Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) — Stock Correlations & Overview
Over the past year, BHYB has moved most closely with HYGV, JNK, BBHY. Explore the stocks most correlated and inversely correlated with BHYB below, along with its price, financials, and company profile.
Stocks correlated with BHYB
Correlation of daily returns. Higher positive values move with BHYB; negative values move opposite it. Informational only, not investment advice.
Most correlated with BHYB
| Symbol | Company | Correlation |
|---|---|---|
| HYGV | Northern Trust High Yield Value-Scored Bond ETF | 0.94 |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | 0.94 |
| BBHY | JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 0.93 |
| SPHY | State Street SPDR Portfolio High Yield Bond ETF | 0.93 |
| HYUP | Xtrackers High Beta High Yield Bond ETF | 0.93 |
Frequently asked questions about BHYB correlations
- Which stocks are most correlated with BHYB?
- Based on one year of daily returns, the stocks most correlated with Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) are HYGV (0.94), JNK (0.94) and BBHY (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 BHYB?
- Over the past year, the stocks most inversely correlated with Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) are SJB (-0.71), EFZ (-0.66) and RWM (-0.65). 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 BHYB correlations calculated?
- We compute the correlation of daily returns between BHYB 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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