasury | -0.86 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.79 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.77 |
Frequently asked questions about BAMB correlations
- Which stocks are most correlated with BAMB?
- Based on one year of daily returns, the stocks most correlated with Brookstone Intermediate Bond ETF (BAMB) are TYA (0.91), TYD (0.91) and USVN (0.89). 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 BAMB?
- Over the past year, the stocks most inversely correlated with Brookstone Intermediate Bond ETF (BAMB) are TYO (-0.89), PST (-0.89) and TBX (-0.86). 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 BAMB correlations calculated?
- We compute the correlation of daily returns between BAMB 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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