Bluemonte Core Bond ETF (BDBT) — Stock Correlations & Overview
Over the past year, BDBT has moved most closely with BLST, BLTD, CPAG. Explore the stocks most correlated and inversely correlated with BDBT below, along with its price, financials, and company profile.
Stocks correlated with BDBT
Correlation of daily returns. Higher positive values move with BDBT; negative values move opposite it. Informational only, not investment advice.
Most correlated with BDBT
| Symbol | Company | Correlation |
|---|---|---|
| BLST | Bluemonte Short Term Bond ETF | 0.94 |
| BLTD | Bluemonte Long Term Bond ETF | 0.93 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.93 |
| UTEN | US Treasury 10 Year Note ETF | 0.91 |
| XTEN | BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 0.90 |
Most inversely correlated with BDBT
| 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 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.85 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.85 |
| TBX | ProShares Short 7-10 Year Treasury | -0.84 |
Frequently asked questions about BDBT correlations
- Which stocks are most correlated with BDBT?
- Based on one year of daily returns, the stocks most correlated with Bluemonte Core Bond ETF (BDBT) are BLST (0.94), BLTD (0.93) and CPAG (0.93). 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 BDBT?
- Over the past year, the stocks most inversely correlated with Bluemonte Core Bond ETF (BDBT) are TYO (-0.89), PST (-0.89) and TMV (-0.85). 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 BDBT correlations calculated?
- We compute the correlation of daily returns between BDBT 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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