iShares BBB-B CLO Active ETF (BCLO) — Stock Correlations & Overview
Over the past year, BCLO has moved most closely with SGOV, CLOA, FLOT. Explore the stocks most correlated and inversely correlated with BCLO below, along with its price, financials, and company profile.
Stocks correlated with BCLO
Correlation of daily returns. Higher positive values move with BCLO; negative values move opposite it. Informational only, not investment advice.
Most correlated with BCLO
| Symbol | Company | Correlation |
|---|---|---|
| SGOV | iShares 0-3 Month Treasury Bond ETF | 0.65 |
| CLOA | BlackRock ETF Trust II iShares AAA CLO Active ETF | 0.65 |
| FLOT | iShares Floating Rate Bond ETF | 0.65 |
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.64 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.64 |
Most inversely correlated with BCLO
| Symbol | Company | Correlation |
|---|---|---|
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | -0.23 |
| RLYB | Rallybio Corporation Common StockPHARMACEUTICAL PREPARATIONS | -0.23 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.22 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.21 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.21 |
Frequently asked questions about BCLO correlations
- Which stocks are most correlated with BCLO?
- Based on one year of daily returns, the stocks most correlated with iShares BBB-B CLO Active ETF (BCLO) are SGOV (0.65), CLOA (0.65) and FLOT (0.65). 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 BCLO?
- Over the past year, the stocks most inversely correlated with iShares BBB-B CLO Active ETF (BCLO) are TPET (-0.23), RLYB (-0.23) and UVXY (-0.22). 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 BCLO correlations calculated?
- We compute the correlation of daily returns between BCLO 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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