BNY Mellon Ultra Short Income ETF (BKUI) — Stock Correlations & Overview
Over the past year, BKUI has moved most closely with GBIL, JPST, ICSH. Explore the stocks most correlated and inversely correlated with BKUI below, along with its price, financials, and company profile.
Stocks correlated with BKUI
Correlation of daily returns. Higher positive values move with BKUI; negative values move opposite it. Informational only, not investment advice.
Most correlated with BKUI
| Symbol | Company | Correlation |
|---|---|---|
| GBIL | Goldman Sachs Access Treasury 0-1 Year ETF | 0.85 |
| JPST | JPMorgan Ultra-Short Income ETF | 0.84 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.84 |
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.84 |
| VUSB | Vanguard Ultra-Short Bond ETF | 0.84 |
Most inversely correlated with BKUI
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.27 |
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.26 |
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
| TBX | ProShares Short 7-10 Year Treasury | -0.25 |
| LHAI | Linkhome Holdings Inc. Common stockREAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | -0.24 |
Frequently asked questions about BKUI correlations
- Which stocks are most correlated with BKUI?
- Based on one year of daily returns, the stocks most correlated with BNY Mellon Ultra Short Income ETF (BKUI) are GBIL (0.85), JPST (0.84) and ICSH (0.84). 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 BKUI?
- Over the past year, the stocks most inversely correlated with BNY Mellon Ultra Short Income ETF (BKUI) are PST (-0.27), FLYE (-0.26) and EUO (-0.26). 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 BKUI correlations calculated?
- We compute the correlation of daily returns between BKUI 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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