BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) — Stock Correlations & Overview
Over the past year, BBBL has moved most closely with IGLB, VCLT, SPLB. Explore the stocks most correlated and inversely correlated with BBBL below, along with its price, financials, and company profile.
Stocks correlated with BBBL
Correlation of daily returns. Higher positive values move with BBBL; negative values move opposite it. Informational only, not investment advice.
Most correlated with BBBL
| Symbol | Company | Correlation |
|---|---|---|
| IGLB | iShares 10+ Year Investment Grade Corporate Bond ETF | 0.99 |
| VCLT | Vanguard Long-Term Corporate Bond ETF | 0.99 |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | 0.99 |
| LKOR | Northern Trust Credit-Scored US Long Corporate Bond ETF | 0.98 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.98 |
Most inversely correlated with BBBL
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.88 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.87 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.86 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.84 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.81 |
Frequently asked questions about BBBL correlations
- Which stocks are most correlated with BBBL?
- Based on one year of daily returns, the stocks most correlated with BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) are IGLB (0.99), VCLT (0.99) and SPLB (0.99). 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 BBBL?
- Over the past year, the stocks most inversely correlated with BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) are TMV (-0.88), TBT (-0.87) and TBF (-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 BBBL correlations calculated?
- We compute the correlation of daily returns between BBBL 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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