Horizon Core Bond ETF (BNDY) — Stock Correlations & Overview
Over the past year, BNDY has moved most closely with FLXN, QIG, CPAG. Explore the stocks most correlated and inversely correlated with BNDY below, along with its price, financials, and company profile.
Stocks correlated with BNDY
Correlation of daily returns. Higher positive values move with BNDY; negative values move opposite it. Informational only, not investment advice.
Most correlated with BNDY
| Symbol | Company | Correlation |
|---|---|---|
| FLXN | Horizon Flexible Income ETF | 0.79 |
| QIG | WisdomTree U.S. Corporate Bond Fund | 0.75 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.75 |
| AGGY | WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 0.74 |
| ZTEN | F/m 10-Year Investment Grade Corporate Bond ETF | 0.74 |
Most inversely correlated with BNDY
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.68 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.66 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.64 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.63 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.61 |
Frequently asked questions about BNDY correlations
- Which stocks are most correlated with BNDY?
- Based on one year of daily returns, the stocks most correlated with Horizon Core Bond ETF (BNDY) are FLXN (0.79), QIG (0.75) and CPAG (0.75). 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 BNDY?
- Over the past year, the stocks most inversely correlated with Horizon Core Bond ETF (BNDY) are TYO (-0.68), PST (-0.66) and TMV (-0.64). 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 BNDY correlations calculated?
- We compute the correlation of daily returns between BNDY 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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